The Quickie strategy is a momentum-based trading strategy that aims 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): Calculates the MACD line, signal line, and histogram.
TEMA (Triple Exponential Moving Average): Calculates the TEMA line.
SMA (Simple Moving Average): Calculates the SMA for a given time period.
ADX (Average Directional Index): Calculates the ADX value. Buy Condition:
ADX is greater than 30. TEMA is below the middle Bollinger Band. TEMA is increasing compared to the previous time period. SMA 200 is above the closing price. Sell Condition:
ADX is greater than 70. TEMA is above the middle Bollinger Band. TEMA is decreasing compared to the previous time period. Risk Management:
Minimal ROI (Return on Investment): Specifies the target ROI for the strategy at different time intervals. Stop Loss: Defines the maximum acceptable loss percentage. Ticker Interval:
The strategy is optimized for a 5-minute ticker interval. The Quickie strategy aims to capitalize on short-term momentum trends while applying risk management measures to limit losses.