The strategy004 is a trading strategy designed for backtesting purposes. It uses various technical indicators to generate buy and sell signals for a given financial instrument. Here's a breakdown of what the strategy does:
Indicators:
ADX (Average Directional Index): Calculates the strength of a trend.
CCI (Commodity Channel Index): Identifies overbought and oversold conditions.
Stoch (Stochastic Oscillator): Measures the momentum of price movements.
Slow Stoch: A slower version of the Stochastic Oscillator. EMA (Exponential Moving Average): Calculates the average price over a specified time period. Buy Signal Conditions: The strategy generates a buy signal when the following conditions are met: ADX is greater than 50 or slowADX is greater than 26. CCI is below -100. The previous fastk and fastd values are both below 20. The previous slowfastk and slowfastd values are both below 30. The previous fastk value is lower than the previous fastd value. The current fastk value is higher than the current fastd value. The mean volume is greater than 0.75. The closing price is higher than 0.00000100. Sell Signal Conditions: The strategy generates a sell signal when the following conditions are met: slowADX is below 25. Either fastk or fastd is above 70. The previous fastk value is lower than the previous fastd value. The closing price is higher than the EMA5 (Exponential Moving Average with a time period of 5). Overall, the strategy aims to identify potential buying opportunities when the market shows signs of a strong trend and certain indicators suggest oversold conditions. It also aims to sell when the market shows signs of a reversal or when the price exceeds a certain moving average.
CCI (Commodity Channel Index): Identifies overbought and oversold conditions.
Stoch (Stochastic Oscillator): Measures the momentum of price movements.
Slow Stoch: A slower version of the Stochastic Oscillator. EMA (Exponential Moving Average): Calculates the average price over a specified time period. Buy Signal Conditions: The strategy generates a buy signal when the following conditions are met: ADX is greater than 50 or slowADX is greater than 26. CCI is below -100. The previous fastk and fastd values are both below 20. The previous slowfastk and slowfastd values are both below 30. The previous fastk value is lower than the previous fastd value. The current fastk value is higher than the current fastd value. The mean volume is greater than 0.75. The closing price is higher than 0.00000100. Sell Signal Conditions: The strategy generates a sell signal when the following conditions are met: slowADX is below 25. Either fastk or fastd is above 70. The previous fastk value is lower than the previous fastd value. The closing price is higher than the EMA5 (Exponential Moving Average with a time period of 5). Overall, the strategy aims to identify potential buying opportunities when the market shows signs of a strong trend and certain indicators suggest oversold conditions. It also aims to sell when the market shows signs of a reversal or when the price exceeds a certain moving average.
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stoploss: -0.3 timeframe: 5m hash(sha256): 2274250b7cb6215911fdb5c6f6fb707c8532d1ac45872a84cb2ad184c0bb65c9 indicators: meanvolume slowfastkprevious slowfastdprevious adx slowfastd volume slowadx close cci fastkprevious ema5 fastd fastk slowfastk fastdprevious
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last change: 2024-07-27 16:15:14