HBAR RSI Long DCA Strategy with Fixed Averaging Levels and Take Profit
Summary
This HBAR perpetual-futures strategy opens a long position when a 14-period RSI on the four-hour timeframe falls below a configurable oversold threshold. It begins with a cash-sized base order, then can add up to five averaging orders at fixed percentage declines from the base entry price. Each rung has a separately configured size, with the defaults scaling order amounts upward as price falls. The script tracks the average entry and closes the position when price reaches a fixed profit target above that average.
The implementation includes a backtest date window, commission and slippage assumptions, chart levels, status displays, and webhook alerts for a DCA bot. Its stated design has no stop loss and no additions below the final rung, so the position can remain exposed during a deeper decline; the listed maximum deployment is tied to the configured order sizes. RSI oversold readings and averaging down do not establish a reversal or profitable outcome. The document supplies no independent performance evidence, and backtest settings and execution may differ from live conditions.
Key ideas
- A four-hour RSI threshold below the configured level arms the long base order.
- Five optional averaging orders trigger at fixed declines from the base entry price.
- The averaging sizes increase across the ladder under the default configuration.
- A fixed take-profit closes the position relative to its average entry price.
- The design has no stop loss, and exposure remains subject to the order ladder and execution assumptions.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.