The Simple strategy is based on the book "The Simple Strategy" by Gert Wohlgemuth. It aims to provide a powerful trading approach for futures. The strategy utilizes several technical indicators to generate buy and sell signals.
Indicators used:
MACD (Moving Average Convergence Divergence): The strategy calculates the MACD line, signal line, and histogram.
RSI (Relative Strength Index): The strategy calculates the RSI using a time period of 7.
Buy signal conditions:
MACD is above 0. MACD is greater than the MACD signal line. Bollinger Bands upper band is increasing. RSI is greater than 70. Sell signal conditions:
RSI is greater than 80. The strategy sets a minimal ROI of 0.01 and a stop loss of -0.25. The timeframe used for analysis is 5 minutes. Note: The strategy mentions an optional filter for RSI, but further investigation is needed to understand its impact. For more details on the strategy, refer to the book "The Simple Strategy" by Gert Wohlgemuth, available on Amazon.