The TapolV1 strategy is designed for backtesting trading strategies on a 5-minute timeframe. Here's a breakdown of what it does:
Indicators:
MACD (Moving Average Convergence Divergence): Calculates the MACD line, MACD signal line, and MACD histogram. Bollinger Bands: Calculates the lower band, middle band, and upper band using the typical price.
EMA (Exponential Moving Average): Calculates the 7-period EMA.
Buy Condition:
The strategy generates a buy signal when the following conditions are met:
EMA7 (7-period EMA) is above the middle Bollinger Band.
MACD line is above the MACD signal line. The closing price is above EMA7 in the current or the two previous periods. Sell Condition:
The strategy generates a sell signal when either of the following conditions is met:
EMA7 is below the middle Bollinger Band, MACD line is below the MACD signal line, and the closing price is below EMA7 in the current or previous period. EMA7 is above the middle Bollinger Band, MACD line is above the MACD signal line, and the closing price is above the upper Bollinger Band in the current or previous period. Risk Management:
Stop Loss: The strategy uses a fixed stop loss of -10% (0.10). Trailing Stop: A trailing stop is implemented with a positive offset of 0.077 and an additional offset of 0.175 when the trailing stop is reached. Please note that this description provides a general overview of the strategy's logic and parameters. Further analysis and testing are recommended to assess its performance and suitability for specific trading scenarios.