INJ Long DCA Strategy with Four-Hour RSI and Fixed Averaging Orders
Summary
This long-only strategy for an INJ perpetual contract opens a base position when four-hour RSI falls below 28. If price declines from the base entry, it can add up to five averaging orders at fixed deviations of 2%, 5%, 9.5%, 16%, and 25%. Each successive order is larger, using a 1.8-times sizing progression in the supplied defaults. The strategy closes the entire position when price reaches a fixed profit target above the average entry price.
The script also includes a selectable market or limit base entry, a backtest date window, chart annotations, and webhook alerts for a 3Commas bot. It has no stop loss or trailing exit, and the add ladder ends after the fifth order, so a deeper decline can leave a position open without further averaging. Its stated maximum deployment is about $20,633 with the provided order sizes and starting capital. The document gives implementation settings but no performance results, and its defaults are calibrated for a particular exchange, INJ market, and four-hour timeframe.
Key ideas
- A base long entry is armed when four-hour RSI(14) is below 28.
- Five averaging orders trigger at fixed percentage declines from the base entry, with progressively larger sizes.
- The strategy exits at a fixed profit target above the position’s average entry price.
- There is no stop loss, and the averaging ladder stops after its fifth order.
- Webhook alerts and chart displays support connecting the strategy to a bot and monitoring its levels.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.