ETH RSI Dollar-Cost Averaging With Fixed Add Levels and Take Profit

Summary

This long-only ETH strategy arms a base entry when the four-hour RSI falls below a configurable oversold threshold. If price declines from the base entry, it can add up to five averaging orders at fixed percentage offsets. The example uses progressively larger order sizes, increasing exposure as price falls, and closes the entire position once price rises a set percentage above the average entry. The script includes configurable dates, order sizes, RSI settings, and a webhook interface.

The ladder bounds the number of planned additions, but the strategy has no stop loss, so a sustained decline can leave the position open with substantial unrealized losses. Its defaults are described as calibrated for ETH perpetual futures on a four-hour chart, and the document specifies assumed fees and slippage; it does not provide performance evidence demonstrating profitability. The add sizing and lack of a loss exit make exposure management central to evaluating the approach. Results may vary with market, execution conditions, and parameter choices.

Key ideas

• A four-hour RSI below its threshold triggers the base long entry.
• Five averaging orders are placed at fixed percentage declines from the base entry price.
• Order sizes increase across the ladder, raising exposure as price falls.
• The strategy closes at a fixed gain above the position’s average entry and has no stop loss.
• The defaults target ETH perpetual futures, and the document does not establish profitability.

Tags

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