XRP RSI Oversold Entries with Fixed DCA Orders and Take Profit

Summary

This long-only strategy for XRP perpetuals arms an entry when the 4-hour RSI(14) falls below 28. It starts with a base order, then adds up to five safety orders at fixed price declines from the base entry. The default order sizes grow at roughly 1.8 times per rung, while the ladder stops adding after its final order. The exit closes the full position when price reaches a fixed percentage above the average entry.

The script describes a configurable implementation with a 3% take-profit default, optional limit entry, a backtest date window, and alerts intended for a DCA bot. It states that the default ladder can deploy about $20,633, around 20.6% of a $100,000 account. This is a design specification, not evidence of profitability: no performance results are supplied. There is no stop loss, so losses can persist if the market keeps falling beyond the last averaging order; the stated exposure depends on the configured sizes and account capital.

Key ideas

• The base long entry is triggered by a 4-hour RSI reading below 28.
• Five averaging orders are placed at preset declines measured from the original base entry.
• Order sizes increase by roughly 1.8 times across the default ladder.
• The strategy closes at a fixed profit target above average entry and has no stop loss.
• The stated maximum deployment is about $20,633 with the default sizes.

Tags

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