The AwesomeMacd strategy is a trading strategy that uses the Moving Average Convergence Divergence (MACD) indicator and the Awesome Oscillator (AO) indicator to generate buy and sell signals. The strategy calculates the ADX (Average Directional Index) indicator and the AO indicator using the provided price data. It also calculates the MACD line, the MACD signal line, and the MACD histogram.
In the buy signal condition, the strategy looks for a crossover of the MACD line above zero, the AO indicator above zero, and the previous AO value below zero.
When these conditions are met, a buy signal is generated.
In the sell signal condition, the strategy looks for a crossover of the MACD line below zero, the AO indicator below zero, and the previous AO value above zero. When these conditions are met, a sell signal is generated. The strategy sets a minimal ROI (Return on Investment) of 0.1, which means it aims for a 10% profit on each trade. It also sets a stop-loss level of -0.25, which means it will exit a trade if the price drops by 25% from the entry point. The strategy is designed to work on hourly price data (ticker interval = '1h'). Please note that this is a brief description, and the strategy may have additional nuances or parameters that are not covered here.
In the buy signal condition, the strategy looks for a crossover of the MACD line above zero, the AO indicator above zero, and the previous AO value below zero.
When these conditions are met, a buy signal is generated.
In the sell signal condition, the strategy looks for a crossover of the MACD line below zero, the AO indicator below zero, and the previous AO value above zero. When these conditions are met, a sell signal is generated. The strategy sets a minimal ROI (Return on Investment) of 0.1, which means it aims for a 10% profit on each trade. It also sets a stop-loss level of -0.25, which means it will exit a trade if the price drops by 25% from the entry point. The strategy is designed to work on hourly price data (ticker interval = '1h'). Please note that this is a brief description, and the strategy may have additional nuances or parameters that are not covered here.
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stoploss: -0.25 timeframe: 1h hash(sha256): 78c1f21e1b32b91244d6c06534eefa1700b439e3fb4f516c8ab3ac8cdd35e50a indicators: macdsignal adx ao macd macdhist
No similar strategies found. (based on used indicators)
last change: 2024-07-28 02:10:44