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The BBRSI2 strategy is a trading strategy that uses a combination of Bollinger Bands (BB) and Relative Strength Index (RSI) indicators to generate buy and sell signals. Here's a breakdown of how the strategy works:
Indicators:
RSI: Calculates the RSI indicator using a time period of 14. Bollinger Bands: Computes the Bollinger Bands indicator using a window size of 20 and standard deviation of 2.
It generates three bands: lower, middle, and upper.
Buy Signal: The strategy generates a buy signal when the following conditions are met: RSI value is greater than 35.
The closing price is lower than the lower Bollinger Band. Sell Signal: The strategy generates a sell signal when the following conditions are met: RSI value is greater than 75. The closing price is higher than the middle Bollinger Band. Risk Management: Minimal ROI (Return on Investment): Defines the minimum expected return on investment for each time period. It provides target sell points for profitable trades. Stop Loss: Sets a fixed stop loss level at -20% to limit potential losses. Timeframe: The strategy operates on 1-minute candlestick data. Trailing Stop: Enables trailing stop functionality to protect profits by adjusting the stop-loss level as the price moves favorably. Order Types: Specifies the order types for different scenarios, such as buy, sell, emergency sell, force buy, force sell, and stop loss. It also allows for placing stop loss orders on the exchange. Overall, the BBRSI2 strategy aims to identify potential buying opportunities when the price is near the lower Bollinger Band and the RSI indicates oversold conditions. It seeks to sell when the price is near the middle Bollinger Band and the RSI indicates overbought conditions. The strategy incorporates risk management measures, including a stop loss and minimal ROI targets, to manage risk and optimize returns.
It generates three bands: lower, middle, and upper.
Buy Signal: The strategy generates a buy signal when the following conditions are met: RSI value is greater than 35.
The closing price is lower than the lower Bollinger Band. Sell Signal: The strategy generates a sell signal when the following conditions are met: RSI value is greater than 75. The closing price is higher than the middle Bollinger Band. Risk Management: Minimal ROI (Return on Investment): Defines the minimum expected return on investment for each time period. It provides target sell points for profitable trades. Stop Loss: Sets a fixed stop loss level at -20% to limit potential losses. Timeframe: The strategy operates on 1-minute candlestick data. Trailing Stop: Enables trailing stop functionality to protect profits by adjusting the stop-loss level as the price moves favorably. Order Types: Specifies the order types for different scenarios, such as buy, sell, emergency sell, force buy, force sell, and stop loss. It also allows for placing stop loss orders on the exchange. Overall, the BBRSI2 strategy aims to identify potential buying opportunities when the price is near the lower Bollinger Band and the RSI indicates oversold conditions. It seeks to sell when the price is near the middle Bollinger Band and the RSI indicates overbought conditions. The strategy incorporates risk management measures, including a stop loss and minimal ROI targets, to manage risk and optimize returns.
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stoploss: -0.2 timeframe: 1m hash(sha256): 58f6a2d72a769ef615f71f0af66d558a1397efd08ab60cabe2625f8e8e60482d indicators: mid lower bb_middleband rsi close bb_lowerband
No similar strategies found. (based on used indicators)
last change: 2024-08-02 08:26:42