The "powerxhopt" strategy is based on Markus Heitkoetter's PowerX strategy and is used for backtesting trading strategies. Here is a brief description of what the strategy does:
The strategy uses the 1-day timeframe for trading. The "minimal_roi" parameter sets the minimum return on investment (ROI) required for a trade to be considered profitable.
The strategy uses limit orders for buying and selling, but it can also use market orders for emergency selling and stop loss.
The main plot indicators include the simple moving average (SMA).
Additional subplots include the Moving Average Convergence Divergence (MACD), Relative Strength Index (RSI), and Stochastic (STOCH) indicators. The strategy defines two spaces for indicators: "buy" and "roi stoploss."
The strategy calculates various technical indicators, including SMA, RSI, STOCH, and MACD, using the historical price data. In the "populate_buy_trend" method, the strategy identifies buy conditions based on RSI, STOCH, and MACD indicators. In the "populate_sell_trend" method, the strategy determines sell conditions based on the STOCH indicator. Overall, the strategy aims to identify potential buying opportunities when the RSI, STOCH, and MACD indicators meet certain conditions, and it suggests selling when the STOCH indicator meets specific criteria.