The Magic_Trailing_Stoploss strategy is a trading strategy that focuses on implementing a trailing stop-loss mechanism. Here are the important parts of the strategy:
Minimal ROI: This strategy aims to achieve a minimum return on investment (ROI) of 0.01 (1%). Stoploss: The stop-loss level is set at -0.01 (-1%).
If the price of an asset drops below this level, the strategy will trigger a sell signal.
Trailing Stop: The strategy utilizes a trailing stop mechanism, which means that as the price of the asset increases, the stop-loss level will be adjusted upwards to lock in profits.
Trailing Stop Positive: The trailing stop will be adjusted by 0.001 (0.1%) in the positive direction, allowing for some flexibility in capturing potential gains. Timeframe: The strategy operates on the 1-hour timeframe, meaning it analyzes and executes trades based on hourly price data. In terms of indicator calculations, the strategy does not utilize any specific indicators and simply returns the input dataframe unchanged. When populating the buy trend, the strategy assigns a value of 1 to the 'buy' column in the dataframe, indicating a buy signal. When populating the sell trend, the strategy assigns a value of 0 to the 'sell' column in the dataframe, indicating a sell signal. Overall, the strategy aims to generate profits by setting a trailing stop-loss level and capturing upward price movements while protecting against potential losses.