The "powerx" strategy is based on Markus Heitkoetter's PowerX strategy and is used for trading. Here is a brief explanation of how the strategy works:
Timeframe: The strategy operates on a daily timeframe. Stoploss: The stop loss is set at -100.0 (units depend on the trading asset).
Minimal ROI: The minimal return on investment is set to 100%.
Order Types: The strategy uses limit orders for buying and selling, market orders for emergency selling and stop loss.
Stop loss orders are also placed on the exchange. Plot Configuration: The strategy includes several plots for visual analysis, including Simple Moving Average (SMA), Moving Average Convergence Divergence (MACD), Relative Strength Index (RSI), and Stochastic Oscillator (STOCH). Indicators:
SMA: Calculates the Simple Moving Average with a time period of 20. RSI: Calculates the Relative Strength Index with a time period of 7. STOCH: Calculates the Stochastic Oscillator with fastk_period=14, slowk_period=3, slowk_matype=0, slowd_period=3, and slowd_matype=0. MACD: Calculates the Moving Average Convergence Divergence with fastperiod=12, fastmatype=0, slowperiod=26, slowmatype=0, signalperiod=9, and signalmatype=0. Buy Trend:
The strategy generates a buy signal when the following conditions are met:
RSI is greater than 50. Slowd (Stochastic Oscillator %D) is greater than 50. MACD histogram (the difference between MACD and its signal line) is greater than 0. Sell Trend:
The strategy generates a sell signal when any of the following conditions are met:
RSI is less than 50. Slowd (Stochastic Oscillator %D) is less than 50. MACD histogram (the difference between MACD and its signal line) is less than 0. Please note that this is a simplified explanation, and the actual implementation may involve additional details or considerations.