The SMAOG strategy is a trading strategy that uses simple moving averages (SMA) and exponential moving averages (EMA) to generate buy and sell signals for cryptocurrencies or other financial assets. Here's a breakdown of the strategy:
The strategy calculates two types of moving averages: SMA and EMA. The specific type of moving average used for buying and selling is determined by the parameters set in the strategy.
The strategy also uses various parameters to set thresholds and offsets for buying and selling.
These parameters include the number of candles to consider for buying and selling, offset values for determining buy and sell prices, and thresholds for identifying bad trading pairs.
The strategy populates indicators such as moving average offsets, bad pair flags, 50-day exponential moving average (ema_50), 200-day exponential moving average (ema_200), and relative strength index (rsi_exit). The populate_buy_trend function is responsible for generating buy signals based on specific conditions. These conditions include the ema_50 being greater than ema_200, the current price being above ema_200, the pair not being flagged as bad, the current price being below the buy offset, and positive volume. The populate_sell_trend function generates sell signals based on conditions such as the current price being above the sell offset, certain price and RSI exit conditions, and positive volume. The strategy also includes parameters and settings for stop-loss, minimum return on investment (ROI), trailing stop, order types (limit and market), and order time in force. Overall, the SMAOG strategy combines moving average indicators and other conditions to identify potential buying and selling opportunities in the cryptocurrency market.