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Strategy 002, developed by Gerald Lonlas, is a trading strategy that uses technical indicators to generate buy and sell signals. The strategy operates on a 5-minute timeframe and aims to achieve a specific return on investment (ROI). The strategy employs the following indicators:
Stochastic Oscillator (STOCH): Calculates the current position of the closing price relative to the high-low range over a specified period.
It uses the slow %K value.
Relative Strength Index (RSI): Measures the speed and change of price movements.
The strategy considers the RSI value. Fisher Transform on RSI: Applies the inverse Fisher transform to the RSI values, transforming them to a range between -1 and 1. Bollinger Bands: Plots a band above and below the typical price to indicate overbought and oversold levels. SAR Parabol: Parabolic SAR (Stop and Reverse) indicator used to identify potential reversals in the price direction. Hammer Candlestick Pattern (CDLHAMMER): Identifies hammer candlestick patterns. The buy signal is generated when the following conditions are met simultaneously: RSI is below 30 Stochastic %K is below 20 Bollinger Bands lower band is greater than the closing price Hammer candlestick pattern is present The sell signal is generated when the following conditions are met: SAR Parabol is above the closing price Fisher Transform on RSI is above 0.3 The strategy also includes settings for minimal ROI (return on investment), stop loss, and trailing stop. It allows customization of order types and provides options for using sell signals, selling for profit only, and ignoring ROI if a buy signal is present. To use this strategy, you can run the script "main.py" with the strategy parameter set to "Strategy002".
It uses the slow %K value.
Relative Strength Index (RSI): Measures the speed and change of price movements.
The strategy considers the RSI value. Fisher Transform on RSI: Applies the inverse Fisher transform to the RSI values, transforming them to a range between -1 and 1. Bollinger Bands: Plots a band above and below the typical price to indicate overbought and oversold levels. SAR Parabol: Parabolic SAR (Stop and Reverse) indicator used to identify potential reversals in the price direction. Hammer Candlestick Pattern (CDLHAMMER): Identifies hammer candlestick patterns. The buy signal is generated when the following conditions are met simultaneously: RSI is below 30 Stochastic %K is below 20 Bollinger Bands lower band is greater than the closing price Hammer candlestick pattern is present The sell signal is generated when the following conditions are met: SAR Parabol is above the closing price Fisher Transform on RSI is above 0.3 The strategy also includes settings for minimal ROI (return on investment), stop loss, and trailing stop. It allows customization of order types and provides options for using sell signals, selling for profit only, and ignoring ROI if a buy signal is present. To use this strategy, you can run the script "main.py" with the strategy parameter set to "Strategy002".
stoploss: -0.1 timeframe: 5m hash(sha256): 258f987b5121bfe358c394c513b67fea812fca12d7e6ab81c7c19a7dd4e4858f indicators: slowk lower fisher_rsi close rsi bb_lowerband CDLHAMMER sar
No similar strategies found. (based on used indicators)
last change: 2022-07-02 19:54:08