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Hello to everyone who follows our activities!
Today we want to analyze the current open trades made by our bot.
So, let's begin.
At the moment, we have two open positions: see attachment.
Our Bot logic:
The bot opens long positions when RSI values are favorable and averages the entry during drawdowns. Trades are closed if:
Profit > 1.1%
RSI (5m) > 65 — this is a signal of local overbought conditions, which is the optimal point for taking profits.
Why are the trades still open?
PNL for both positions remains negative, meaning that the criterion of >1.1% profit has not yet been met.
RSI (5m) has not reached 65, so the market is not showing signs of being overbought.
Conclusion:
The bot sticks to its strategy and does not close positions prematurely, waiting for:
price recovery,
a confirming signal on the RSI.
And remember!
DCA + RSI is not about impulses, but about endurance and consistency!
Your SteadyGrowth team!