sma RSI & sudden buy and sell Strategy v1 by samwillington
By samwillington
Performance Metrics
- Author: samwillington
- Symbol: BINANCE:GLMRUSDT
- Timeframe: 3 minutes
- Net P&L: +175.48 NONE (+178.28%)
- Win Rate: 58.2%
- Profit Factor: 3.618
- Max Drawdown: 25.38 NONE (9.37%)
- Total Trades: 55
- Sharpe Ratio: 0.565
Description
This strategy uses mostly three things:-1. average RSI (sma rsi over a period)2. sudden buy and sudden sell (usually to infer the change in trend or direction)3. various EMAs ( used as a filter) I mostly build it to work on a 3min crypto chart but it should work on any timeframe or any symbol.Settings - Length -RSI length (hardly needed to be changed but sometimes it doubles the net profit)(+/-2) instant length - a sudden increase or decrease in the price calculated by the length of RSI (+/-10) Bars - No of candles to verify before starting /closing the strategy (+/-20) Lookbackno2- another variable to verify ema opening/closing (hardly needed to change) emas - values of different EMAs (you can change if you want but I don't recommend it though) over40 and over60 - the value of overbuying and overselling(+/-10)In future, I will probably add ADX or use machine learning to filter out resultsIt works well considering 0.05% commission per entry and exit (total of 1% per trade)you can message me for any query or suggestions.