Strategy: BbandRsi_61
Downloaded: 20220116
Stoploss: -0.25

Strategy failed backtesting!
Reason: Duplicate of BbandRsi

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The BbandRsi strategy is a trading strategy that combines the Bollinger Bands and Relative Strength Index (RSI) indicators to generate buy and sell signals. Here's a brief description of what the strategy does: The strategy uses the Bollinger Bands indicator to identify potential entry points for buying. Bollinger Bands consist of three lines: the upper band, middle band, and lower band.

The strategy considers buying when the price of the asset falls below the lower band.

The strategy also uses the RSI indicator, which measures the speed and change of price movements.

It helps identify overbought and oversold conditions in the market. The strategy considers buying when the RSI value is below 30, indicating oversold conditions. On the other hand, the strategy generates sell signals when the RSI value is above 70, indicating overbought conditions. The strategy sets a minimal return on investment (ROI) of 0.1, meaning it aims for a minimum profit of 0.1 times the invested amount. The stoploss is set at -0.25, which means that if the trade goes against the strategy by a 0.25% loss, it will be automatically closed. The strategy operates on a timeframe of 1 hour, meaning it analyzes price data at 1-hour intervals. Overall, the BbandRsi strategy seeks to capitalize on potential buying opportunities when the price falls below the lower Bollinger Band and the RSI indicates oversold conditions. It aims to sell when the RSI indicates overbought conditions. The minimal ROI and stoploss parameters help manage risk and define the desired profit level for the strategy.

stoploss: -0.25
timeframe: 1h
hash(sha256): 73e60897009cb24e5001554d0674f5e1fb2666e098ed7d0e1cb1896b25d6b2cb

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last change: 2022-07-02 19:54:08