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The Scalp strategy is designed to generate multiple potential buy signals and aim for small profits on each trade. It is recommended to have at least 60 parallel trades at any given time to cover unavoidable losses. The strategy focuses on selling based on Return on Investment (ROI).
Key Components of the Strategy: Minimal ROI: The strategy aims for a minimal return on investment of 0.01 (1%).
Stop Loss: The optimal stop loss is set at -0.04 (-4%).
Trades will be exited if the loss exceeds this threshold. Timeframe: The strategy operates on a 1-minute timeframe, aiming for short-term trades. Indicators: Exponential Moving Averages (EMA): Three EMAs are calculated using the high, close, and low prices with a time period of 5. Stochastic Fast: Fast stochastic indicators (fastk and fastd) are calculated with parameters (5, 3, 0, 3, 0). Average Directional Index (ADX): The ADX indicator is calculated. Bollinger Bands: The lower, upper, and middle bands of the Bollinger Bands are calculated using a 20-day window and 2 standard deviations. Buy Trend: The buy signal is generated when the following conditions are met: The open price is below the EMA low. ADX is greater than 30. Both fastk and fastd are below 30, and fastk has crossed above fastd. Sell Trend: The sell signal is generated when either of the following conditions are met: The open price is equal to or higher than the EMA high. Either fastk or fastd has crossed above 70. Please note that this is a brief summary of the Scalp strategy, and further details and optimizations can be explored within the code.
Key Components of the Strategy: Minimal ROI: The strategy aims for a minimal return on investment of 0.01 (1%).
Stop Loss: The optimal stop loss is set at -0.04 (-4%).
Trades will be exited if the loss exceeds this threshold. Timeframe: The strategy operates on a 1-minute timeframe, aiming for short-term trades. Indicators: Exponential Moving Averages (EMA): Three EMAs are calculated using the high, close, and low prices with a time period of 5. Stochastic Fast: Fast stochastic indicators (fastk and fastd) are calculated with parameters (5, 3, 0, 3, 0). Average Directional Index (ADX): The ADX indicator is calculated. Bollinger Bands: The lower, upper, and middle bands of the Bollinger Bands are calculated using a 20-day window and 2 standard deviations. Buy Trend: The buy signal is generated when the following conditions are met: The open price is below the EMA low. ADX is greater than 30. Both fastk and fastd are below 30, and fastk has crossed above fastd. Sell Trend: The sell signal is generated when either of the following conditions are met: The open price is equal to or higher than the EMA high. Either fastk or fastd has crossed above 70. Please note that this is a brief summary of the Scalp strategy, and further details and optimizations can be explored within the code.
stoploss: -0.04 timeframe: 1m hash(sha256): e7dca7c74ce5ef04cceca52f988463828242e66cc9aaefe8bcef8ea63db2720d
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last change: 2022-07-02 19:54:08