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The BBRSIOptimizedStrategy is a trading strategy that uses the Bollinger Bands (BB) and the Relative Strength Index (RSI) indicators to generate buy and sell signals. Here's a breakdown of how the strategy works:
Indicator Calculation:
The strategy calculates the RSI indicator using the closing prices of the candles. It also calculates two sets of Bollinger Bands: one with two standard deviations (bb_lowerband_2sd) and one with one standard deviation (bb_lowerband_1sd).
These bands are based on the typical price of the candles.
Buy Signal Generation: The strategy generates a buy signal when the RSI value is greater than 12 and the closing price is below the bb_lowerband_2sd.
Sell Signal Generation: The strategy generates a sell signal when the RSI value is greater than 98 and the closing price is above the bb_lowerband_1sd. Risk Management: The strategy sets a stoploss level at -0.34524, which means that if the price drops below this level, the position will be closed with a market sell order. It also includes a trailing stoploss feature, which means that if the price goes in the desired direction, the stoploss level will be adjusted to protect profits. Plot Configuration: The strategy provides a plot configuration that visualizes the Bollinger Bands (bb_upperband, bb_midband, bb_lowerband) and the RSI indicator (rsi) on the chart. Other Parameters: The strategy uses a 15-minute timeframe for trading. It requires a startup candle count of 30 before producing valid signals. The order types for buying and selling are set to 'limit', while the stoploss order type is set to 'market'. The order time in force is set to 'gtc' (good 'til canceled). Overall, the BBRSIOptimizedStrategy aims to capture potential buying opportunities when the price is below the lower Bollinger Band and the RSI is relatively low. It looks to sell when the price is above the lower Bollinger Band and the RSI is relatively high. The strategy incorporates risk management measures such as stoploss and trailing stoploss to protect against adverse price movements.
These bands are based on the typical price of the candles.
Buy Signal Generation: The strategy generates a buy signal when the RSI value is greater than 12 and the closing price is below the bb_lowerband_2sd.
Sell Signal Generation: The strategy generates a sell signal when the RSI value is greater than 98 and the closing price is above the bb_lowerband_1sd. Risk Management: The strategy sets a stoploss level at -0.34524, which means that if the price drops below this level, the position will be closed with a market sell order. It also includes a trailing stoploss feature, which means that if the price goes in the desired direction, the stoploss level will be adjusted to protect profits. Plot Configuration: The strategy provides a plot configuration that visualizes the Bollinger Bands (bb_upperband, bb_midband, bb_lowerband) and the RSI indicator (rsi) on the chart. Other Parameters: The strategy uses a 15-minute timeframe for trading. It requires a startup candle count of 30 before producing valid signals. The order types for buying and selling are set to 'limit', while the stoploss order type is set to 'market'. The order time in force is set to 'gtc' (good 'til canceled). Overall, the BBRSIOptimizedStrategy aims to capture potential buying opportunities when the price is below the lower Bollinger Band and the RSI is relatively low. It looks to sell when the price is above the lower Bollinger Band and the RSI is relatively high. The strategy incorporates risk management measures such as stoploss and trailing stoploss to protect against adverse price movements.
stoploss: -0.345 timeframe: 15m hash(sha256): 6711c2d8596a6d81474f3c331895f10ce631cac37655dc04d8f6ea5369eb9aaf indicators: lower bb_lowerband_2sd close rsi bb_lowerband_1sd
No similar strategies found. (based on used indicators)
last change: 2023-08-01 14:22:39