Triple-RSI DCA Long with Signal-Gated Safety Orders

Summary

This single-pair long strategy combines RSI entry signals with a dollar-cost-averaging ladder. It opens a base position when a 14-period RSI on a configurable timeframe crosses above 30. Additional safety orders require price to fall below progressively wider levels measured from the base entry, along with an RSI cross above 30 on either of two other timeframes. Order sizes increase by a configurable multiplier, and the position exits at a percentage profit target calculated from its average entry price.

The script describes its default order sizing, three safety orders, deviation spacing, target, commissions, and assumed unleveraged use. It also offers an optional date window and alert conditions. These are strategy parameters and implementation details, not evidence of profitability: the supplied text gives no backtest results. The design has no stop loss, so losses can remain open if price keeps falling or fails to reach the target. Its Pine implementation trades one symbol per chart, and the author advises adjusting commission assumptions to match the venue.

Key ideas

• The base long order is triggered by an RSI cross above an oversold threshold on a selected timeframe.
• Safety orders require both a sufficient price decline from the base entry and an RSI signal on one of two timeframes.
• Safety-order sizes and price gaps increase geometrically according to separate multipliers.
• The strategy closes the full position at a profit target measured from its calculated average entry price.
• The script disables stop losses and models one symbol at a time, so exposure and drawdown assumptions matter.

Tags

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