SlowPotato is a slow order strategy designed for backtesting trading strategies. It is based on averages calculated over a period of 5 days and is executed on a 5-minute interval. The strategy aims to buy when the current price reaches or falls below the average low of the past 5 days and sell when the current price reaches or exceeds the average high of the past 5 days.
The strategy uses the following indicators and settings:
Minimal ROI (Return on Investment): The default setting is to sell at a ROI of 99%.
This can be overridden to sell at a specific ROI threshold.
Stoploss: The default stoploss is set at -99%. Timeframe: The optimal timeframe for this strategy is 5 minutes. Trailing Stoploss: This feature is enabled with a positive offset of 0.02 and an additional positive offset of 0.03. Experimental Settings: The strategy uses sell signals and sells for profit only. It also ignores ROI calculations if there is a buy signal. Order Types: The strategy uses "market" orders for buying, selling, and stoploss. Order Time in Force: The orders are set to "gtc" (good 'til canceled). Candle Processing: The strategy does not limit indicator calculations to new candles only. The strategy's buying condition is as follows:
If the current candle's low price is less than or equal to the 5-day average low and the volume is greater than 0, a buy signal is generated. The strategy's selling condition is as follows:
If the current candle's high price is greater than or equal to the 5-day average high and the volume is greater than 0, a sell signal is generated. Note: This strategy is still under development and testing. Suggestions and improvements are welcome.