The E0V1E strategy is a trading strategy implemented in the backtesting website. Here is a short description of what the strategy does:
The strategy uses a 5-minute timeframe for analyzing price data. It processes only new candles and requires a startup candle count of 120.
The order types for entry, exit, emergency exit, force entry, force exit, and stop loss are set to 'market'.
The strategy has a minimal return on investment (ROI) of 10%.
It uses custom stop loss and sets a value of -0.99 as the initial stop loss. The strategy calculates various indicators such as Bollinger Bands, moving averages, and relative strength index (RSI) using different time periods. It identifies potential entry points based on specific conditions involving RSI values, moving averages, and other indicators. The strategy includes a custom stop loss mechanism that considers the current price and profit to determine the stop loss value. It defines an exit trend that exits any open positions and marks them as 'long_out'. Overall, the strategy aims to identify buy signals based on multiple indicators and uses a custom stop loss mechanism to manage risk.