The DNSClosed strategy is a backtesting strategy for trading. It aims to identify buying opportunities in the market based on specific criteria. Here's a breakdown of the important parts of the strategy:
The strategy uses the 1-hour timeframe for analyzing price data.
It calculates various indicators and conditions to determine whether to buy or sell.
The strategy uses candlestick patterns such as bull engulfing and spinning top patterns to identify potential buying opportunities.
It calculates the red and green lines for the bull engulfing pattern based on the previous candle's low and the current candle's open and close prices. The strategy also considers the range and RSI (Relative Strength Index) of the candles to filter out strong price movements. To generate a buy signal, the strategy checks if the current candle satisfies certain conditions, including the absence of a spinning top pattern, a higher closing price than the opening price, and the current low being between the red and green lines. The strategy applies additional criteria, such as the RSI percentage increase in the next candles, to confirm the buying opportunity. Once the strategy identifies a buying opportunity, it marks the corresponding candle with a 'buy' signal. The stop-loss for the strategy is set at -0.01, indicating a maximum loss tolerance of 1%. The minimal ROI (Return on Investment) is set at 0.02, indicating a desired minimum profit of 2%. The strategy does not specify a selling condition explicitly, leaving it open for customization. The strategy also includes some utility functions for calculating distances, percentage changes, and extracting the trading symbol from a pair. There's a function to add missing candles for backtesting purposes, although it is currently commented out. This description provides an overview of the DNSClosed strategy and its main components. Keep in mind that the strategy can be further customized and expanded based on specific trading goals and preferences.
It calculates various indicators and conditions to determine whether to buy or sell.
The strategy uses candlestick patterns such as bull engulfing and spinning top patterns to identify potential buying opportunities.
It calculates the red and green lines for the bull engulfing pattern based on the previous candle's low and the current candle's open and close prices. The strategy also considers the range and RSI (Relative Strength Index) of the candles to filter out strong price movements. To generate a buy signal, the strategy checks if the current candle satisfies certain conditions, including the absence of a spinning top pattern, a higher closing price than the opening price, and the current low being between the red and green lines. The strategy applies additional criteria, such as the RSI percentage increase in the next candles, to confirm the buying opportunity. Once the strategy identifies a buying opportunity, it marks the corresponding candle with a 'buy' signal. The stop-loss for the strategy is set at -0.01, indicating a maximum loss tolerance of 1%. The minimal ROI (Return on Investment) is set at 0.02, indicating a desired minimum profit of 2%. The strategy does not specify a selling condition explicitly, leaving it open for customization. The strategy also includes some utility functions for calculating distances, percentage changes, and extracting the trading symbol from a pair. There's a function to add missing candles for backtesting purposes, although it is currently commented out. This description provides an overview of the DNSClosed strategy and its main components. Keep in mind that the strategy can be further customized and expanded based on specific trading goals and preferences.
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stoploss: -0.01 timeframe: 1h hash(sha256): 6bd458a8dae6e79db3fde8278dee425d2409aa302ba1683013a651394b075795 indicators: min_low_to_end CDLSPINNINGTOP buy_criteria rsi_percentage_increase
No similar strategies found. (based on used indicators)
last change: 2024-07-27 15:27:14