ETH Perpetual RSI Strategy with Scaled Averaging Orders

Summary

This document describes a long-only averaging strategy for ETH perpetual futures. Its entry filter uses a 14-period RSI on a four-hour timeframe and arms an entry when RSI falls below 36. After a base order, up to five safety orders are placed at fixed declines of 2%, 5%, 9.5%, 16%, and 25% from the base entry. The example scales order sizes upward, uses a fixed 4.5% take profit above the average entry, and allows no further additions after the last order.

The stated configuration was calibrated for ETH/USDT perpetuals and says the RSI threshold and profit target were optimizer-tuned. The document also gives an example maximum deployed capital of about one fifth of a $100,000 account when all orders fill. The supplied text ends partway through the script, so it does not show the complete order or exit implementation, and no strategy report or realized performance results are included. There is no stop loss: if price continues falling past the final averaging level, the position remains exposed. Results may vary with market regime, funding, execution costs, and exchange liquidation rules.

Key ideas

• The entry filter arms a long position when four-hour RSI falls below the configured threshold.
• Five additional orders use fixed price declines from the base entry, with increasing order sizes.
• A fixed take-profit target is set above the position’s average entry price.
• The order ladder has a final rung, but the described strategy has no stop loss.
• The settings are calibrated for ETH perpetual futures, and the excerpt does not include performance results or the complete script.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.