Bigbaldy RSI for DCA triggers an initial entry when the RSI drops below a specified oversold limit and price is under a maximum price cap. As price falls, it calculates simulated safety order scale-ins with custom step deviations and volume multipliers to determine an average entry price. The strategy exits when price reaches a percentage profit target relative to the calculated mean price. It draws safety fill labels and a summary text display on the chart, but contains no stop loss.
RSI oversold entry condition
Simulated DCA safety order scale-in logic
Volume and step deviation scale multipliers
Target percentage profit exit mechanism
On-chart status labels for mean price and buy count
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
startTime
time
timestamp("08 01 2021 00:00 +0800")
startTime
endTime
time
timestamp("01 01 2100 00:00 +0800")
endTime
Show Date Range
bool
true
showDate
Show Time Entry
bool
true
showTimeE
Show Time Exit
bool
true
showTimeX
length
int
7
length
overSold
int
50
overSold
deviation
float
1.2
deviation
deviationScale
float
1.0
deviationScale
fillMaxCount
int
6
fillMaxCount
volumeScale
float
1.3
volumeScale
targetProfit
float
1.2
targetProfit
Show all 16 settings
Setting
Type
Default
Variable
maxPrice
float
20.0
maxPrice
Show Range
bool
false
showRange
openNewTradeAsap
bool
false
openNewTradeAsap
Lable Height
int
10
lableHeight
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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