Strategy: Discord_Chopchop
Downloaded: 20220726
Stoploss: -0.1

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Average Overall
Trades/DayRejected Signals
Ninja Score: 45
The Chopchop strategy is a trading strategy designed for backtesting on a website. Here's a brief description of what the strategy does: It uses the RSI (Relative Strength Index) indicator to determine oversold conditions. It also uses Bollinger Bands to identify price levels that are outside the typical price range.

The strategy calculates the chopiness index and its standard deviation.

It sets specific buy and sell conditions based on these indicators: Buy condition: RSI is below 37, the close price is below the lower Bollinger Band, and the chopiness index is below the lower deviation.

Sell condition: RSI is above 70. The strategy includes a minimal ROI (Return on Investment) configuration that specifies the desired return percentages at different points in time. It has a stop loss of -10% and a trailing stop feature. The strategy operates on a 5-minute timeframe. The plot configuration includes the main plot with Bollinger Bands and a subplot with the RSI indicator. Overall, the strategy aims to identify potential buying opportunities when the market is oversold according to the RSI and Bollinger Bands, and to sell when the RSI indicates overbought conditions.

stoploss: -0.1
timeframe: 5m
hash(sha256): b6af92274c6c5731e6fcb0fb3d66cc338365a671d28c4dc5d43e2401f3f4558b
upper mid lower plusDev bb_middleband
rsi chop stdCenter close minusDev
bb_upperband bb_lowerband std buy buy_tag

No similar strategies found. (based on used indicators)

last change: 2024-04-02 03:57:38