The Simple strategy is based on the book "The Simple Strategy" and aims to provide a powerful trading approach for futures. It uses several indicators to make buy and sell decisions. Indicators used:
MACD (Moving Average Convergence Divergence): Calculates the MACD line, signal line, and histogram.
RSI (Relative Strength Index): Calculates the RSI based on a time period of 7.
Buy conditions:
MACD is above 0 and above the signal line.
Bollinger Bands' upper band is increasing. RSI is above 70. Sell conditions:
RSI is above 80. The strategy sets the minimal ROI (Return on Investment) to 0.01 and the stop loss to -0.25. It operates on a ticker interval of 5 minutes. The strategy also populates additional data for graphing purposes, including Bollinger Bands' lower and middle bands. By backtesting different trading strategies, you can evaluate their performance and make informed decisions about their effectiveness in different market conditions.