The Scalp strategy is designed to generate multiple potential buy signals and make small profits on each trade. Here are the important points about this strategy:
The strategy aims for a minimal return on investment (ROI) of 0.01 (1%). The stoploss is set at -0.04 (4% loss), indicating that trades should be exited if the price drops by more than 4%.
The strategy operates on a ticker interval of 1 minute, meaning it analyzes price data at 1-minute intervals.
The strategy uses several indicators to make trading decisions, including exponential moving averages (EMA), stochastic oscillator (STOCHF), average directional index (ADX), and Bollinger Bands.
The buy signals are generated when the following conditions are met: The opening price is below the EMA low. The ADX value is above 30, indicating a strong trend. The fast %K and %D lines of the stochastic oscillator are both below 30 and have crossed above each other. The sell signals are triggered when one of the following conditions is met: The opening price is equal to or above the EMA high. The fast %K or %D line of the stochastic oscillator crosses above 70. To ensure sufficient coverage for unavoidable losses, it is recommended to have at least 60 parallel trades active at any given time. Additionally, the strategy suggests selling based on ROI rather than other criteria.
The strategy operates on a ticker interval of 1 minute, meaning it analyzes price data at 1-minute intervals.
The strategy uses several indicators to make trading decisions, including exponential moving averages (EMA), stochastic oscillator (STOCHF), average directional index (ADX), and Bollinger Bands.
The buy signals are generated when the following conditions are met: The opening price is below the EMA low. The ADX value is above 30, indicating a strong trend. The fast %K and %D lines of the stochastic oscillator are both below 30 and have crossed above each other. The sell signals are triggered when one of the following conditions is met: The opening price is equal to or above the EMA high. The fast %K or %D line of the stochastic oscillator crosses above 70. To ensure sufficient coverage for unavoidable losses, it is recommended to have at least 60 parallel trades active at any given time. Additionally, the strategy suggests selling based on ROI rather than other criteria.
stoploss: -0.04 timeframe: 1m hash(sha256): a02a4c237f8b7dad7f3653af4ef7a9f3d84c343ed5b56ab16f16e8c971ab050d indicators: upper ema_close adx lower mid ema_high close bb_middleband bb_upperband bb_lowerband open ema_low fastd fastk
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last change: 2024-04-28 16:15:03