The BBModCE strategy is a trading strategy that utilizes various indicators to determine entry and exit points for trades. Here is a breakdown of what the strategy does:
Indicators Calculation:
Simple Moving Average (SMA) with a time period of 15. Commodity Trend Index (CTI) with a length of 20.
Exponential Moving Averages (EMA) with time periods of 8 and 16.
Relative Strength Index (RSI) with a time period of 14, along with fast (4) and slow (20) RSI values.
Elder's Force Index with an EWO length of 50 and 200. Williams %R with a period of 14. Stochastic Fast (STOCHF) with parameters (5, 3, 0, 3, 0). Average Directional Index (ADX). Entry Trend Calculation:
The strategy defines conditions for three different entry scenarios: cofi, ewo, and nfi_32. The conditions involve comparing various indicators and their values with predefined thresholds. cofi: A combination of conditions involving different indicators such as rate of change (roc_1h), Bollinger Bands width (bb_width_1h), exponential moving average (ema_8), fast stochastic values (fastk and fastd), average directional index (adx), Elder's Force Index (EWO), Commodity Trend Index (cti), and Williams %R (r_14). ewo: Conditions based on fast RSI (rsi_fast), closing price relative to exponential moving averages (ema_8 and ema_16), RSI (rsi), and Elder's Force Index (EWO). nfi_32: Conditions involving RSI values (rsi_slow, rsi_fast, and rsi), closing price relative to simple moving average (sma_15), and Commodity Trend Index (cti). If any of the conditions are met, the 'enter_long' flag is set to 1. Exit Trend Calculation:
The strategy sets the 'exit_long' flag to 0, indicating that there is no exit condition for the long position. Leverage Calculation:
The strategy returns the value of the 'leverage_num' parameter. Overall, the BBModCE strategy uses a combination of indicators and predefined conditions to determine entry points for different trading scenarios.