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The "StrategyQuickReturns" strategy is a momentum-based trading strategy designed for backtesting. The main objective of this strategy is to close trades quickly while avoiding significant losses. It uses various technical indicators to make buying and selling decisions.
Here are the important parts of the strategy: Minimal ROI: The strategy defines a minimal return on investment (ROI) for each trade.
If the ROI is not met, the trade is not executed.
The minimal ROI values are defined as follows: ROI of 0.01 (100%) within 100 time units ROI of 0.03 (3%) within 30 time units ROI of 0.06 (6%) within 15 time units ROI of 0.15 (15%) within 10 time units Stoploss: The strategy sets an optimal stop loss value of -0.25. If the trade starts losing more than 25% of its value, it will be automatically closed to limit further losses. Timeframe: The strategy operates on a 5-minute timeframe, meaning it analyzes price data in 5-minute intervals. Indicators: The strategy uses several technical indicators to assist in decision-making: Moving Average Convergence Divergence (MACD): It calculates the MACD line, signal line, and histogram. Triple Exponential Moving Average (TEMA): It calculates a smoother moving average using the TEMA formula. Simple Moving Averages (SMA): It calculates the 200-period and 50-period SMAs. Average Directional Index (ADX): It calculates the ADX value, which indicates the strength of a trend. Buy Trend: The strategy defines conditions for initiating a buy trade. It looks for the following conditions: ADX value is greater than 30. TEMA is below the middle Bollinger Band. TEMA is increasing compared to the previous time unit. SMA 200 is greater than the closing price. Sell Trend: The strategy defines conditions for initiating a sell trade. It looks for the following conditions: ADX value is greater than 70. TEMA is above the middle Bollinger Band. TEMA is decreasing compared to the previous time unit. The strategy uses these indicators and conditions to generate buy and sell signals within the backtesting framework.
Here are the important parts of the strategy: Minimal ROI: The strategy defines a minimal return on investment (ROI) for each trade.
If the ROI is not met, the trade is not executed.
The minimal ROI values are defined as follows: ROI of 0.01 (100%) within 100 time units ROI of 0.03 (3%) within 30 time units ROI of 0.06 (6%) within 15 time units ROI of 0.15 (15%) within 10 time units Stoploss: The strategy sets an optimal stop loss value of -0.25. If the trade starts losing more than 25% of its value, it will be automatically closed to limit further losses. Timeframe: The strategy operates on a 5-minute timeframe, meaning it analyzes price data in 5-minute intervals. Indicators: The strategy uses several technical indicators to assist in decision-making: Moving Average Convergence Divergence (MACD): It calculates the MACD line, signal line, and histogram. Triple Exponential Moving Average (TEMA): It calculates a smoother moving average using the TEMA formula. Simple Moving Averages (SMA): It calculates the 200-period and 50-period SMAs. Average Directional Index (ADX): It calculates the ADX value, which indicates the strength of a trend. Buy Trend: The strategy defines conditions for initiating a buy trade. It looks for the following conditions: ADX value is greater than 30. TEMA is below the middle Bollinger Band. TEMA is increasing compared to the previous time unit. SMA 200 is greater than the closing price. Sell Trend: The strategy defines conditions for initiating a sell trade. It looks for the following conditions: ADX value is greater than 70. TEMA is above the middle Bollinger Band. TEMA is decreasing compared to the previous time unit. The strategy uses these indicators and conditions to generate buy and sell signals within the backtesting framework.
stoploss: -0.25 timeframe: 5m hash(sha256): 69f1310945e14f46d2fca38554f0eb11d55485ebf2d7db88510951ca7efde83b
Was not able to fetch indicators from Strategyfile.
last change: 2022-07-11 04:20:29