The SmoothScalp strategy is designed to generate a large number of potential buy signals and make small profits on each trade. Here are the key points of the strategy:
Minimal ROI: The strategy aims for a minimal return on investment (ROI) of 1%. Stoploss: The optimal stoploss is set at -0.5, meaning that if a trade reaches a 0.5% loss, it will be closed.
Timeframe: The strategy is optimized for a 1-minute timeframe.
Indicators: The strategy uses various technical indicators, including exponential moving averages (EMA), stochastic fast, average directional index (ADX), commodity channel index (CCI), relative strength index (RSI), money flow index (MFI), Bollinger Bands, and moving average convergence divergence (MACD).
Buy Condition: The strategy generates a buy signal when the following conditions are met:
The opening price is below the EMA low. The ADX is above 30. The MFI is below 30. The fast %K and %D lines of the stochastic indicator are both below 30 and have crossed above each other. The CCI is below -150. Sell Condition: The strategy generates a sell signal when either of the following conditions is met:
The opening price is equal to or higher than the EMA high. Either the fast %K or %D line of the stochastic indicator has crossed above 70. The CCI is above 150. It is recommended to have at least 60 parallel trades running at any given time to cover unavoidable losses.