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The strategy implemented in the provided code is called "ElliotV8." Here is a short description of what the strategy does:
The strategy uses various technical indicators such as Exponential Moving Average (EMA), Hull Moving Average (HMA), Exponential Weighted Oscillator (EWO), and Relative Strength Index (RSI) to make buy and sell decisions. The strategy has predefined parameters for buying and selling, which can be optimized through backtesting. For buying:
The strategy looks for conditions such as a low RSI value, the price below a certain percentage offset from the EMA, a high EWO value, and significant trading volume.
There are two separate conditions for buying, depending on whether the EWO value is above or below a certain threshold.
For selling: The strategy looks for conditions such as the price crossing above or below the Hull Moving Average, the price above a certain percentage offset from the EMA, a high RSI value, and increasing volume.
There are two separate conditions for selling, depending on whether the price is above or below the Hull Moving Average. The strategy also incorporates features such as stop-loss, trailing stop, and ROI (Return on Investment) table. It uses candlestick data with a 5-minute timeframe and an additional informative candlestick data with a 1-hour timeframe. The strategy aims to generate profits with a positive ROI and minimize losses with the stop-loss mechanism.
There are two separate conditions for buying, depending on whether the EWO value is above or below a certain threshold.
For selling: The strategy looks for conditions such as the price crossing above or below the Hull Moving Average, the price above a certain percentage offset from the EMA, a high RSI value, and increasing volume.
There are two separate conditions for selling, depending on whether the price is above or below the Hull Moving Average. The strategy also incorporates features such as stop-loss, trailing stop, and ROI (Return on Investment) table. It uses candlestick data with a 5-minute timeframe and an additional informative candlestick data with a 1-hour timeframe. The strategy aims to generate profits with a positive ROI and minimize losses with the stop-loss mechanism.
stoploss: -0.32 timeframe: 5m hash(sha256): d4f5032d983f863a51e4f73a87383b86fa537c4cfca47b6a5bb431e874d417d5
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last change: 2022-07-02 19:54:08