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The RSI_MFI strategy is a trading strategy that combines the Relative Strength Index (RSI), the Money Flow Index (MFI), and the Rate of Change (ROC) indicators to generate buy and sell signals. Here's a breakdown of how the strategy works:
Indicator Calculation:
The strategy calculates the RSI, MFI, and ROC indicators using the provided time periods (8 for RSI and ROC, and 4 for MFI). These indicators help identify potential buying and selling opportunities in the market.
Buy Signal Generation: The strategy generates a buy signal when the following conditions are met: RSI value is less than or equal to the specified buy_rsi parameter.
MFI value is less than or equal to the specified buy_mfi parameter.
ROC value is less than or equal to -1 (a guard condition). Volume is greater than 0. Sell Signal Generation: The strategy generates a sell signal when the following conditions are met: RSI value is greater than or equal to the specified sell_rsi parameter. MFI value is greater than or equal to the specified sell_mfi parameter. ROC value is greater than or equal to 1 (a guard condition). Volume is greater than 0. Risk Management: The strategy includes a stoploss parameter set to -0.99, which means that if the trade goes against the position by 99%, it will be automatically closed to limit losses. There is an optional trailing stop feature enabled, which trails the stoploss as the trade moves in a profitable direction. Timeframe and Order Types: The strategy is optimized for a timeframe of 5 minutes. The order types used for buying and selling are limit orders, while the stoploss order is set as a market order. The strategy does not use stoploss orders placed directly on the exchange. ROI (Return on Investment): The strategy includes a minimal_roi parameter, which specifies a table of target returns at different points in time. In this case, the only target return specified is 10% at position 0. Additional Settings: The strategy can use sell signals for profit-taking only. The sell_profit_offset parameter is set to 0.0, indicating that no offset is used for sell profit-taking. The strategy does not ignore the ROI table when a buy signal is generated. The process_only_new_candles parameter is set to False, which means that indicators will be calculated for all candles instead of just new ones. Overall, the RSI_MFI strategy aims to identify potential buying and selling opportunities based on the RSI, MFI, and ROC indicators, while also considering risk management through stoploss and trailing stop features.
Buy Signal Generation: The strategy generates a buy signal when the following conditions are met: RSI value is less than or equal to the specified buy_rsi parameter.
MFI value is less than or equal to the specified buy_mfi parameter.
ROC value is less than or equal to -1 (a guard condition). Volume is greater than 0. Sell Signal Generation: The strategy generates a sell signal when the following conditions are met: RSI value is greater than or equal to the specified sell_rsi parameter. MFI value is greater than or equal to the specified sell_mfi parameter. ROC value is greater than or equal to 1 (a guard condition). Volume is greater than 0. Risk Management: The strategy includes a stoploss parameter set to -0.99, which means that if the trade goes against the position by 99%, it will be automatically closed to limit losses. There is an optional trailing stop feature enabled, which trails the stoploss as the trade moves in a profitable direction. Timeframe and Order Types: The strategy is optimized for a timeframe of 5 minutes. The order types used for buying and selling are limit orders, while the stoploss order is set as a market order. The strategy does not use stoploss orders placed directly on the exchange. ROI (Return on Investment): The strategy includes a minimal_roi parameter, which specifies a table of target returns at different points in time. In this case, the only target return specified is 10% at position 0. Additional Settings: The strategy can use sell signals for profit-taking only. The sell_profit_offset parameter is set to 0.0, indicating that no offset is used for sell profit-taking. The strategy does not ignore the ROI table when a buy signal is generated. The process_only_new_candles parameter is set to False, which means that indicators will be calculated for all candles instead of just new ones. Overall, the RSI_MFI strategy aims to identify potential buying and selling opportunities based on the RSI, MFI, and ROC indicators, while also considering risk management through stoploss and trailing stop features.
stoploss: -0.99 timeframe: 5m hash(sha256): e185edbf012e77b7e645ba7d91ab12768652ed2b556cfc0e471ffea37b3ae3d5 indicators: roc mfi volume rsi
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last change: 2022-07-11 11:08:11