The MyQuickTrade strategy is a trading strategy designed to backtest and analyze trading performance. Here's a short description of what the strategy does:
The strategy uses a 5-minute timeframe for trading decisions. It requires a minimum of 50 candles before producing valid signals.
The strategy calculates two indicators: rolling_min and perc_change.
The rolling_min indicator represents the minimum closing price over a window of 6 candles.
The perc_change indicator calculates the percentage change in the closing price compared to the rolling_min value. The buy signal is generated when the perc_change exceeds a threshold of 0.2 (20%). Only the first buying opportunity within a window is considered. The sell signal is not implemented in this strategy and is left empty. The strategy uses limit orders for both buying and selling. The strategy has a minimal ROI (return on investment) of 0.02 (2%). A stop loss of -0.02 (-2%) is set to limit potential losses. There is no trailing stop implemented in the strategy. The strategy does not use any sell signals and ignores ROI if a buy signal is present. The strategy applies a sparsify function that keeps only the first buy signal within a window. This strategy focuses on identifying buying opportunities when the price exceeds a certain threshold compared to the minimum price over a recent window. It does not implement any specific sell conditions, so it's important to further refine and customize the sell logic according to your trading goals and preferences.