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The FixedRiskRewardLoss strategy is designed to enforce a fixed risk/reward ratio for trading. Here's a breakdown of how it works:
The strategy calculates a dynamic initial stoploss using the Average True Range (ATR) and the last negative peak. The initial stoploss is determined by subtracting twice the ATR value from the closing price.
The strategy also considers a risk/reward ratio, which is a user-defined parameter.
Once the initial risk is calculated, it is multiplied by the risk/reward ratio to determine the take profit threshold.
If the current profit exceeds the break-even point (determined by a user-defined parameter), the stoploss is adjusted to minimize losses by setting it to the buy rate plus fees. If the current profit exceeds the take profit threshold, the stoploss is set to the take profit price. The strategy uses SAR (Stop and Reverse) as a placeholder indicator for generating buy signals. It buys when SAR is smaller than the previous candle. The strategy does not generate sell signals and holds the position indefinitely. The strategy uses the talib library for calculating technical indicators such as ATR and SAR. It also utilizes the freqtrade library for backtesting and trading functionalities.
The strategy also considers a risk/reward ratio, which is a user-defined parameter.
Once the initial risk is calculated, it is multiplied by the risk/reward ratio to determine the take profit threshold.
If the current profit exceeds the break-even point (determined by a user-defined parameter), the stoploss is adjusted to minimize losses by setting it to the buy rate plus fees. If the current profit exceeds the take profit threshold, the stoploss is set to the take profit price. The strategy uses SAR (Stop and Reverse) as a placeholder indicator for generating buy signals. It buys when SAR is smaller than the previous candle. The strategy does not generate sell signals and holds the position indefinitely. The strategy uses the talib library for calculating technical indicators such as ATR and SAR. It also utilizes the freqtrade library for backtesting and trading functionalities.
stoploss: -0.9 timeframe: 5m hash(sha256): 642f5a83d4c1f8eef58feccf75b38e02c81c06497c7fe9b0091498dcb277a97a
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last change: 2022-07-02 19:54:08