The ReinforcedSmoothScalp strategy is designed to generate a large number of potential buy signals and make small profits on each trade. The strategy recommends having at least 60 parallel trades at any given time to cover unavoidable losses. Here are the key features of the strategy:
Minimal ROI (Return on Investment): The strategy aims for a minimal ROI of 2%.
Stoploss: The strategy sets a stoploss of -10%, which means that if a trade incurs a loss of 10% or more, it will be closed.
Timeframe: The strategy operates on a 1-minute timeframe, aiming for quick trades.
Resample factor: The strategy uses a resample factor of 5 to establish the general trend. It avoids buying if a trend is not present. Indicators: The strategy utilizes various technical indicators, including Simple Moving Average (SMA), Exponential Moving Average (EMA), Stochastic Fast (fastd and fastk), Average Directional Index (ADX), Commodity Channel Index (CCI), Relative Strength Index (RSI), and Money Flow Index (MFI). Buy Conditions: The strategy checks for conditions such as low MFI, fastd and fastk values, and high ADX, along with static conditions such as crossing above between fastk and fastd and the resampled SMA being lower than the close price. It also verifies that the volume is not zero. Sell Conditions: The strategy checks for conditions such as the open price being higher than the EMA high, high MFI, fastd and fastk values, low ADX, and high CCI. It also ensures that the volume is not zero. Please note that this is a brief description of the strategy, and there may be additional intricacies and details that are not covered here.