The strategy implemented in the provided code is called "ElliotV4Changed." It is a backtesting strategy for trading cryptocurrencies. 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 buy and sell decisions. The strategy calculates moving averages for different candle lengths (base_nb_candles_buy and base_nb_candles_sell) and compares the current closing price to these moving averages.
When the closing price is below the lower offset multiplied by the buy moving average and the EWO is above a certain threshold (ewo_high), the strategy considers it a buy signal.
Additionally, if the closing price is below the lower offset multiplied by the buy moving average and the EWO is below a certain threshold (ewo_low), the strategy also considers it a buy signal.
The strategy also checks for a low RSI value (rsi_buy) to confirm the buy signal. For sell signals, the strategy checks if the closing price is above the higher offset multiplied by the sell moving average. The strategy incorporates volume considerations for both buy and sell signals. The strategy uses a predefined ROI table to set the take-profit levels. It also implements a stop-loss threshold to limit potential losses (stoploss). The strategy includes trailing stop functionality, where the stop-loss level is adjusted as the price moves in favor of the trade. It has an option to ignore the predefined ROI if a buy signal is present. The strategy operates on a 5-minute timeframe and uses a 1-hour timeframe for informative data. Please note that this is a high-level description of the strategy, and there may be additional details and nuances present in the code.