The Low_BB strategy is designed for backtesting trading strategies on a website. Here is a short description of what the strategy does:
The strategy uses technical indicators such as Bollinger Bands and MACD to generate buy and sell signals. It aims to buy a cryptocurrency when the closing price crosses below 98% of the lower Bollinger Band and sell when a trailing stop loss is hit.
The strategy defines a minimal return on investment (ROI) and a stop loss level.
The minimal ROI indicates the desired profit level for the strategy, while the stop loss defines the maximum tolerable loss.
The strategy uses a 1-hour ticker interval to analyze the price data. The populate_indicators function calculates various indicators including Bollinger Bands and MACD based on the price data. These indicators are used for generating buy and sell signals. The populate_buy_trend function generates a buy signal when the closing price is below 98% of the lower Bollinger Band. The populate_sell_trend function generates a sell signal without any specific condition. Overall, the Low_BB strategy aims to identify potential buying opportunities when the price is near the lower Bollinger Band and implement a trailing stop loss strategy for selling.