Strategy001 is a trading strategy designed to identify buying and selling opportunities in the market. The strategy uses various technical indicators to make its decisions. Here's a breakdown of how it works:
Indicators:
Exponential Moving Average (EMA): The strategy calculates three EMAs with different time periods (20, 50, and 100).
Heikin Ashi Bars: The strategy applies the Heikin Ashi transformation to the price data, creating smoothed candlestick bars.
Buy Signal:
The strategy generates a buy signal when the following conditions are met:
The EMA20 crosses above the EMA50.
The Heikin Ashi close is above the EMA20. The Heikin Ashi open is lower than the Heikin Ashi close (green bar). Sell Signal:
The strategy generates a sell signal when the following conditions are met:
The EMA50 crosses above the EMA100. The Heikin Ashi close is below the EMA20. The Heikin Ashi open is higher than the Heikin Ashi close (red bar). Additional Features:
Minimal ROI: The strategy defines a minimal return on investment (ROI) for each timeframe, indicating the desired profit level. Stop Loss: The strategy sets a fixed stop loss value (-10%). Timeframe: The strategy is optimized for a 5-minute timeframe. Trailing Stop Loss: The strategy does not use a trailing stop loss feature. Process Only New Candles: The strategy does not recompute indicators for existing candles. Sell Signal Configuration: The strategy uses limit orders for both buying and selling and does not place stop loss on the exchange. The strategy aims to provide a systematic approach to trading by combining different indicators and generating clear buy and sell signals based on the defined conditions.