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The "bbandrsi" strategy is a trading strategy that combines Bollinger Bands and the Relative Strength Index (RSI) to generate buy and sell signals. Here's a breakdown of what the strategy does:
Minimal ROI: The strategy aims for a minimal return on investment (ROI) of 0.1. This value can be adjusted based on market conditions.
Stoploss: The strategy sets a stoploss at -0.25, which means that if the price drops by 25% from the entry point, the position will be automatically sold to limit losses.
Timeframe: The strategy operates on a 15-minute timeframe, meaning it analyzes price data in 15-minute intervals.
Indicators: RSI: The strategy calculates the RSI indicator with a time period of 14. RSI is a momentum oscillator that measures the speed and change of price movements. Bollinger Bands: The strategy calculates the Bollinger Bands indicator using the typical price. Bollinger Bands consist of an upper band, a middle band, and a lower band. They are based on standard deviations of the typical price and help identify potential overbought or oversold conditions. Buy Signal: The strategy generates a buy signal when two conditions are met: RSI is below 30, indicating oversold conditions. The closing price is below the lower Bollinger Band, suggesting a potential reversal or bounce. Sell Signal: The strategy generates a sell signal when the RSI is above 70, indicating overbought conditions. By combining these indicators and signals, the strategy aims to identify buying opportunities during oversold conditions and selling opportunities during overbought conditions. Keep in mind that this is a simplified explanation, and the strategy may have additional nuances and parameters that are not explicitly mentioned here.
Stoploss: The strategy sets a stoploss at -0.25, which means that if the price drops by 25% from the entry point, the position will be automatically sold to limit losses.
Timeframe: The strategy operates on a 15-minute timeframe, meaning it analyzes price data in 15-minute intervals.
Indicators: RSI: The strategy calculates the RSI indicator with a time period of 14. RSI is a momentum oscillator that measures the speed and change of price movements. Bollinger Bands: The strategy calculates the Bollinger Bands indicator using the typical price. Bollinger Bands consist of an upper band, a middle band, and a lower band. They are based on standard deviations of the typical price and help identify potential overbought or oversold conditions. Buy Signal: The strategy generates a buy signal when two conditions are met: RSI is below 30, indicating oversold conditions. The closing price is below the lower Bollinger Band, suggesting a potential reversal or bounce. Sell Signal: The strategy generates a sell signal when the RSI is above 70, indicating overbought conditions. By combining these indicators and signals, the strategy aims to identify buying opportunities during oversold conditions and selling opportunities during overbought conditions. Keep in mind that this is a simplified explanation, and the strategy may have additional nuances and parameters that are not explicitly mentioned here.
startup_candle_count : 50 rsi: 3.032%
stoploss: -0.25 timeframe: 15m hash(sha256): dee83a99addda204b4476684e883f82f2f5fbd9f9ef7353bd9cb1aa4c30557ed indicators: upper mid lower bb_middleband rsi close bb_upperband bb_lowerband
No similar strategies found. (based on used indicators)
last change: 2023-08-03 14:15:06