Strategy002 is a trading strategy developed by Gerald Lonlas. The strategy aims to generate profits by identifying specific market conditions for buying and selling assets. Here are the key components of the strategy:
Timeframe: The strategy operates on a 5-minute timeframe.
Minimal ROI: The strategy has predefined minimal return on investment (ROI) targets for different holding periods.
The targets are set at 1% for 60 minutes, 3% for 30 minutes, 4% for 20 minutes, and 5% for immediate (0-minute) selling.
Stoploss: The strategy has a predefined stoploss level set at -10%, which means that if the price of an asset drops by 10% from the entry point, the strategy will trigger a sell signal to limit losses. Indicators: The strategy uses several technical indicators to make buy and sell decisions. These indicators include Stochastic Oscillator (slowk), Relative Strength Index (RSI), Fisher Transform of RSI (fisher_rsi), Bollinger Bands (bb_lowerband), Parabolic SAR (sar), and Hammer Candlestick Pattern (CDLHAMMER). Buy Signal: The strategy generates a buy signal when the following conditions are met:
RSI is below 30 (oversold condition). Stochastic Oscillator (slowk) is below 20. The lower Bollinger Band (bb_lowerband) is above the closing price. A Hammer Candlestick Pattern (CDLHAMMER) is detected. Sell Signal: The strategy generates a sell signal when the following conditions are met:
The Parabolic SAR (sar) is above the closing price. The Fisher Transform of RSI (fisher_rsi) is above 0.3. Trailing Stoploss: The strategy does not use a trailing stoploss feature. Order Types: The strategy uses limit orders for both buying and selling. The stoploss order is set as a market order. Please note that this is a brief description of the Strategy002 trading strategy, and there may be additional nuances and details involved in its implementation.