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The CofiBitStrategy is a trading strategy implemented in Python for backtesting on a trading platform. It aims to generate buy and sell signals based on technical analysis indicators. Here is a brief explanation of what the strategy does:
The strategy uses the 5-minute timeframe for analyzing price data.
It calculates several indicators to assist in decision-making, including: Stochastic Fast oscillator (STOCHF) with parameters (5, 3, 0, 3, 0).
The resulting 'fastk' and 'fastd' values are used.
Exponential Moving Averages (EMA) with a time period of 5 on high, close, and low prices. Average Directional Index (ADX) to gauge the strength of the trend. For generating buy signals: If the opening price is below the EMA of the low price, And if the 'fastk' crosses above the 'fastd', And if both 'fastk' and 'fastd' are below 30, And if the ADX is above 30, Then a buy signal is triggered. For generating sell signals: If the opening price is above or equal to the EMA of the high price, Or if either 'fastk' or 'fastd' crosses above 70, Then a sell signal is triggered. The strategy also specifies certain parameters: Minimal ROI (Return on Investment) levels at different time intervals. An optimal stop-loss value (-0.05) to limit potential losses. Please note that this is a brief description of the strategy, and there may be additional details or considerations when using it in practice.
It calculates several indicators to assist in decision-making, including: Stochastic Fast oscillator (STOCHF) with parameters (5, 3, 0, 3, 0).
The resulting 'fastk' and 'fastd' values are used.
Exponential Moving Averages (EMA) with a time period of 5 on high, close, and low prices. Average Directional Index (ADX) to gauge the strength of the trend. For generating buy signals: If the opening price is below the EMA of the low price, And if the 'fastk' crosses above the 'fastd', And if both 'fastk' and 'fastd' are below 30, And if the ADX is above 30, Then a buy signal is triggered. For generating sell signals: If the opening price is above or equal to the EMA of the high price, Or if either 'fastk' or 'fastd' crosses above 70, Then a sell signal is triggered. The strategy also specifies certain parameters: Minimal ROI (Return on Investment) levels at different time intervals. An optimal stop-loss value (-0.05) to limit potential losses. Please note that this is a brief description of the strategy, and there may be additional details or considerations when using it in practice.
stoploss: -0.05 timeframe: 5m hash(sha256): 5d96c1103211523521ce5a92f187415ee60dabfa5a250e258ea82985e7daa86d indicators: ema_close adx ema_high open ema_low fastd fastk
No similar strategies found. (based on used indicators)
last change: 2023-07-05 04:44:02