Four-Stage BIST Equity Accumulation Using Support and Resistance

Summary

This strategy describes staged accumulation in volatile BIST stocks. It derives support and resistance levels from price crossings with Hull moving averages applied to closing prices, then compares the distance between those levels with a configurable range. A close crossing back above support can trigger the first purchase; additional purchases are intended at successively lower prices near thresholds based on the initial average cost. Each tranche is 25% of the planned position, for up to four stages.

The stated exit is a full close when price reaches twice the average entry cost, subject to a separate resistance-range condition in the source logic. The document flags the central risk: a prolonged decline can leave the position exposed, especially without a stop. It also cautions that poorly spaced thresholds may fail to diversify entry prices, and proposes volatility filters and trailing exits. No return figures are supplied; the published backtest configuration identifies BTC/USDT futures, not BIST equities, so it does not evidence results in the strategy’s named market.

Key ideas

• Support and resistance are derived from crossings between closing price and Hull moving averages.
• A recovery across support within a configured range initiates the first 25% tranche.
• Further tranches are conditioned on prices falling below levels tied to the average entry cost.
• The described full exit targets twice the average cost, with a resistance-range condition in the source logic.
• The supplied backtest settings concern BTC/USDT futures and give no evidence of performance in BIST stocks.

Tags

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