RSI Ladder TP Strategy v1.0 by ORYXA
By ORYXA
Performance Metrics
- Author: ORYXA
- Symbol: BINANCE:STXUSDT.P
- Timeframe: 15 minutes
- Net P&L: +58.36 USDT (+5.84%)
- Win Rate: 82.6%
- Profit Factor: 1.84
- Max Drawdown: 197.22 USDT (19.19%)
- Total Trades: 155
Description
OverviewThis strategy is an RSI-based reversal entry system with a ladder-style take-profit mechanism.It supports Long-only, Short-only, or Both directions and provides optional Average Entry Price, Stop Loss, and Take Profit reference lines on the chart.Entry RulesLong Entry: RSI crosses above the Oversold level (default: 20).Short Entry: RSI crosses below the Overbought level (default: 80).Optional: If enabled, the script will close the current position when an opposite signal appears before opening a new one.Exit Rules (Ladder Take Profit)Take profit is placed as a ladder using tpLevels and tpStepPct.Example (default tpStepPct = 1%, tpLevels = 10):TP1 at +1%, TP2 at +2%, … TP10 at +10% (relative to current average entry price).Each TP level closes tpClosePct of the remaining position, meaning it scales out geometrically:If tpClosePct = 50% → remaining position becomes 50%, then 25%, then 12.5%, etc.Stop LossOptional stop loss is placed at slPct (%) away from the average entry price:Long: avg * (1 - slPct%)Short: avg * (1 + slPct%)Visual LinesAverage Entry Price Line: current strategy.position_avg_priceStop Loss Line: based on slPctNext TP Line: shows the estimated next TP level based on current profit%All TP Lines: optional (can clutter the chart)==============================================================Recommended UseThis strategy is best used on markets with strong mean-reversion behavior.For exchanges/bots that do not support hedge mode in a single strategy, run two separate instances:One set to Long OnlyOne set to Short Only