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The strategy, named "TheRealPullbackV2," is designed for backtesting trading strategies. It aims to buy during market dips and sell after a recovery. Here are the important components of the strategy:
Indicators:
Bollinger Bands (bb_lowerband, bb_middleband, bb_upperband): Used to identify price volatility and potential entry points.
Bollinger Band width (bb_width): Measures the width between the upper and lower Bollinger Bands to gauge volatility.
RSI (rsi): Relative Strength Index indicates overbought and oversold conditions.
Directional Movement Index (plus_di, minus_di): Measures the strength of positive and negative price movements. Commodity Channel Index (cci): Identifies overbought and oversold conditions based on price deviation from its average. Money Flow Index (mfi): Measures the inflow and outflow of money in a security. Chaikin Money Flow (cmf): Estimates buying and selling pressure based on price and volume. RMI: Relative Momentum Index combines price and volume to identify potential reversals. Stochastic RSI (srsi_fk, srsi_fd): Measures the current RSI value relative to its range over a specified period. Percentage Volume Oscillator (pvo): Compares short-term and long-term volume averages to identify potential price trends. Entry conditions: The strategy identifies a market dip based on the following criteria: RMI is below 20. CCI is less than or equal to -150. Stochastic RSI (fastk) is below 20. MFI is below 25. Chaikin Money Flow (cmf) is less than or equal to -0.1. Additionally, the strategy checks for a breakout: Bollinger Band width is greater than 0.025. The number of consecutive closes below the lower Bollinger Band is greater than 1. The current price is below 0.99 times the lower Bollinger Band. Exit conditions: The strategy defines sell signals based on the following criteria: The price crosses below the middle Bollinger Band or the upper Bollinger Band. Other important details: The strategy sets a minimal return on investment (ROI) of 100%. A stop loss of -0.035 (3.5%) is implemented. The strategy operates on 5-minute timeframe data. It only processes new candles and ignores ROI if a buy signal is present. The strategy requires a startup candle count of 200 before executing trades. Note: This description provides an overview of the strategy's components and their functions. Further analysis and testing are necessary to assess its performance and suitability for specific trading scenarios.
Bollinger Band width (bb_width): Measures the width between the upper and lower Bollinger Bands to gauge volatility.
RSI (rsi): Relative Strength Index indicates overbought and oversold conditions.
Directional Movement Index (plus_di, minus_di): Measures the strength of positive and negative price movements. Commodity Channel Index (cci): Identifies overbought and oversold conditions based on price deviation from its average. Money Flow Index (mfi): Measures the inflow and outflow of money in a security. Chaikin Money Flow (cmf): Estimates buying and selling pressure based on price and volume. RMI: Relative Momentum Index combines price and volume to identify potential reversals. Stochastic RSI (srsi_fk, srsi_fd): Measures the current RSI value relative to its range over a specified period. Percentage Volume Oscillator (pvo): Compares short-term and long-term volume averages to identify potential price trends. Entry conditions: The strategy identifies a market dip based on the following criteria: RMI is below 20. CCI is less than or equal to -150. Stochastic RSI (fastk) is below 20. MFI is below 25. Chaikin Money Flow (cmf) is less than or equal to -0.1. Additionally, the strategy checks for a breakout: Bollinger Band width is greater than 0.025. The number of consecutive closes below the lower Bollinger Band is greater than 1. The current price is below 0.99 times the lower Bollinger Band. Exit conditions: The strategy defines sell signals based on the following criteria: The price crosses below the middle Bollinger Band or the upper Bollinger Band. Other important details: The strategy sets a minimal return on investment (ROI) of 100%. A stop loss of -0.035 (3.5%) is implemented. The strategy operates on 5-minute timeframe data. It only processes new candles and ignores ROI if a buy signal is present. The strategy requires a startup candle count of 200 before executing trades. Note: This description provides an overview of the strategy's components and their functions. Further analysis and testing are necessary to assess its performance and suitability for specific trading scenarios.
stoploss: -0.035 timeframe: 5m hash(sha256): 60e8ed4c861bf1748615885cfe0673717eb68931b4234b5d8dd41a35b2424ddf indicators: upper slowEMA pvo close bb_lowerband mfi fastk srsi_fk volume srsi_fd bb_bottom_cross plus_di fastd rmi is_break high mid bb_width cci cmf minus_di lower cm is_dip bb_middleband rsi fastEMA bb_upperband low buy_signal
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Strategy: TheRealPullbackV2, Similarity Score: 96.77%
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last change: 2022-07-02 19:54:08