SOL RSI DCA with Fixed Averaging Orders and a Fixed Profit Target

Summary

This is a long-only averaging strategy for SOL that opens a base position when four-hour RSI falls below a configurable threshold. If price declines further, it adds up to five orders at fixed percentage distances from the base entry, with order sizes that increase by rung. The strategy closes the position when price reaches a fixed percentage above the updated average entry; it has no stop loss or trailing exit. It also includes a date window, chart levels, and webhook alerts for a trading bot.

The document states that the RSI and profit target were optimizer-tuned and gives default ladder and sizing parameters, but provides no backtest results or evidence of robustness. Exposure can grow substantially if every averaging order fills, and losses are not bounded by a stop. The settings are calibrated for a specific SOL perpetual market and four-hour timeframe, so performance may not transfer to other conditions. Fees and slippage are configured, but the code and parameter choices still require independent validation.

Key ideas

• A four-hour RSI threshold triggers a base long entry.
• Up to five averaging orders activate at fixed drawdowns from the base entry, with larger sizes at deeper levels.
• The exit is a fixed gain above the average position price, with no stop loss or trailing stop.
• The ladder limits the number of additional orders, but a full fill can require substantial capital.
• The document reports optimizer tuning but does not provide performance evidence or establish robustness.

Tags

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