The ScalpingCCI strategy is designed to generate a large number of potential buy signals and make small profits on each trade. The strategy focuses on short-term trading and aims to take advantage of small price movements. Key elements of the strategy include:
Minimal ROI: The strategy is designed with a minimal return on investment (ROI) target.
The specific ROI levels are defined in the minimal_roi attribute of the strategy.
Stoploss: The strategy includes an optimal stop-loss level, which is the maximum tolerable loss for a trade.
The stop-loss level is defined in the stoploss attribute of the strategy. Ticker interval: The strategy operates on a specific ticker interval, which determines the duration of each candlestick or data point used for analysis. The ticker interval is set to '15' in this case. The strategy utilizes various technical indicators for analysis, including: Simple Moving Average (SMA): Calculates the average closing price over a specified period (20 in this case). Moving Average Convergence Divergence (MACD): A trend-following momentum indicator that shows the relationship between two moving averages of a security's price. Pivot Calculation: Calculates the pivot, BC (Bullish Center), and TC (Takeoff Center) levels based on the high, low, and close prices. The strategy uses these indicators to generate buy and sell signals: Buy Trend: The strategy identifies buy signals when the following conditions are met: The closing price is above the SMA. The MACD line crosses above the MACD signal line. The closing price is above the pivot, BC, and TC levels. The current pivot, BC, and TC levels are higher than their respective levels 97 periods ago. Sell Trend: The strategy identifies sell signals when either of the following conditions is met: The opening price is equal to or higher than 98% of the daily high price. The MACD line crosses below the MACD signal line. It is recommended to have a sufficient number of parallel trades (at least 60) to cover unavoidable losses. The strategy suggests selling based on ROI, focusing on achieving the target returns specified in the minimal_roi attribute. Please note that this description provides a general overview of the strategy. Further analysis and testing may be required to assess its effectiveness and suitability for specific trading scenarios.
The specific ROI levels are defined in the minimal_roi attribute of the strategy.
Stoploss: The strategy includes an optimal stop-loss level, which is the maximum tolerable loss for a trade.
The stop-loss level is defined in the stoploss attribute of the strategy. Ticker interval: The strategy operates on a specific ticker interval, which determines the duration of each candlestick or data point used for analysis. The ticker interval is set to '15' in this case. The strategy utilizes various technical indicators for analysis, including: Simple Moving Average (SMA): Calculates the average closing price over a specified period (20 in this case). Moving Average Convergence Divergence (MACD): A trend-following momentum indicator that shows the relationship between two moving averages of a security's price. Pivot Calculation: Calculates the pivot, BC (Bullish Center), and TC (Takeoff Center) levels based on the high, low, and close prices. The strategy uses these indicators to generate buy and sell signals: Buy Trend: The strategy identifies buy signals when the following conditions are met: The closing price is above the SMA. The MACD line crosses above the MACD signal line. The closing price is above the pivot, BC, and TC levels. The current pivot, BC, and TC levels are higher than their respective levels 97 periods ago. Sell Trend: The strategy identifies sell signals when either of the following conditions is met: The opening price is equal to or higher than 98% of the daily high price. The MACD line crosses below the MACD signal line. It is recommended to have a sufficient number of parallel trades (at least 60) to cover unavoidable losses. The strategy suggests selling based on ROI, focusing on achieving the target returns specified in the minimal_roi attribute. Please note that this description provides a general overview of the strategy. Further analysis and testing may be required to assess its effectiveness and suitability for specific trading scenarios.
stoploss: -0.04 timeframe: 15 hash(sha256): b9b309c4216da1c1aabce43c9c98eceeafd791d9fba9d60e9d40e24295c8d43f indicators: bc _dailytc low_daily close tc _dailypivot pivot high_daily macdhist sma _dailyhigh _dailylow _daily _dailylow_daily open high macdsignal macd low _dailybc _dailyhigh_daily _dailyclose
Similar Strategies: (based on used indicators)
Strategy: ScalpingCCI_325, Similarity Score: 95.65%
last change: 2024-04-27 22:45:05