The "powerxhopt" strategy is a trading strategy based on Markus Heitkoetter's PowerX strategy. It is designed to be used for backtesting trading strategies on a website. Here are the important parts of the strategy:
Timeframe: The strategy operates on daily (1d) timeframe data.
Indicators: The strategy uses several indicators to make trading decisions.
It calculates the Simple Moving Average (SMA) with a time period of 20, Relative Strength Index (RSI) with a time period of 7, Slow Stochastic Oscillator (slowd and slowk) with fastk_period=14, slowk_period=3, slowk_matype=0, slowd_period=3, slowd_matype=0, and Moving Average Convergence Divergence (MACD) with fastperiod=12, fastmatype=0, slowperiod=26, slowmatype=0, signalperiod=9, signalmatype=0.
Buy Signal: The strategy generates a buy signal when the RSI is greater than a specified value (rsi_hline) and the slowd of the Slow Stochastic Oscillator is greater than a specified value (stoch_hline), and the MACD histogram is greater than 0. Sell Signal: The strategy generates a sell signal when the slowd of the Slow Stochastic Oscillator is less than a specified value (stoch_hline). Order Types: The strategy uses limit orders for buying and selling, and market orders for emergency selling and stop-loss. It also has parameters related to stop-loss on the exchange. Plotting: The strategy includes plots for the SMA, MACD, RSI, and slowd of the Slow Stochastic Oscillator. This strategy can be used to backtest various trading strategies on the website by adjusting the parameters and analyzing the generated buy and sell signals based on the indicators.