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The WaveTrendStra strategy is a trading strategy that aims to identify buying and selling opportunities based on the WaveTrend indicator. Here is a brief description of what the strategy does:
Indicator Calculation:
The strategy calculates the WaveTrend indicator using price data. It uses the EMA (Exponential Moving Average) of the typical price (average of high, low, and close) with a period of 10.
It calculates the difference between the typical price and the EMA, takes the absolute value, and calculates the EMA of this difference with a period of 10.
It calculates the Current Impulse (CI) by dividing the difference between the typical price and EMA by a constant multiple of the previous difference.
It calculates the WaveTrend 1 (wt1) by applying the EMA with a period of 21 to the CI. It calculates the WaveTrend 2 (wt2) by applying the Simple Moving Average (SMA) with a period of 4 to wt1. Buy Signal: The strategy generates a buy signal when wt1 crosses above wt2. Sell Signal: The strategy generates a sell signal when wt1 crosses below wt2. Risk Management: The strategy sets a stop-loss level at -0.25, meaning if the price moves against the trade by 0.25, it will trigger a sell signal to limit losses. Timeframe: The strategy is designed to be used on the 4-hour timeframe. Minimal ROI (Return on Investment): The strategy defines a minimal ROI of 100%, effectively disabling it for profit-taking purposes. Please note that this is a skeleton implementation, and you may need to customize it further to suit your specific backtesting website and trading preferences.
It calculates the difference between the typical price and the EMA, takes the absolute value, and calculates the EMA of this difference with a period of 10.
It calculates the Current Impulse (CI) by dividing the difference between the typical price and EMA by a constant multiple of the previous difference.
It calculates the WaveTrend 1 (wt1) by applying the EMA with a period of 21 to the CI. It calculates the WaveTrend 2 (wt2) by applying the Simple Moving Average (SMA) with a period of 4 to wt1. Buy Signal: The strategy generates a buy signal when wt1 crosses above wt2. Sell Signal: The strategy generates a sell signal when wt1 crosses below wt2. Risk Management: The strategy sets a stop-loss level at -0.25, meaning if the price moves against the trade by 0.25, it will trigger a sell signal to limit losses. Timeframe: The strategy is designed to be used on the 4-hour timeframe. Minimal ROI (Return on Investment): The strategy defines a minimal ROI of 100%, effectively disabling it for profit-taking purposes. Please note that this is a skeleton implementation, and you may need to customize it further to suit your specific backtesting website and trading preferences.
startup_candle_count : 50 wt1: 38.738% wt2: 34.655%
stoploss: -0.25 timeframe: 4h hash(sha256): 7167d7a967d9438407ac8fe6c949a7332839ff7a71833d0969dceb12a9b6c0ad indicators: high wt2 close low wt1
No similar strategies found. (based on used indicators)
last change: 2023-06-24 10:58:21