Oversold LTC Dollar-Cost Averaging with Doubling Safety Orders

Summary

This long-only strategy for LTC against USDT arms an entry when a 14-period RSI on a four-hour timeframe falls below 29 and the chart close is under a configurable price ceiling, set to $61 by default. After the base order, it can add four averaging orders at fixed declines of 2.5%, 5%, 10%, and 20% from the base entry. Their default dollar sizes double at each step. The strategy closes the position at a fixed take-profit above its average entry, with a 35% default target.

The script includes a date window, configurable sizing, estimated fees and slippage, and webhook alerts for a bot integration. It has no stop loss or trailing exit. The author explicitly characterizes the default ladder as aggressive, with maximum deployment of $31,000 against $100,000 initial capital if all orders fill. These are strategy settings, not evidence of profitability; no performance results are provided. Losses can grow substantially during a continued decline, and the RSI and price filters do not cap that exposure.

Key ideas

• The base long entry requires a low four-hour RSI and a close below a configurable price ceiling.
• Four averaging orders trigger at fixed percentage declines from the base entry, with default sizes that double by rung.
• The exit is a fixed take-profit measured above the position's average entry, with no stop loss or trailing rule.
• The default full ladder can deploy $31,000 against $100,000 initial capital, which the document describes as aggressive.
• Webhook alerts support sending entry, add-funds, and close actions to a trading bot.

Tags

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