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The BandRSI6 strategy is a trading strategy that combines Bollinger Bands and the Relative Strength Index (RSI) indicator. Here is a breakdown of what the strategy does:
It calculates the RSI indicator with a time period of 14. It calculates the Bollinger Bands using the typical price and a window of 20 with 2 standard deviations.
It sets the minimal return on investment (ROI) to 0.15, meaning it aims for a minimum profit of 15%.
It uses market orders for buying, selling, and setting stop-loss.
The stop-loss is set to -0.2, meaning a 20% loss will trigger a stop-loss. It enables trailing stop, which adjusts the stop-loss level as the price moves in favor of the trade. It sets the optimal timeframe for the strategy to 1 hour. In the buy signal, it checks if the close price is below the lower Bollinger Band for the current and previous 4 candles, and if the RSI is above 30 for the current candle but was below or equal to 30 in the previous candle. In the sell signal, it does not have any specific conditions defined. Additionally, there is a custom stop-loss function that overrides the default stop-loss behavior. If the current profit is below -9.9% and the RSI is below 30, it returns 0 to keep using the initial stop-loss level. This strategy aims to identify potential buy signals when the price is below the lower Bollinger Band and the RSI indicates oversold conditions. It does not define specific sell conditions, so additional rules or manual intervention may be required to determine when to exit a trade.
It sets the minimal return on investment (ROI) to 0.15, meaning it aims for a minimum profit of 15%.
It uses market orders for buying, selling, and setting stop-loss.
The stop-loss is set to -0.2, meaning a 20% loss will trigger a stop-loss. It enables trailing stop, which adjusts the stop-loss level as the price moves in favor of the trade. It sets the optimal timeframe for the strategy to 1 hour. In the buy signal, it checks if the close price is below the lower Bollinger Band for the current and previous 4 candles, and if the RSI is above 30 for the current candle but was below or equal to 30 in the previous candle. In the sell signal, it does not have any specific conditions defined. Additionally, there is a custom stop-loss function that overrides the default stop-loss behavior. If the current profit is below -9.9% and the RSI is below 30, it returns 0 to keep using the initial stop-loss level. This strategy aims to identify potential buy signals when the price is below the lower Bollinger Band and the RSI indicates oversold conditions. It does not define specific sell conditions, so additional rules or manual intervention may be required to determine when to exit a trade.
startup_candle_count : 50 rsi: 0.533%
stoploss: -0.2 timeframe: 1h hash(sha256): 942a46b001d6901aa59a01082f7160195542e8955ce9e019208b151583fa0993 indicators: upper mid lower bb_middleband rsi close bb_upperband bb_lowerband
No similar strategies found. (based on used indicators)
last change: 2023-07-01 20:26:26