Triple-RSI Dollar-Cost Averaging for Long Crypto Positions

Summary

This document describes a single-pair implementation of a long-only dollar-cost-averaging strategy driven by three RSI signals. The base order starts when a 14-period RSI on a 15-minute chart crosses above 30. Additional safety orders require a rebound signal from either a slower RSI on a 30-minute chart or a faster RSI on a 5-minute chart, and are gated by progressively larger price declines from the base-order price. Safety-order size increases by a fixed multiplier, while the deal exits at a percentage profit target measured from the average position price.

The configuration describes three safety orders, no stop loss, and no leverage assumption. It also gives an approximate maximum per-pair position notional and exchange-specific commission references, emphasizing that fees should be adjusted to the venue. The script is presented as a replica of bot logic for one symbol per chart, with comments about adapting it for spot or derivatives. The supplied text is truncated before the full implementation and contains no backtest results, so it does not show how the strategy performs. Averaging down without a stop can leave substantial exposure during sustained declines.

Key ideas

• The base long position is triggered by an RSI rebound above an oversold threshold on a 15-minute chart.
• Safety orders require either of two RSI rebound signals and a price decline from the initial order level.
• Safety-order size and price spacing increase according to configurable multipliers.
• The described deal closes at a percentage profit target from the average position price and has no stop loss.
• The document provides configuration details but no evidence of backtested performance.

Tags

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