The provided code appears to define a trading strategy named "E0V1E". Here's a short description of what this strategy does:
The "E0V1E" trading strategy is designed for backtesting on a 5-minute timeframe. It employs a combination of technical indicators to make buy and sell decisions for trading pairs.
The strategy aims to achieve a minimum return on investment (ROI) of 10%.
Key Features:
Timeframe: 5 minutes
Startup Candle Count: 120
Order Types: Various market orders for entry, exit, emergency exit, force entry, force exit, and stop-loss.
Stop Loss: -18% (18% loss before triggering stop loss)
Entry Conditions:
Buy_1:
When the slow Relative Strength Index (RSI) crosses below the previous value. The fast RSI is below a dynamically set threshold (buy_rsi_fast_32) to trigger oversold condition. The RSI is above a dynamically set threshold (buy_rsi_32). The closing price is below a certain percentage (buy_sma15_32) of the 15-period Simple Moving Average (SMA). Custom Technical Indicator (CTI) is below a dynamically set threshold (buy_cti_32). Exit Conditions:
Profit Sell:
If the "fastk" value from the Stochastic Fast indicator is above a threshold (sell_fastx). Delayed Profit Sell:
If the "fastk" value is above 70 and the trade has been open for more than 3 hours with a positive profit. Loss Recovery:
If the trade's profit goes below -10%, it temporarily holds the trade to attempt recovery. If the recovery attempt is successful (profit goes above -10%) and the "fastk" value is above the "sell_fastx" threshold, the trade is closed. This strategy aims to capture opportunities when certain technical conditions are met for entering and exiting trades. It utilizes a combination of RSI, SMA, and custom technical indicators for decision-making. The exit conditions are designed to optimize profit-taking while also attempting to recover from losses if possible.