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The "SMAOffsetProtectOptV1" strategy is a backtesting strategy that aims to generate buy and sell signals based on various indicators. Here is a short description of what the strategy does:
Indicator Calculation:
The strategy calculates the Elliott Wave Oscillator (EWO) using the provided parameters for the fast and slow EMA lengths. It also calculates the Relative Strength Index (RSI) with a time period of 14.
Entry Conditions: The strategy looks for two entry conditions: "ewo_high": If the close price is below the buy moving average (MA) multiplied by the low offset parameter, the EWO is higher than the specified value, the RSI is below the specified value, and there is positive volume, a long position is entered.
"ewo_low": If the close price is below the buy MA multiplied by the low offset parameter, the EWO is lower than the specified value, and there is positive volume, a long position is entered.
Exit Conditions: The strategy has one exit condition: "ema sell": If the close price is above the sell MA multiplied by the high offset parameter and there is positive volume, the long position is exited. Risk Management: The strategy uses a stop loss of -0.5, meaning that if the position incurs a 0.5% loss, it is automatically sold. There is also an optional trailing stop feature, but it is disabled in this strategy. Other Parameters: The strategy defines parameters for the number of candles to consider for buy and sell MAs, the low and high offsets, the EWO range, and the RSI threshold. The strategy is optimized for a 5-minute timeframe. It uses a minimal ROI of 0.013, meaning that it aims for a 1.3% return on investment. Please note that this is just a brief description, and there may be additional nuances and details within the strategy implementation.
Entry Conditions: The strategy looks for two entry conditions: "ewo_high": If the close price is below the buy moving average (MA) multiplied by the low offset parameter, the EWO is higher than the specified value, the RSI is below the specified value, and there is positive volume, a long position is entered.
"ewo_low": If the close price is below the buy MA multiplied by the low offset parameter, the EWO is lower than the specified value, and there is positive volume, a long position is entered.
Exit Conditions: The strategy has one exit condition: "ema sell": If the close price is above the sell MA multiplied by the high offset parameter and there is positive volume, the long position is exited. Risk Management: The strategy uses a stop loss of -0.5, meaning that if the position incurs a 0.5% loss, it is automatically sold. There is also an optional trailing stop feature, but it is disabled in this strategy. Other Parameters: The strategy defines parameters for the number of candles to consider for buy and sell MAs, the low and high offsets, the EWO range, and the RSI threshold. The strategy is optimized for a 5-minute timeframe. It uses a minimal ROI of 0.013, meaning that it aims for a 1.3% return on investment. Please note that this is just a brief description, and there may be additional nuances and details within the strategy implementation.
stoploss: -0.5 timeframe: 5m hash(sha256): af83b7b19d6edfc00e232ef5315b7489fd2de361f31192ea574c370f73f04578 indicators: volume EWO close rsi ma_buy ma_sell
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last change: 2023-07-05 20:51:04