RSI DCA Strategy by BurbinLee
By BurbinLee
Performance Metrics
- Author: BurbinLee
- Symbol: BINANCE:NEARUSDT.P
- Timeframe: 1 day
- Net P&L: +859.12 USDT (+85.91%)
- Win Rate: 56.7%
- Profit Factor: 1.804
- Max Drawdown: 418.93 USDT (27.81%)
- Total Trades: 60
Description
This strategy combines RSI oversold signals with a Dollar-Cost Averaging (DCA) buying approach.Trigger:When the RSI (Relative Strength Index) crosses below 30, the strategy marks an oversold condition.DCA Entry:Once triggered, the strategy executes up to three consecutive daily entries (1 per day), splitting the predefined capital equally (configurable by user).Position Management:Take Profit at a configurable % above the average entry price.Stop Loss at a configurable % below the average entry price.Exit Conditions:The strategy automatically exits either on reaching Take Profit or Stop Loss.Visualization:RSI plotted with oversold line (30).Take Profit and Stop Loss lines displayed after entry.Performance Reporting:Includes an optional monthly performance table for evaluating results by month.Note:This strategy is for testing RSI-based mean reversion with staggered entries. It is not financial advice and should be optimized and validated for each market or timeframe before practical use.