Two-Entry RSI DCA Strategy with Price Filters and Optional Exits

Summary

This long-only strategy combines an RSI oversold trigger with price thresholds for two staged entries. The first entry requires RSI to cross below its oversold level while price is at or below a user-set limit. After that fill, the script calculates a second entry level a configurable percentage lower; a second oversold cross and a price at or below that level are both required before adding to the position. The source describes use on stocks, ETFs, and futures, and notes testing for micro Nasdaq futures.

Exits can include a take-profit limit and optional stop based on average position price, plus an optional close when RSI crosses above an overbought threshold. The code uses market entries and includes commission and slippage assumptions in its strategy settings. It shows dashboard fields for trade statistics, but supplies no actual results or validation in the document. The fixed first-entry price, instrument-specific sizing, execution assumptions, and potential gaps or missed signals limit how directly the example transfers across markets.

Key ideas

• The first long entry requires both an oversold RSI cross and price at or below a fixed limit.
• A second entry requires a new oversold cross at a preset percentage below the first fill.
• Take-profit and stop orders are based on the position’s average price and can be toggled.
• An overbought RSI cross can close the full position when that exit is enabled.
• The document provides code settings but no performance evidence for the strategy.

Tags

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