The Quickie strategy is a momentum-based trading strategy designed for quick trades while minimizing losses. It utilizes various indicators to make buy and sell decisions. Indicators used:
MACD (Moving Average Convergence Divergence)
MACD line (macd)
Signal line (macdsignal)
MACD histogram (macdhist)
TEMA (Triple Exponential Moving Average)
SMA (Simple Moving Average)
SMA with a time period of 200 (sma_200)
SMA with a time period of 50 (sma_50)
ADX (Average Directional Index)
Buy signal conditions:
ADX is greater than 30
TEMA is below the middle Bollinger Band (bb_middleband)
TEMA is increasing (greater than the previous value)
SMA with a time period of 200 is above the closing price
Sell signal conditions:
ADX is greater than 70
TEMA is above the middle Bollinger Band
TEMA is decreasing (less than the previous value)
The strategy aims to achieve the following minimal return on investment (ROI) at different time periods:
Within 100 time periods: 1% ROI
Within 30 time periods: 3% ROI
Within 15 time periods: 6% ROI
Within 10 time periods: 15% ROI
The stop loss is set at -25%, indicating that a trade will be closed if the price decreases by 25% from the entry point.
The strategy operates on a 5-minute timeframe.