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The "heikin" strategy is designed for backtesting trading strategies. It uses the Heikin Ashi candlestick technique to identify trends. Here's a short description of what the strategy does:
The strategy is not recommended for live trading as it's still in development and only suitable for trend identification.
The timeframe used for analysis is 1 hour.
The minimal return on investment (ROI) is set to 10%.
The stop loss is set to -0.99, which means that if the trade goes against the expected direction by 99%, it will be closed. The strategy populates various indicators to aid in decision-making. These indicators include: Heikin Ashi close (hclose): Average of open, high, low, and close prices. Heikin Ashi open (hopen): Average of previous two open and close prices. Heikin Ashi high (hhigh): Maximum value among open, close, and high prices. Heikin Ashi low (hlow): Minimum value among open, close, and low prices. Exponential moving average of hclose (emac): Smoothed version of hclose data to reduce noise. Exponential moving average of hopen (emao): Smoothed version of hopen data. The populate_buy_trend function identifies buying opportunities based on the condition that emao (exponential moving average of hopen) is less than emac (exponential moving average of hclose). The populate_sell_trend function identifies selling opportunities based on the condition that emao is greater than emac. By backtesting different trading strategies using this heikin strategy, you can evaluate their performance and make informed decisions about their effectiveness.
The timeframe used for analysis is 1 hour.
The minimal return on investment (ROI) is set to 10%.
The stop loss is set to -0.99, which means that if the trade goes against the expected direction by 99%, it will be closed. The strategy populates various indicators to aid in decision-making. These indicators include: Heikin Ashi close (hclose): Average of open, high, low, and close prices. Heikin Ashi open (hopen): Average of previous two open and close prices. Heikin Ashi high (hhigh): Maximum value among open, close, and high prices. Heikin Ashi low (hlow): Minimum value among open, close, and low prices. Exponential moving average of hclose (emac): Smoothed version of hclose data to reduce noise. Exponential moving average of hopen (emao): Smoothed version of hopen data. The populate_buy_trend function identifies buying opportunities based on the condition that emao (exponential moving average of hopen) is less than emac (exponential moving average of hclose). The populate_sell_trend function identifies selling opportunities based on the condition that emao is greater than emac. By backtesting different trading strategies using this heikin strategy, you can evaluate their performance and make informed decisions about their effectiveness.
startup_candle_count : 1000 Recursive Analysis found no issues while using 1000 startup_candle_count
stoploss: -0.99 timeframe: 1h hash(sha256): 07066eafd68797351eb47db30804fbc8776de7e7e25afb651718565e7e387821 indicators: high emac openclosehigh hopen close hlow hhigh opencloselow open low emao hclose
No similar strategies found. (based on used indicators)
last change: 2023-07-01 20:49:48