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The MyAwesomeStrategy is a trading strategy that uses the MACD (Moving Average Convergence Divergence) and AO (Awesome Oscillator) indicators to generate buy and sell signals. Here's a breakdown of the strategy:
The strategy has a minimal ROI (Return on Investment) of 0.1, which means it aims to achieve at least a 0.1% return on each trade. The stoploss is set at -0.25, indicating that if the trade goes against the strategy by 0.25%, it will be closed to limit losses.
The strategy uses a trailing stop, which means that if the trade is profitable, the stop loss level will be adjusted upwards to lock in profits.
The timeframe used for analysis and trading is 1 hour.
The strategy requires at least 20 startup candles of historical data before making any trading decisions. Indicator calculations: The strategy populates the adx (Average Directional Index) indicator, which measures the strength of a trend. The strategy calculates the ao (Awesome Oscillator) indicator using the qtpylib library, which measures market momentum based on the difference between two moving averages. The strategy calculates the MACD (Moving Average Convergence Divergence) indicator, which consists of the MACD line, the signal line, and the MACD histogram. Buy and sell signals: The buy signal is generated when the MACD line is above zero, the AO indicator is above zero, and the previous AO value was below zero. The sell signal is generated when the MACD line is below zero, the AO indicator is below zero, and the previous AO value was above zero. Overall, this strategy aims to take advantage of bullish trends when the MACD and AO indicators align, and it seeks to exit positions during bearish trends when the indicators show a reversal.
The strategy uses a trailing stop, which means that if the trade is profitable, the stop loss level will be adjusted upwards to lock in profits.
The timeframe used for analysis and trading is 1 hour.
The strategy requires at least 20 startup candles of historical data before making any trading decisions. Indicator calculations: The strategy populates the adx (Average Directional Index) indicator, which measures the strength of a trend. The strategy calculates the ao (Awesome Oscillator) indicator using the qtpylib library, which measures market momentum based on the difference between two moving averages. The strategy calculates the MACD (Moving Average Convergence Divergence) indicator, which consists of the MACD line, the signal line, and the MACD histogram. Buy and sell signals: The buy signal is generated when the MACD line is above zero, the AO indicator is above zero, and the previous AO value was below zero. The sell signal is generated when the MACD line is below zero, the AO indicator is below zero, and the previous AO value was above zero. Overall, this strategy aims to take advantage of bullish trends when the MACD and AO indicators align, and it seeks to exit positions during bearish trends when the indicators show a reversal.
stoploss: -0.25 timeframe: 1h hash(sha256): bae4b9192be9dcae14be909dca06c6e569768fca77cd0bdd6c231b38b3f6be12 indicators: macdsignal adx ao macd macdhist
No similar strategies found. (based on used indicators)
last change: 2023-10-25 23:24:08