The "Simple" strategy is based on the book called "The Simple Strategy" by Gert Wohlgemuth. It aims to achieve a minimal return on investment (ROI) of 1% and has a stop-loss level of -25%. The strategy is designed to work with a ticker interval of 5 minutes.
The strategy uses various indicators to make buy and sell decisions.
The indicators used include MACD (Moving Average Convergence Divergence), RSI (Relative Strength Index), and Bollinger Bands.
In the buy signal generation process, the strategy identifies conditions where the MACD value is above 0 and higher than the MACD signal, the Bollinger Bands' upper band is rising, and the RSI is above 70. For sell signal generation, the strategy simply checks if the RSI value is above 80. These buy and sell signals are used to populate the respective "buy" and "sell" columns in the dataframe. Overall, the strategy aims to capture upward price movements indicated by the indicators and sell when the RSI reaches a potentially overbought level.
The strategy uses various indicators to make buy and sell decisions.
The indicators used include MACD (Moving Average Convergence Divergence), RSI (Relative Strength Index), and Bollinger Bands.
In the buy signal generation process, the strategy identifies conditions where the MACD value is above 0 and higher than the MACD signal, the Bollinger Bands' upper band is rising, and the RSI is above 70. For sell signal generation, the strategy simply checks if the RSI value is above 80. These buy and sell signals are used to populate the respective "buy" and "sell" columns in the dataframe. Overall, the strategy aims to capture upward price movements indicated by the indicators and sell when the RSI reaches a potentially overbought level.
stoploss: -0.25 timeframe: 5m hash(sha256): 66c4174cd821d539dd824ee595eaeaef3dd527e344c7ec383e2536d0b4898265 indicators: macdsignal upper mid lower close rsi bb_middleband macd bb_lowerband bb_upperband macdhist
No similar strategies found. (based on used indicators)
last change: 2024-04-29 02:03:20