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The BBRSI strategy is a trading strategy that uses Bollinger Bands and the Relative Strength Index (RSI) as indicators to generate buy and sell signals. Here's a breakdown of what the strategy does:
Indicators:
RSI: Calculates the RSI indicator based on the price data. Bollinger Bands: Calculates the upper, middle, and lower bands of the Bollinger Bands indicator using the typical price.
Buy Signal: The strategy generates a buy signal when the following conditions are met: The closing price of the current candle is above the lower Bollinger Band.
The closing price of the previous candle is below the lower Bollinger Band.
The RSI value is below 50. Sell Signal: The strategy generates a sell signal when either of the following conditions is met: The closing price of the current candle is above the upper Bollinger Band. The RSI value is above 60. The strategy aims to take advantage of potential price reversals when the price reaches extreme levels as indicated by the Bollinger Bands and RSI. It uses a fixed minimal ROI target and stop loss for risk management. The strategy is designed to be applied on hourly candlestick data. Please note that the strategy is provided as a default strategy by the Freqtrade bot, and you have the option to override it with your own custom strategy.
Buy Signal: The strategy generates a buy signal when the following conditions are met: The closing price of the current candle is above the lower Bollinger Band.
The closing price of the previous candle is below the lower Bollinger Band.
The RSI value is below 50. Sell Signal: The strategy generates a sell signal when either of the following conditions is met: The closing price of the current candle is above the upper Bollinger Band. The RSI value is above 60. The strategy aims to take advantage of potential price reversals when the price reaches extreme levels as indicated by the Bollinger Bands and RSI. It uses a fixed minimal ROI target and stop loss for risk management. The strategy is designed to be applied on hourly candlestick data. Please note that the strategy is provided as a default strategy by the Freqtrade bot, and you have the option to override it with your own custom strategy.
startup_candle_count : 200 Recursive Analysis found no issues while using 200 startup_candle_count
stoploss: -0.143 timeframe: 1h hash(sha256): 07744adcef42e8584751bc3fe9db53c9146eca7559cc1a525b9dfce3ac9d8d14 indicators: upper bb_middleband3 asks close bb_middleband2 volume bb_upperband4 best_ask bb_upperband2 bids bb_upperband1 mid bb_lowerband4 rsisell bb_lowerband3 best_bid lower bb_lowerband1 bb_middleband4 bb_middleband1 rsi bb_upperband13 bb_lowerband2
Similar Strategies: (based on used indicators)
Strategy: bbrsi, Similarity Score: 95.83%
last change: 2023-07-01 22:06:39