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The strategy implemented in the provided code is called "SMAOffsetProtectOptV1." Here is a brief description of what the strategy does:
The strategy uses a combination of moving averages (SMA) and other technical indicators to generate buy and sell signals. It aims to profit from short-term price movements while protecting against potential losses. Key features of the strategy include:
Buy Signals:
The strategy looks for buy opportunities when the closing price is below a certain offset percentage of the moving average (SMA) value.
It considers two additional conditions for buy signals: The EWO (Elliott Wave Oscillator) value is either above a specified threshold or below another threshold.
The RSI (Relative Strength Index) value is below a specified threshold.
The volume of the asset being traded must be greater than zero. Sell Signals: The strategy generates sell signals when the closing price is above a certain offset percentage of the SMA value. There are no additional conditions for sell signals other than the volume being greater than zero. Protection Mechanisms: The strategy incorporates a stop-loss mechanism with a predefined threshold (-0.5) to limit potential losses. Trailing stop functionality is disabled in this strategy. There is an option to ignore the predefined ROI (return on investment) table if a buy signal is generated. Indicator Calculation: The strategy calculates various moving average values (ma_buy and ma_sell) using different time periods. The EWO (Elliott Wave Oscillator) indicator is calculated based on two different exponential moving averages (EMA) and the closing price. The RSI (Relative Strength Index) indicator is calculated based on a 14-period timeframe. Timeframes and Informative Pairs: The strategy operates on a 5-minute timeframe for trading. It also uses a higher timeframe (1-hour) to gather additional information about the trading pair. Informative pairs are used to obtain indicators from the higher timeframe. Please note that the strategy parameters (such as offset percentages, EWO thresholds, RSI threshold, etc.) can be optimized for better performance.
It considers two additional conditions for buy signals: The EWO (Elliott Wave Oscillator) value is either above a specified threshold or below another threshold.
The RSI (Relative Strength Index) value is below a specified threshold.
The volume of the asset being traded must be greater than zero. Sell Signals: The strategy generates sell signals when the closing price is above a certain offset percentage of the SMA value. There are no additional conditions for sell signals other than the volume being greater than zero. Protection Mechanisms: The strategy incorporates a stop-loss mechanism with a predefined threshold (-0.5) to limit potential losses. Trailing stop functionality is disabled in this strategy. There is an option to ignore the predefined ROI (return on investment) table if a buy signal is generated. Indicator Calculation: The strategy calculates various moving average values (ma_buy and ma_sell) using different time periods. The EWO (Elliott Wave Oscillator) indicator is calculated based on two different exponential moving averages (EMA) and the closing price. The RSI (Relative Strength Index) indicator is calculated based on a 14-period timeframe. Timeframes and Informative Pairs: The strategy operates on a 5-minute timeframe for trading. It also uses a higher timeframe (1-hour) to gather additional information about the trading pair. Informative pairs are used to obtain indicators from the higher timeframe. Please note that the strategy parameters (such as offset percentages, EWO thresholds, RSI threshold, etc.) can be optimized for better performance.
stoploss: -0.5 timeframe: 5m hash(sha256): e9dbb633690753ec771fee8450cec598860f512a77ccb40b74e34dc85e427bbb indicators: rsi_buy ma_sell_val volume EWO ewo_high low_offset close ewo_low rsi high_offset base_nb_candles_sell base_nb_candles_buy ma_buy_val
No similar strategies found. (based on used indicators)
last change: 2022-07-02 19:54:08