The Quickie strategy is a momentum-based trading strategy designed to close trades quickly while minimizing losses. It uses several technical indicators to make buy and sell decisions. Indicators used:
MACD (Moving Average Convergence Divergence): It calculates the MACD line, the MACD signal line, and the MACD histogram.
TEMA (Triple Exponential Moving Average): It calculates the TEMA line.
SMA (Simple Moving Average): It calculates the 200-period and 50-period SMA lines.
ADX (Average Directional Index): It calculates the ADX value. Buy conditions:
ADX is greater than 30. TEMA is below the Bollinger Bands' middle band. TEMA is increasing compared to the previous period. SMA 200 is above the current closing price. Sell conditions:
ADX is greater than 70. TEMA is above the Bollinger Bands' middle band. TEMA is decreasing compared to the previous period. The strategy aims to achieve a minimal return on investment (ROI) with predefined values and uses a stop loss of -0.25 to limit losses. The ticker interval for the strategy is set to 5 minutes.