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The "Simple" strategy is a trading strategy based on the book "The Simple Strategy". It uses various technical indicators to generate buy and sell signals. Here is a breakdown of the strategy:
Indicators used:
MACD (Moving Average Convergence Divergence): Calculates the MACD line, signal line, and histogram.
RSI (Relative Strength Index): Calculates the RSI based on a time period of 7.
Buy Signal: A buy signal is generated when the following conditions are met: MACD is above 0 and rising (MACD > 0 and MACD > MACD signal).
Bollinger Bands' upper band is increasing (current upper band > previous upper band). RSI is above 70. Sell Signal: A sell signal is generated when the RSI is above 80. Risk Management: Minimal ROI (Return on Investment): The strategy aims for a minimal ROI of 0.01 (1%). Stop Loss: The optimal stop loss for the strategy is set at -0.25 (-25%). Timeframe: The strategy is designed to work on a 5-minute timeframe. Please note that this is a simplified explanation, and for a more detailed understanding of the strategy, you can refer to the book "The Simple Strategy" by Gert Wohlgemuth.
RSI (Relative Strength Index): Calculates the RSI based on a time period of 7.
Buy Signal: A buy signal is generated when the following conditions are met: MACD is above 0 and rising (MACD > 0 and MACD > MACD signal).
Bollinger Bands' upper band is increasing (current upper band > previous upper band). RSI is above 70. Sell Signal: A sell signal is generated when the RSI is above 80. Risk Management: Minimal ROI (Return on Investment): The strategy aims for a minimal ROI of 0.01 (1%). Stop Loss: The optimal stop loss for the strategy is set at -0.25 (-25%). Timeframe: The strategy is designed to work on a 5-minute timeframe. Please note that this is a simplified explanation, and for a more detailed understanding of the strategy, you can refer to the book "The Simple Strategy" by Gert Wohlgemuth.
startup_candle_count : 1000 Recursive Analysis found no issues while using 1000 startup_candle_count
stoploss: -0.25 timeframe: 5m hash(sha256): 09e3882210dd3c5cc132b33398fcafdb018dad16792f853adb8178815606de1c indicators: macdsignal upper mid lower close rsi bb_middleband macd bb_lowerband bb_upperband macdhist
No similar strategies found. (based on used indicators)
last change: 2023-06-28 03:14:39