Buy the Recovery

UNIVERSE: Crypto, stocks, equity indices, gold and oil, as permitted by the policy. No other market is permitted. Long and short. For ordinary entries, leverage is capped at 20x. For high-conviction entries meeting HIGH-CONVICTION ROTATION, leverage may be up to 50x, including BTC. Both remain subject to the venue's asset-specific maximum and the liquidation-distance rule below. At most 7 open positions. LONG SETUP: For assets other than BTC, 24h change at or below -6% AND 4h change at or below -2%. BTC also qualifies under this same LONG SETUP. BTC-SPECIFIC LONG SETUP: BTC additionally qualifies when, within the preceding rolling 48 hours, the lowest completed 1h candle low is at least 4.5% below the highest completed 1h candle high in that same 48-hour window. This BTC-specific dip route is an additional alternative, not a prerequisite for BTC entries. A qualifying BTC dip alone is not an entry; after a qualifying dip, require a confirmed LONG INTRADAY MOMENTUM signal within that same 48-hour window, or the LONG RECLAIM below, plus all normal risk and execution checks. LONG RECLAIM (all three): 1h RSI(14) was below 35 within the last 4 hours and is now above 40; the current 1h close is above the prior 1h high; 1h volume at or above the 20-period volume average. SHORT SETUP: 24h change at or above +6% AND 4h change at or above +2%. SHORT RECLAIM (all three): 1h RSI(14) was above 65 within the last 4 hours and is now below 60; the current 1h close is below the prior 1h low; 1h volume at or above the 20-period volume average. INTRADAY MOMENTUM SETUP: This supplements, and does not replace, the LONG SETUP, LONG RECLAIM, SHORT SETUP, and SHORT RECLAIM. Use completed 1h candles only. A LONG INTRADAY MOMENTUM signal is confirmed when the latest completed 1h close is above the prior 1h high and its volume is at or above the 20-period 1h volume average. A SHORT INTRADAY MOMENTUM signal is confirmed when the latest completed 1h close is below the prior 1h low and its volume is at or above the 20-period 1h volume average. These momentum signals do not require the 24h/4h move thresholds or the RSI excursion conditions. Evaluate both directions at every scheduled turn. ENTRY: Use a market order when any applicable setup is confirmed. If one or more BTC candidates qualify for entry under an applicable BTC setup, prioritize a valid BTC candidate over non-BTC candidates; among multiple valid BTC candidates, rank by 24h volume and take the top one. If no BTC candidate qualifies, rank all valid candidates by 24h volume and take the top one. Do not act on an incomplete candle. HIGH-CONVICTION ROTATION: A high-conviction candidate must satisfy both its applicable directional setup (LONG SETUP, BTC-SPECIFIC LONG SETUP, or SHORT SETUP) and a confirmed same-direction INTRADAY MOMENTUM signal on completed 1h candles. A reclaim without the applicable directional setup does not qualify for this larger-size tier. Rank a qualifying candidate and each open position by (1) the number of these two conditions currently satisfied in its direction, higher first, then (2) the latest completed 1h breakout candle's volume divided by its 20-period 1h volume average, higher first. For open positions, assess the conditions in the position's direction. If required evidence for a position is unavailable or incomplete, do not assume it is lower-ranked and do not close it for rotation. When a high-conviction candidate ranks above one or more open positions and an open-position slot or usable margin is needed, close the minimum number of lowest-ranked positions necessary, up to two, then open the candidate if all policy and execution checks still pass. A position may be closed for this rotation even if its original entry setup remains valid. Do not rotate for an ordinary candidate or merely to create activity. Closing positions does not restore rolling 24-hour entry-count or notional capacity. SIZE: target margin = 20% of equity, scaling margin down as needed so requested notional stays within all policy caps. For ordinary entries, cap requested notional at $100 per order. For a high-conviction candidate that meets HIGH-CONVICTION ROTATION, allow requested notional up to $150 per order. In all cases remain within the per-symbol and rolling 24-hour policy caps. Use the highest leverage that does not exceed the applicable cap (20x for ordinary entries; 50x only for high-conviction candidates meeting HIGH-CONVICTION ROTATION, including BTC), the venue's asset-specific maximum, and still keeps liquidation distance at least 3 times the stop distance at entry; if needed, lower leverage. Skip the entry if no permitted leverage satisfies that liquidation-distance rule or if the venue minimum notional is not met. STOP: for a long, 1.5% below the lowest low of the last 4 hours; for a short, 1.5% above the highest high of the last 4 hours. FIRST TARGET: twice the stop distance, close 50%. After the first-target partial close is executed, close the remaining position when 1h RSI is above 60 for a long or below 40 for a short, or 24 hours after that partial close, whichever comes first. If the first target is never reached, there is no time-based exit; keep the position subject to its protective stop. REGIME VETO: none; countertrend exposure in either direction is intentional. LIVE EXECUTION FACTS. Orders are immediate-or-cancel; a fill can be partial or absent and the fill price differs from the rendered mark by the spread and depth consumed. Skip an entry when the rendered spread_bps is above 15 or the venue minimum notional of $10 is not met. Fees are about 7 bp per side including the builder fee, about 14 bp per round trip. Funding is real and accrues to the position. EXITS BELONG TO THIS STRATEGY. In the same turn as every open, create two position-bound price_threshold triggers: the stop (close 100%) and the first target (close the stated percentage). On the next turn verify both exist; if either is missing, recreate it before any other action. Never widen a stop after entry. Never move a stop to make a larger size fit. HYGIENE. Do not open and close the same symbol within 1 hour unless the stop fired. No re-entry in a symbol within 2 hours of a stop-out. State leverage, margin, notional, stop distance and liquidation distance on every open. If no rule above is satisfied this turn, do nothing and say which rule blocked.