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The "MACDCCI" strategy is a trading strategy that combines the MACD (Moving Average Convergence Divergence) and CCI (Commodity Channel Index) indicators. It is designed to generate buy and sell signals based on the crossover of the MACD and CCI indicators. Here is a breakdown of how the strategy works:
Indicator Calculation:
MACD: The MACD indicator is calculated using a fast period of 12, a slow period of 26, and a signal period of 9.
The MACD line, MACD signal line, and MACD histogram are calculated.
CCI: The CCI indicator is calculated using a time period of 35 for buy signals and 62 for sell signals.
Two separate CCI values are calculated. Buy Signal: A buy signal is generated when the following conditions are met: The MACD line is above the MACD signal line (indicating bullish momentum). The CCI value for buying is less than or equal to -100.0 (indicating oversold conditions). Sell Signal: A sell signal is generated when the following conditions are met: The MACD line is below the MACD signal line (indicating bearish momentum). The CCI value for selling is greater than or equal to 200.0 (indicating overbought conditions). Risk Management: Minimal ROI: The strategy sets a minimal return on investment (ROI) of 100%, meaning it aims to achieve a 100% profit before considering an exit. Stop Loss: The strategy uses a fixed stop loss of -0.30, which means a trade will be exited if the price drops by 30% from the entry point. Trailing Stop (Optional): The strategy can be configured to use a trailing stop, but it is currently disabled (trailing_stop = False). If enabled, the trailing stop would allow the strategy to automatically adjust the stop loss level as the price moves in the desired direction. Timeframe: The strategy is designed to be used on 30-minute candlestick data (ticker_interval = '30m'). Note: The strategy is implemented as a class called "MACDCCI" that extends the "IStrategy" interface provided by Freqtrade, a cryptocurrency trading bot framework. The strategy is authored by Kevin Ossenbrück and is available for free use under the MIT license.
The MACD line, MACD signal line, and MACD histogram are calculated.
CCI: The CCI indicator is calculated using a time period of 35 for buy signals and 62 for sell signals.
Two separate CCI values are calculated. Buy Signal: A buy signal is generated when the following conditions are met: The MACD line is above the MACD signal line (indicating bullish momentum). The CCI value for buying is less than or equal to -100.0 (indicating oversold conditions). Sell Signal: A sell signal is generated when the following conditions are met: The MACD line is below the MACD signal line (indicating bearish momentum). The CCI value for selling is greater than or equal to 200.0 (indicating overbought conditions). Risk Management: Minimal ROI: The strategy sets a minimal return on investment (ROI) of 100%, meaning it aims to achieve a 100% profit before considering an exit. Stop Loss: The strategy uses a fixed stop loss of -0.30, which means a trade will be exited if the price drops by 30% from the entry point. Trailing Stop (Optional): The strategy can be configured to use a trailing stop, but it is currently disabled (trailing_stop = False). If enabled, the trailing stop would allow the strategy to automatically adjust the stop loss level as the price moves in the desired direction. Timeframe: The strategy is designed to be used on 30-minute candlestick data (ticker_interval = '30m'). Note: The strategy is implemented as a class called "MACDCCI" that extends the "IStrategy" interface provided by Freqtrade, a cryptocurrency trading bot framework. The strategy is authored by Kevin Ossenbrück and is available for free use under the MIT license.
stoploss: -0.3 timeframe: 30m hash(sha256): 13131ed784a7dd272f1cf8b3c8e81fe5d3ed9b7e4aab52c5347da9b8c4cda434 indicators: macdsignal ccibuy macd ccisell macdhist
No similar strategies found. (based on used indicators)
last change: 2024-01-02 12:35:35