RSI-Gated DCA Long Strategy with a Fixed Profit Target

Summary

This strategy enters long after a lower-timeframe RSI crosses below an oversold threshold. If price falls further, it can add up to four safety orders at progressively wider price levels, but only while RSI remains below a second oversold threshold. The order sizes also grow geometrically, increasing exposure as the position averages down.

The exit is a fixed take-profit target above the position’s average entry price. The script also includes configurable sizing, a date window, chart displays, and webhook alerts. Its defaults are presented as calibrated for DOGE/USDT on a two-hour chart, with a stated maximum deployment of 1,000 USDT across the base order and safety orders. No performance results are provided. The strategy has no stop loss, so the bounded order ladder limits planned capital deployment but does not itself cap losses if price keeps falling; behavior also depends on the RSI and price triggers, execution assumptions, and chosen settings.

Key ideas

• A long position begins when lower-timeframe RSI crosses down through its configured entry level.
• Safety orders require both a price decline to the next ladder level and RSI below a separate threshold.
• Safety-order distances and sizes increase geometrically according to configurable multipliers.
• The position closes at a fixed profit target measured from its average entry price.
• There is no stop loss, and the document supplies no backtest results.

Tags

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