The FrostAuraM8Strategy is a trading strategy that makes purchase and sell decisions based on the RSI (Relative Strength Index) and the overall performance of the asset from its previous candlesticks. Here are the key components of the strategy:
Minimal ROI: The strategy aims for a minimal return on investment (ROI) based on predefined values. Stoploss: The strategy has an optimal stoploss value, which is the maximum acceptable loss for a trade.
Trailing stoploss: This feature is disabled in this strategy.
Timeframe: The strategy is optimized for a 4-hour ticker interval.
Candle count: The strategy requires a minimum number of candles (30) before producing valid signals. Indicators: The strategy populates the RSI indicator for the given dataframe. Buy signal: The strategy generates a buy signal when the RSI is within a specified range (buy_rsi) and the close price is above a minimum value. Sell signal: The strategy generates a sell signal when the RSI is within a specified range (sell_rsi), or the percentage price change from the previous candle is above a certain threshold (sell_percentage). The strategy provides default parameter values for the buy and sell signals, but these can be adjusted in the configuration. Please note that this is a brief description of the strategy based on the provided code. The strategy may have additional features or considerations not mentioned here.