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The "BbandRsi" strategy is a trading strategy that combines Bollinger Bands and the Relative Strength Index (RSI) to generate buy and sell signals. Here is a breakdown of how the strategy works:
The strategy uses the RSI indicator to identify oversold conditions for buying and overbought conditions for selling. The RSI period is set to 14 by default and can be adjusted between 7 and 21.
Bollinger Bands are used to identify price volatility.
The strategy calculates the lower band, middle band, and upper band of the Bollinger Bands based on a specified window size (between 8 and 20) and standard deviation (between 1 and 3).
To generate a buy signal, the strategy looks for the following conditions: RSI value is below a specified buy RSI threshold (between 25 and 35). The closing price is below the product of a specified buy Bollinger Band scalar (between 0.95 and 1.05) and the lower Bollinger Band value. To generate a sell signal, the strategy looks for the following conditions: RSI value is above a specified sell RSI threshold (between 60 and 80). The closing price is above the product of a specified sell Bollinger Band scalar (between 0.95 and 1.05) and the upper Bollinger Band value. The strategy defines a minimal ROI (Return on Investment) of 0.1, which means it aims to achieve at least a 10% return on each trade. The stop loss is set to -0.25, indicating that if a trade goes against the strategy by 25%, it will be closed with a loss. By backtesting this strategy on historical price data, you can evaluate its performance and determine its effectiveness in different market conditions.
Bollinger Bands are used to identify price volatility.
The strategy calculates the lower band, middle band, and upper band of the Bollinger Bands based on a specified window size (between 8 and 20) and standard deviation (between 1 and 3).
To generate a buy signal, the strategy looks for the following conditions: RSI value is below a specified buy RSI threshold (between 25 and 35). The closing price is below the product of a specified buy Bollinger Band scalar (between 0.95 and 1.05) and the lower Bollinger Band value. To generate a sell signal, the strategy looks for the following conditions: RSI value is above a specified sell RSI threshold (between 60 and 80). The closing price is above the product of a specified sell Bollinger Band scalar (between 0.95 and 1.05) and the upper Bollinger Band value. The strategy defines a minimal ROI (Return on Investment) of 0.1, which means it aims to achieve at least a 10% return on each trade. The stop loss is set to -0.25, indicating that if a trade goes against the strategy by 25%, it will be closed with a loss. By backtesting this strategy on historical price data, you can evaluate its performance and determine its effectiveness in different market conditions.
startup_candle_count : 50 rsi: 4.246%
stoploss: -0.25 timeframe: 1h hash(sha256): e44ec696ffc3e97b473af273de06af72ff0febf63db0934c330be5eef8a53926 indicators: upper mid lower bb_middleband rsi close bb_upperband bb_lowerband
No similar strategies found. (based on used indicators)
last change: 2023-06-27 09:19:47