The VWAP (Volume Weighted Average Price) strategy is a trading strategy that uses the VWAP indicator to identify potential buying and selling opportunities. Here's a brief explanation of what the strategy does:
The strategy calculates the VWAP indicator for a given pair and timeframe. It checks if the current candle's opening price is below the VWAP and the closing price is above the VWAP, indicating a potential buying opportunity.
It also checks for a positive MACD histogram value for the BTC/USDT pair, indicating a bullish trend.
If the criteria are met, the strategy initiates a buy order and stores the buy price.
It checks if the current candle's closing price is below the VWAP and the opening price is above the VWAP, indicating a potential selling opportunity. If the criteria are met and a buy order was previously initiated, the strategy initiates a sell order, calculates the profit percentage, sends a notification, and resets the buy price. The strategy aims to achieve a 5% return on investment (ROI) and has a stop loss set at -1%. It uses a 1-hour timeframe for trading. Please note that the strategy contains some additional code for handling live and dry run modes, calculating percentage changes, obtaining market data, and displaying colored text for console output.
It also checks for a positive MACD histogram value for the BTC/USDT pair, indicating a bullish trend.
If the criteria are met, the strategy initiates a buy order and stores the buy price.
It checks if the current candle's closing price is below the VWAP and the opening price is above the VWAP, indicating a potential selling opportunity. If the criteria are met and a buy order was previously initiated, the strategy initiates a sell order, calculates the profit percentage, sends a notification, and resets the buy price. The strategy aims to achieve a 5% return on investment (ROI) and has a stop loss set at -1%. It uses a 1-hour timeframe for trading. Please note that the strategy contains some additional code for handling live and dry run modes, calculating percentage changes, obtaining market data, and displaying colored text for console output.
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stoploss: -0.01 timeframe: 1h hash(sha256): 8c5e7856cf330ae977b9a289613bf5ce1c894ae9eebfb6538a3c00f7a8dc7c64 indicators: buy_criteria btc_macd_hist close btc_rsi sell_criteria open vwap
No similar strategies found. (based on used indicators)
last change: 2024-07-28 00:55:52