This strategy uses the Relative Strength Index (RSI) to automate trading decisions. Key features include:
Buy signals: Triggered when RSI crosses below an oversold level (default 28.5). Position sizing: Each trade is 6.6% of total equity. Pyramiding: Allows up to 15 additional positions on repeated signals. Profit-taking: Closes 50% of the position when price reaches a set target (default 900% gain). Visualization: Plots buy/sell signals, RSI, entry price, and target price on the chart. Flexibility: Adaptable to different initial capitals and risk preferences.
The strategy aims to capitalize on oversold market conditions, with built-in risk management through position sizing. Users can optimize performance by adjusting RSI parameters, profit targets, and pyramiding limits.