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The "BbandRsi" strategy is a backtesting strategy that combines Bollinger Bands and Relative Strength Index (RSI) indicators to generate buy and sell signals for trading. Here is a breakdown of the important parts of the strategy:
Minimal ROI (Return on Investment): The strategy is designed to achieve a minimal ROI of 0.17139 at time 0, 0.07792 at time 10, 0.03513 at time 66, and 0 at time 130. These values represent the expected returns at different time intervals.
Stoploss: The stoploss is set at -0.24504, indicating the maximum tolerable loss before selling the asset.
Trailing Stop: The strategy implements a trailing stop, which means that once the price reaches a certain positive value (0.258), it sets a trailing stop offset (0.35585) to protect the profits.
Only when the trailing stop offset is reached, the strategy will sell. Timeframe: The strategy is optimized for a timeframe of 15 minutes (15m), but it can also be used with a timeframe of 1 hour (1h). Indicators: The strategy uses two indicators: RSI and Bollinger Bands. RSI: The Relative Strength Index is a momentum oscillator that measures the speed and change of price movements. It is calculated based on the closing prices of the asset and helps identify overbought (RSI > 70) and oversold (RSI < 30) conditions. Bollinger Bands: Bollinger Bands consist of three lines plotted on the price chart: the upper band, middle band (moving average), and lower band. These bands help identify the volatility and price levels of an asset. In this strategy, the lower Bollinger Band is used as a buy signal when the price is below it. Buy and Sell Signals: The strategy generates buy signals when the RSI is below 30 and the closing price is below the lower Bollinger Band. Conversely, sell signals are generated when the RSI is above 70. By combining these indicators and rules, the strategy aims to identify potential buying opportunities in oversold conditions and selling opportunities in overbought conditions, using the Bollinger Bands and RSI as the primary signals.
Stoploss: The stoploss is set at -0.24504, indicating the maximum tolerable loss before selling the asset.
Trailing Stop: The strategy implements a trailing stop, which means that once the price reaches a certain positive value (0.258), it sets a trailing stop offset (0.35585) to protect the profits.
Only when the trailing stop offset is reached, the strategy will sell. Timeframe: The strategy is optimized for a timeframe of 15 minutes (15m), but it can also be used with a timeframe of 1 hour (1h). Indicators: The strategy uses two indicators: RSI and Bollinger Bands. RSI: The Relative Strength Index is a momentum oscillator that measures the speed and change of price movements. It is calculated based on the closing prices of the asset and helps identify overbought (RSI > 70) and oversold (RSI < 30) conditions. Bollinger Bands: Bollinger Bands consist of three lines plotted on the price chart: the upper band, middle band (moving average), and lower band. These bands help identify the volatility and price levels of an asset. In this strategy, the lower Bollinger Band is used as a buy signal when the price is below it. Buy and Sell Signals: The strategy generates buy signals when the RSI is below 30 and the closing price is below the lower Bollinger Band. Conversely, sell signals are generated when the RSI is above 70. By combining these indicators and rules, the strategy aims to identify potential buying opportunities in oversold conditions and selling opportunities in overbought conditions, using the Bollinger Bands and RSI as the primary signals.
stoploss: -0.25 timeframe: 15m hash(sha256): 89dd887c6e1d7d77f9e704a9d04be3851102cfe6c3e6a5e8357e39305bb4cd4c indicators: upper mid lower bb_middleband rsi close bb_upperband bb_lowerband
No similar strategies found. (based on used indicators)
last change: 2023-09-02 05:33:27