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The "ElliotV2" strategy is designed for backtesting trading strategies on a backtesting website. Here is a short description of what the strategy does:
The strategy uses various indicators such as Exponential Moving Averages (EMA), Elliot Wave Oscillator (EWO), and Relative Strength Index (RSI) to make buying and selling decisions. It calculates moving averages for buying and selling using different candle periods specified by the parameters base_nb_candles_buy and base_nb_candles_sell.
It sets certain conditions for buying based on the following criteria: The closing price is below the calculated moving average multiplied by a "low offset" value (low_offset).
The EWO value is above a specified threshold (ewo_high).
The RSI value is below a specified threshold (rsi_buy). The trading volume is greater than zero. It sets conditions for selling based on the following criteria: The closing price is above the calculated moving average multiplied by a "high offset" value (high_offset). The trading volume is greater than zero. The strategy incorporates a stoploss feature with a specified percentage value (stoploss) to limit potential losses. It also includes a trailing stop feature that adjusts the stop-loss level as the price moves in a favorable direction. The strategy provides a table of Return on Investment (ROI) values for different time periods. It has an optional order time in force configuration for the buy and sell orders. The strategy is optimized for a specific timeframe (timeframe) and can gather additional information from an informative timeframe (informative_timeframe). It uses a custom indicator function called EWO to calculate the Elliot Wave Oscillator. Please note that this is a simplified description of the strategy. The actual implementation may involve additional details and considerations.
It sets certain conditions for buying based on the following criteria: The closing price is below the calculated moving average multiplied by a "low offset" value (low_offset).
The EWO value is above a specified threshold (ewo_high).
The RSI value is below a specified threshold (rsi_buy). The trading volume is greater than zero. It sets conditions for selling based on the following criteria: The closing price is above the calculated moving average multiplied by a "high offset" value (high_offset). The trading volume is greater than zero. The strategy incorporates a stoploss feature with a specified percentage value (stoploss) to limit potential losses. It also includes a trailing stop feature that adjusts the stop-loss level as the price moves in a favorable direction. The strategy provides a table of Return on Investment (ROI) values for different time periods. It has an optional order time in force configuration for the buy and sell orders. The strategy is optimized for a specific timeframe (timeframe) and can gather additional information from an informative timeframe (informative_timeframe). It uses a custom indicator function called EWO to calculate the Elliot Wave Oscillator. Please note that this is a simplified description of the strategy. The actual implementation may involve additional details and considerations.
stoploss: -0.179 timeframe: 5m hash(sha256): efbf285ea82b2b6fd6b7352973fd0960ae2b0b34daeb2bd2b939cd78d65e3bf7 indicators: rsi_buy ma_sell_val volume EWO ewo_high low_offset ewo_low rsi close high_offset base_nb_candles_sell base_nb_candles_buy ma_buy_val
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last change: 2023-04-26 08:01:26