SOL Long-Only RSI Strategy with Fixed-Step Dollar-Cost Averaging

Summary

This SOLUSDT perpetual strategy is a long-only averaging framework. Its entry filter is a 14-period RSI below 28 on a four-hour timeframe. After a base order, it places up to five additional orders at fixed price declines from the base entry: 2%, 5%, 9.5%, 16%, and 25%. The listed order sizes increase by roughly 1.8 times at each step. A fixed take-profit closes the position when price reaches 3% above the average entry; the header specifies no trailing exit and no stop loss.

The script comments estimate that filling every added order would deploy about $20,633 against $100,000 in capital, and warn that exposure is bounded by the final ladder rung rather than by a stop. These are design figures, not evidence of trading performance. The visible code describes calibration for BYBIT SOLUSDT perpetuals on a four-hour chart and includes fees and slippage assumptions. The supplied document ends partway through the script, so later execution, alert, and exit details cannot be assessed from this excerpt. RSI-triggered entries and averaging down can leave substantial downside exposure during a prolonged decline.

Key ideas

• The strategy opens long positions when four-hour RSI(14) falls below 28.
• It adds up to five orders at preset declines from the base entry, with increasing order sizes.
• A fixed 3% profit target is measured from average entry, and the design has no stop loss.
• The stated maximum deployment estimate is about $20,633 against $100,000 in capital.
• The excerpt reports no trading results and is incomplete, limiting assessment of implementation details.

Tags

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