The YOLO strategy is a trading strategy that utilizes various indicators to determine buy and sell signals. Here's a breakdown of how the strategy works:
Indicators used:
Hull Moving Average (HMA): A moving average that uses weighted calculations to reduce lag. It helps identify the overall trend of the market.
Commodity Channel Index (CCI): A momentum-based oscillator that measures the deviation of an asset's price from its statistical average.
It helps identify overbought or oversold conditions.
Relative Strength Index (RSI): A momentum oscillator that measures the speed and change of price movements. It helps identify overbought or oversold conditions. Buy Signal:
The strategy generates a buy signal when the following conditions are met:
HMA is decreasing (current value is lower than the previous value). CCI is less than or equal to -50.0. Fisher RSI (a modified version of RSI) is less than -0.5. Volume is greater than 0. Sell Signal:
The strategy generates a sell signal when the following conditions are met:
HMA is increasing (current value is higher than the previous value). CCI is greater than or equal to 100.0. Fisher RSI is greater than 0.5. Volume is greater than 0. Other Parameters:
Timeframe: The strategy operates on 1-minute timeframe data. Use Sell Signal: The strategy does not use a sell signal to exit positions. Sell Profit Only: The strategy does not limit sell signals to profit-only conditions. Ignore ROI if Buy Signal: The strategy ignores the return on investment (ROI) when a buy signal is present. The strategy has a predefined minimal return on investment (ROI) of 1000, a stop loss of -0.27654, and a trailing stop mechanism. The trailing stop is activated when the position reaches a positive return of 0.32606, with an offset of 0.33314. The trailing stop only triggers if the offset is reached. Overall, the YOLO strategy aims to capture potential trends by combining multiple indicators and generating buy and sell signals based on their respective conditions.