JUP RSI Long DCA with Fixed Averaging Levels and Take Profit
Summary
This long-only dollar-cost-averaging framework is calibrated for JUP perpetual futures on a four-hour chart. It opens a base position when four-hour RSI falls below a configurable oversold threshold. If price declines from the base entry, up to five additional orders are placed at fixed percentage offsets from that original entry, with each rung assigned a larger cash size. The levels are measured from the base price, not cumulatively from each fill.
The strategy closes the full position when price reaches a fixed percentage above the current average entry. It has no stop loss, trailing exit, or orders beyond the final averaging rung, so a prolonged decline can leave capital committed at a loss. The script provides configurable order sizes, RSI settings, and a backtest window, along with webhook alerts and visual status displays. The document gives example settings and exposure estimates but no evidence of profitability; results depend on market path, costs, sizing, and the chosen contract and timeframe.
Key ideas
- A four-hour RSI oversold reading arms the initial long entry.
- Five configurable averaging orders use fixed drawdowns from the base entry and progressively larger sizes.
- The entire position closes at a fixed gain above its volume-weighted average entry price.
- There is no stop loss, and the bounded order ladder still leaves downside exposure if price keeps falling.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.