The Quickie strategy is a momentum-based trading strategy designed to close trades quickly while avoiding excessive losses. It uses several indicators to make trading decisions. Indicators used:
MACD (Moving Average Convergence Divergence): The strategy calculates the MACD line, signal line, and histogram.
TEMA (Triple Exponential Moving Average): The strategy calculates the TEMA indicator with a time period of 9.
SMA (Simple Moving Average): The strategy calculates two SMA indicators with time periods of 200 and 50.
ADX (Average Directional Index): The strategy calculates the ADX indicator. Buy Signal:
The strategy generates a buy signal when the following conditions are met:
ADX is greater than 30. TEMA is below the Bollinger Bands middle band. TEMA is higher than its previous value. SMA 200 is greater than the closing price. Sell Signal:
The strategy generates a sell signal when the following conditions are met:
ADX is greater than 70. TEMA is above the Bollinger Bands middle band. TEMA is lower than its previous value. Risk Management:
Minimal ROI (Return on Investment): The strategy aims for a minimum ROI of 1% within 100 candles, 3% within 30 candles, 6% within 15 candles, and 15% within 10 candles. Stop Loss: The strategy sets a stop loss at -25%, aiming to limit losses. Timeframe:
The strategy is optimized for a 5-minute timeframe. Please note that this is a brief description of the strategy. For a detailed understanding, it is recommended to review the complete code implementation.