The "Simple" strategy is a trading strategy based on the book "The Simple Strategy." It aims to generate profits by identifying specific market conditions. Here's a breakdown of its key components:
Indicators: The strategy uses various technical indicators to make trading decisions. It calculates the MACD (Moving Average Convergence Divergence) and its components (macd, macdsignal, macdhist), as well as the RSI (Relative Strength Index) with a time period of 7.
Bollinger Bands: The strategy also incorporates Bollinger Bands, which are used for graphing purposes.
It calculates the lower band (bb_lowerband), upper band (bb_upperband), and middle band (bb_middleband) based on the close price and a window of 12 with 2 standard deviations.
Buy Signals: The strategy generates buy signals when the following conditions are met: MACD is above 0 and greater than the MACD signal line (macd > 0 and macd > macdsignal). The upper Bollinger Band is rising compared to the previous candle (bb_upperband > bb_upperband.shift(1)). The RSI is above 70 (optional filter). Sell Signals: The strategy generates sell signals when the RSI is above 80. Risk Management: The strategy has predefined parameters for risk management: Minimal ROI (Return on Investment): It aims for a minimal ROI of 0.01 (1%). Stop-loss: The optimal stop-loss for the strategy is set at -0.25 (-25%). Ticker Interval: The strategy is designed to work with 5-minute candlestick data. This strategy can be used for backtesting different trading pairs to evaluate its performance in historical market conditions.
Bollinger Bands: The strategy also incorporates Bollinger Bands, which are used for graphing purposes.
It calculates the lower band (bb_lowerband), upper band (bb_upperband), and middle band (bb_middleband) based on the close price and a window of 12 with 2 standard deviations.
Buy Signals: The strategy generates buy signals when the following conditions are met: MACD is above 0 and greater than the MACD signal line (macd > 0 and macd > macdsignal). The upper Bollinger Band is rising compared to the previous candle (bb_upperband > bb_upperband.shift(1)). The RSI is above 70 (optional filter). Sell Signals: The strategy generates sell signals when the RSI is above 80. Risk Management: The strategy has predefined parameters for risk management: Minimal ROI (Return on Investment): It aims for a minimal ROI of 0.01 (1%). Stop-loss: The optimal stop-loss for the strategy is set at -0.25 (-25%). Ticker Interval: The strategy is designed to work with 5-minute candlestick data. This strategy can be used for backtesting different trading pairs to evaluate its performance in historical market conditions.
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stoploss: -0.25 timeframe: 5m hash(sha256): 58953b8bfdff0d15e3a3c88ecec2d63cba094eaac3f4f707d9b4d8bff5579c8a 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: 2024-07-27 08:54:42