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The strategy implemented in the code provided is called "ElliotV8_original." Here is a brief description of what the strategy does:
It uses various indicators such as Exponential Moving Averages (EMAs), Hull Moving Average (HMA), Relative Strength Index (RSI), and Elliot Wave Oscillator (EWO). The strategy has predefined buy and sell parameters that can be optimized during backtesting. For the buy signal:
It checks if the RSI is below a certain threshold and the close price is below a moving average multiplied by a low offset.
It also checks if the EWO (Elliot Wave Oscillator) is above a certain value and the RSI is below another threshold.
If any of these conditions are met, a buy signal is generated.
For the sell signal: It checks if the close price is above the Hull Moving Average (HMA) and the RSI is above 50. It also checks if the close price is above a moving average multiplied by a high offset and the RSI fast is greater than the RSI slow. If any of these conditions are met, a sell signal is generated. The strategy uses a trailing stop-loss and a sell profit offset for risk management. The strategy is optimized for a 5-minute timeframe and uses additional information from the 1-hour timeframe. It populates various indicators such as moving averages, EWO, and RSI for analysis. The strategy applies the defined buy and sell conditions to determine when to enter and exit trades. Please note that this is a simplified summary, and the complete functionality of the strategy can be understood by analyzing the code in detail.
It also checks if the EWO (Elliot Wave Oscillator) is above a certain value and the RSI is below another threshold.
If any of these conditions are met, a buy signal is generated.
For the sell signal: It checks if the close price is above the Hull Moving Average (HMA) and the RSI is above 50. It also checks if the close price is above a moving average multiplied by a high offset and the RSI fast is greater than the RSI slow. If any of these conditions are met, a sell signal is generated. The strategy uses a trailing stop-loss and a sell profit offset for risk management. The strategy is optimized for a 5-minute timeframe and uses additional information from the 1-hour timeframe. It populates various indicators such as moving averages, EWO, and RSI for analysis. The strategy applies the defined buy and sell conditions to determine when to enter and exit trades. Please note that this is a simplified summary, and the complete functionality of the strategy can be understood by analyzing the code in detail.
stoploss: -0.32 timeframe: 5m hash(sha256): b3d510ab000cfd46e8dd8f48e6ecb274db42e306926225390881672425313123
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last change: 2022-07-26 18:08:23