The "Low_BB" strategy is designed to backtest a trading strategy based on Bollinger Bands and a trailing stop loss. Here is a short description of what the strategy does:
The strategy uses Bollinger Bands to identify potential buy signals. It calculates the lower, middle, and upper Bollinger Bands based on the typical price of the asset.
The strategy generates a buy signal when the closing price of the asset crosses below 0.98 times the lower Bollinger Band.
Once a buy signal is generated, the strategy does not specify any specific conditions to sell.
It assumes that a trailing stop loss will be used to manage the exit. The strategy defines a minimal return on investment (ROI) for the backtest. It specifies different ROI values for different time periods, ranging from 0.9 for a holding period of 0 to 0.5 for a holding period of 15. The strategy sets a stop loss level of -0.015, which means that if the price drops by 1.5% from the entry price, the position will be sold. The strategy is designed to work with ticker intervals of 1 minute. Overall, the strategy aims to identify potential buying opportunities when the price is near the lower Bollinger Band and allows for flexible selling using a trailing stop loss.
The strategy generates a buy signal when the closing price of the asset crosses below 0.98 times the lower Bollinger Band.
Once a buy signal is generated, the strategy does not specify any specific conditions to sell.
It assumes that a trailing stop loss will be used to manage the exit. The strategy defines a minimal return on investment (ROI) for the backtest. It specifies different ROI values for different time periods, ranging from 0.9 for a holding period of 0 to 0.5 for a holding period of 15. The strategy sets a stop loss level of -0.015, which means that if the price drops by 1.5% from the entry price, the position will be sold. The strategy is designed to work with ticker intervals of 1 minute. Overall, the strategy aims to identify potential buying opportunities when the price is near the lower Bollinger Band and allows for flexible selling using a trailing stop loss.
stoploss: -0.015 timeframe: 1m hash(sha256): 1d1c8472eb95d6e5114b7f87b58e25121133c09b71bc2c643c574a0211cc9744 indicators: macdsignal upper mid lower bb_middleband close bb_upperband bb_lowerband macd macdhist
No similar strategies found. (based on used indicators)
last change: 2024-04-27 23:55:11