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The SmaRsiStrategy is a trading strategy that uses a combination of Simple Moving Average (SMA) and Relative Strength Index (RSI) indicators to generate buy and sell signals. Here's a breakdown of its main components:
Timeframe: The strategy operates on a daily timeframe (1d), meaning it analyzes one-day candlesticks to make trading decisions. Startup Candle Count: The strategy requires a minimum of 25 historical candles before it generates valid signals.
ROI (Return on Investment): The strategy aims for a minimal ROI (take profit) of 0.99 (99% return).
It also sets a stop loss at -0.10 (-10% loss) to limit potential losses.
Trailing Stop: This setting is disabled (False), meaning the strategy doesn't dynamically adjust the stop loss as the price moves in favor of the trade. Sell Signal Configuration: The strategy utilizes the RSI indicator to generate sell signals. It triggers a sell when the RSI drops below 50 and the closing price crosses below the 21-day Simple Moving Average (sma21). Buy Signal Configuration: The strategy generates buy signals when the RSI is above 50 and the closing price crosses above the 21-day Simple Moving Average (sma21). Indicator Population: The strategy uses the populate_indicators function to calculate the RSI and two Simple Moving Averages (sma21 and sma50) based on the historical candlestick data. By combining these indicators and rules, the strategy attempts to identify potential buying opportunities when the price is trending upwards and the RSI indicates a bullish market sentiment. Conversely, it aims to sell when the RSI suggests a bearish market sentiment and the price crosses below the moving average. Please note that this is a simplified description, and the full functionality and performance of the strategy can only be fully understood by analyzing the complete code and backtesting it on historical data.
ROI (Return on Investment): The strategy aims for a minimal ROI (take profit) of 0.99 (99% return).
It also sets a stop loss at -0.10 (-10% loss) to limit potential losses.
Trailing Stop: This setting is disabled (False), meaning the strategy doesn't dynamically adjust the stop loss as the price moves in favor of the trade. Sell Signal Configuration: The strategy utilizes the RSI indicator to generate sell signals. It triggers a sell when the RSI drops below 50 and the closing price crosses below the 21-day Simple Moving Average (sma21). Buy Signal Configuration: The strategy generates buy signals when the RSI is above 50 and the closing price crosses above the 21-day Simple Moving Average (sma21). Indicator Population: The strategy uses the populate_indicators function to calculate the RSI and two Simple Moving Averages (sma21 and sma50) based on the historical candlestick data. By combining these indicators and rules, the strategy attempts to identify potential buying opportunities when the price is trending upwards and the RSI indicates a bullish market sentiment. Conversely, it aims to sell when the RSI suggests a bearish market sentiment and the price crosses below the moving average. Please note that this is a simplified description, and the full functionality and performance of the strategy can only be fully understood by analyzing the complete code and backtesting it on historical data.
stoploss: -0.1 timeframe: 1d hash(sha256): 3e33a2bde708e70d7d7ea38a7a5fcb445a518413d4dc81a173df553fed12e387 indicators: sma21 close rsi sma50
No similar strategies found. (based on used indicators)
last change: 2023-07-03 19:33:51