Need super basic prototype: Averaging down, with last hope recovery

Algo:

1.       Go long on trigger (example: RSI under 30 turns up)

2.       Close position when RSI above 70 turns down, if profit.

3.       If position negative, average down

4.       Last hope recovery system: Use the last available equity to open 1 counter position, recover the DD and finish with a slight profit

5.       If prices turn back up again after the counter position is open, do not close the counter position; just let the averaging system close when it reaches its profit zone.

The core of the prototype is the calculation of Value at Risk and remaining equity: Always have enough funds to open a counter position that will mature when reaching a certain number of pips.

Those values must appear on screen.

Variables:

-          RSI min/max

-          Minimum steps between averaging positions

-          Number of pips to use as target, for counter position to reach full value

This prototype is for purpose of observation, not supposed to work or trade. So let me know how much time you need and how you will approach the calculation for value at risk and remaining equity. It’s not difficult, I just want to make sure we are on the same page.

Thanks