Strategy004 is a trading strategy that aims to identify buying and selling opportunities based on various technical indicators. Here are the key components of the strategy:
Minimal ROI: The strategy defines a set of target returns on investment (ROI) at different time intervals. For example, it aims to achieve a 1% ROI within 60 time intervals, 3% ROI within 30 intervals, 4% ROI within 20 intervals, and 5% ROI within 0 intervals.
Stoploss: The strategy sets a predetermined threshold (-10%) for the maximum acceptable loss before selling an asset.
Ticker Interval: The strategy operates on 5-minute candlestick data.
Trailing Stoploss: This feature is disabled in this strategy. Process Only New Candles: The strategy doesn't limit indicator calculations to new candlesticks only. Use Sell Signal: The strategy utilizes a sell signal to determine when to sell an asset. Sell Profit Only: The strategy sells an asset only if it has made a profit. Ignore ROI If Buy Signal: The strategy doesn't ignore the predefined ROI targets even if a buy signal is present. Order Types: The strategy specifies the order types to be used for different actions (buy, sell, stop loss). The strategy uses several technical indicators to make buying and selling decisions:
ADX (Average Directional Index): It calculates the strength of a trend. CCI (Commodity Channel Index): It indicates overbought and oversold conditions. Stoch (Stochastic Oscillator): It measures the current price relative to its range over a specific period. Slow Stoch: It is a variation of the Stochastic Oscillator with a longer period. EMA (Exponential Moving Average): It calculates the average price over a specific period, giving more weight to recent prices. The strategy defines specific conditions to populate the "buy" and "sell" signals based on the values of these indicators, previous values, and other factors like volume and closing price. In summary, Strategy004 is a trading strategy that aims to identify buying opportunities when certain technical indicators align, and sell the asset when specific criteria are met, including profit targets and technical indicators signaling a potential reversal.