The "bbrsi" strategy is a default strategy provided by the Freqtrade bot. It aims to generate profits by trading based on the combination of Bollinger Bands and the Relative Strength Index (RSI) indicator. Here's a breakdown of how the strategy works:
Indicators:
RSI: Calculates the RSI values for the given DataFrame.
Bollinger Bands: Calculates the upper, middle, and lower bands based on the typical price of the DataFrame.
Buy Signal: The strategy generates a buy signal when the following conditions are met: RSI value is greater than 30.
The closing price is below the lower Bollinger Band. Sell Signal: The strategy generates a sell signal when the following condition is met: The closing price is above the middle Bollinger Band. Risk Management: Minimal ROI: Defines the minimum desired return on investment for the strategy at different stages. Stoploss: Sets the optimal stop loss for the strategy. Ticker Interval: Specifies the recommended ticker interval for the strategy. Order Types: Defines the order types to be used for buying, selling, and stop loss orders. Order Time in Force: Specifies the time in force for buy and sell orders. The strategy aims to achieve a minimum ROI at different stages while using Bollinger Bands and RSI as indicators to determine the optimal entry and exit points for trades.
Bollinger Bands: Calculates the upper, middle, and lower bands based on the typical price of the DataFrame.
Buy Signal: The strategy generates a buy signal when the following conditions are met: RSI value is greater than 30.
The closing price is below the lower Bollinger Band. Sell Signal: The strategy generates a sell signal when the following condition is met: The closing price is above the middle Bollinger Band. Risk Management: Minimal ROI: Defines the minimum desired return on investment for the strategy at different stages. Stoploss: Sets the optimal stop loss for the strategy. Ticker Interval: Specifies the recommended ticker interval for the strategy. Order Types: Defines the order types to be used for buying, selling, and stop loss orders. Order Time in Force: Specifies the time in force for buy and sell orders. The strategy aims to achieve a minimum ROI at different stages while using Bollinger Bands and RSI as indicators to determine the optimal entry and exit points for trades.
stoploss: -0.99 timeframe: 1h hash(sha256): e3d70ec8635b2f6b672668134366c84ef7bbf3170007139eb3f6dfce9271626f indicators: upper mid lower bb_middleband rsi close bb_upperband bb_lowerband
No similar strategies found. (based on used indicators)
last change: 2024-05-02 23:40:21