The "EMASkipPump" strategy is designed to avoid pump and dump market conditions. It uses a combination of technical indicators to make buy and sell decisions. Here's a breakdown of how the strategy works:
Indicators:
Exponential Moving Average (EMA): Three different EMA periods are calculated (short-term, medium-term, and long-term).
Bollinger Bands: Upper and lower bands are calculated based on the typical price.
Buy Signals:
The strategy generates a buy signal when the following conditions are met:
Volume is less than 20 times the 30-day rolling average volume.
The closing price is below the short-term and medium-term EMAs. The closing price is equal to the minimum price within the medium-term EMA period. The closing price is below or at the lower Bollinger Band. Sell Signals:
The strategy generates a sell signal when the following conditions are met:
The closing price is above both the short-term and medium-term EMAs. The closing price is equal to or above the maximum price within the medium-term EMA period. The closing price is above or at the upper Bollinger Band. Additional Details:
The strategy has a minimal return on investment (ROI) of 0.1 (10%). The stop loss is set at -0.05 (-5%) by default. The ticker interval used for the strategy is 5 minutes. Note: This is a basic description of the strategy's logic and indicators. The actual performance and effectiveness of the strategy may vary depending on various factors, such as market conditions and asset selection.