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The "AwesomeMacd" strategy is a trading strategy that uses the MACD (Moving Average Convergence Divergence) indicator and the Awesome Oscillator to generate buy and sell signals. Here's a breakdown of how the strategy works:
Minimal ROI: The strategy aims to achieve a minimal return on investment (ROI) of 0.1. This value can be adjusted based on market conditions.
Stoploss: The strategy sets a fixed stoploss of -0.12, which means that if the price drops by 12% from the entry point, the position will be sold to limit potential losses.
Trailing Stop: The strategy employs a trailing stop, which means that as the price moves in the favorable direction, the stoploss level will be adjusted to lock in profits.
The trailing stop is set to 0.0033, and it has an offset of 0.03. Timeframe: The strategy operates on a 5-minute timeframe, which means that it analyzes price data for each 5-minute interval. Indicator Calculation: The strategy calculates two indicators: ADX (Average Directional Index) and MACD. ADX helps determine the strength of the current trend, while MACD identifies potential buy and sell signals. Buy Signal: The strategy generates a buy signal when the following conditions are met: MACD is greater than 0 (indicating a bullish trend) Awesome Oscillator is greater than 0 Previous value of the Awesome Oscillator was less than 0 Sell Signal: The strategy generates a sell signal when the following conditions are met: MACD is less than 0 (indicating a bearish trend) Awesome Oscillator is less than 0 Previous value of the Awesome Oscillator was greater than 0 The strategy aims to take advantage of potential trends and reversals in the market by combining the signals from the MACD and Awesome Oscillator indicators. It provides a systematic approach to making buy and sell decisions based on the specified conditions.
Stoploss: The strategy sets a fixed stoploss of -0.12, which means that if the price drops by 12% from the entry point, the position will be sold to limit potential losses.
Trailing Stop: The strategy employs a trailing stop, which means that as the price moves in the favorable direction, the stoploss level will be adjusted to lock in profits.
The trailing stop is set to 0.0033, and it has an offset of 0.03. Timeframe: The strategy operates on a 5-minute timeframe, which means that it analyzes price data for each 5-minute interval. Indicator Calculation: The strategy calculates two indicators: ADX (Average Directional Index) and MACD. ADX helps determine the strength of the current trend, while MACD identifies potential buy and sell signals. Buy Signal: The strategy generates a buy signal when the following conditions are met: MACD is greater than 0 (indicating a bullish trend) Awesome Oscillator is greater than 0 Previous value of the Awesome Oscillator was less than 0 Sell Signal: The strategy generates a sell signal when the following conditions are met: MACD is less than 0 (indicating a bearish trend) Awesome Oscillator is less than 0 Previous value of the Awesome Oscillator was greater than 0 The strategy aims to take advantage of potential trends and reversals in the market by combining the signals from the MACD and Awesome Oscillator indicators. It provides a systematic approach to making buy and sell decisions based on the specified conditions.
stoploss: -0.12 timeframe: 5m hash(sha256): 5eef11c605771b6a52cfaf640e12e8734ecda5533f56e74e8b1eb2417a0cf41c indicators: macdsignal adx ao macd macdhist
No similar strategies found. (based on used indicators)
last change: 2023-07-05 15:38:17