XMR Short Strategy Using RSI Rollover and Averaging Orders

Summary

This short-only strategy for the XMR/USDT perpetual contract starts a trade when a five-minute RSI with a nine-period lookback crosses down through 80. It can use a limit or market base entry, then add up to three equal-sized averaging orders at successive percentage levels above the base entry. The exit logic uses a hard stop above the average entry and a take-profit threshold that arms a trailing exit after price moves favorably.

The script also includes order sizing inputs, commission and slippage assumptions, an optional backtest date window, chart displays, and alert messages for a 3Commas bot. It supplies implementation details and default parameters, but no actual backtest results or evidence that the setup is profitable. Averaging into a rising short increases exposure, and the stated stop logic is evaluated against bar closes, so live execution and intrabar behavior may differ from a backtest.

Key ideas

• A short entry is triggered by a five-minute RSI crossing down through 80.
• Up to three averaging orders are placed at preset price deviations above the base entry.
• The exit combines a hard stop with a trailing take-profit mechanism.
• Sizing, execution costs, and the backtest period can be configured.
• The document gives no performance results, and averaging can increase exposure as price rises.

Tags

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