The "BBandsRSI" strategy is a backtesting strategy that combines Bollinger Bands (BB) and the Relative Strength Index (RSI) indicators to generate buy and sell signals. The strategy uses the following indicators:
Bollinger Bands: It calculates the upper band, middle band, and lower band based on the typical price (average of high, low, and close) over a 20-candle period with a standard deviation of 2. RSI: It calculates the Relative Strength Index, which measures the speed and change of price movements.
The default period is used.
The strategy's buy signal conditions are:
RSI is above 30.
The closing price is below the lower Bollinger Band. Volume is greater than 0. The strategy's sell signal conditions are:
The closing price is above the middle Bollinger Band. Volume is greater than 0. The strategy uses a 1-hour timeframe and has a minimal ROI of 0.03 (3%) and a stop-loss of -0.15 (-15%). It does not have a trailing stop-loss. Please note that this is a simplified description, and there may be additional details and considerations within the strategy implementation.