Initial Capital: The strategy starts with an initial capital of $50,000. Execution: Trades are executed on every price tick to capture all potential movements. Contract Size: The default position size is one contract per trade. Timeframe: Although not explicitly mentioned, this strategy is intended for a one-minute timeframe. RSI Calculation: The Relative Strength Index (RSI) is calculated over a user-defined period (default is 14 periods). Standard Deviation: The script calculates the standard deviation of the change in RSI values to determine the threshold for entering trades. Exhaustion Detection: Before entering a long or short position, the script checks for exhaustion in the RSI’s momentum. This is to avoid entering trades during extreme conditions where a reversal is likely. Entry Conditions: A long position is entered when the current RSI momentum exceeds the standard deviation threshold and is less than the previous momentum multiplied by an exhaustion factor. A short position is entered under the opposite conditions. Limit Orders for Exit: Instead of traditional stop loss and take profit orders, the strategy uses limit orders to exit positions. This means the strategy sets a desired price level to close the position and waits for the market to reach this price. Profit Target and Stop Loss: The script allows setting a profit target and stop loss in terms of ticks, which are the smallest measurable increments in price movement for the traded asset.
blah blah whatever
Notes de version
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Initial Capital: The strategy starts with an initial capital of $50,000. Execution: Trades are executed on every price tick to capture all potential movements. Contract Size: The default position size is one contract per trade. Timeframe: Although not explicitly mentioned, this strategy is intended for a one-minute timeframe. RSI Calculation: The Relative Strength Index (RSI) is calculated over a user-defined period (default is 14 periods). Standard Deviation: The script calculates the standard deviation of the change in RSI values to determine the threshold for entering trades. Exhaustion Detection: Before entering a long or short position, the script checks for exhaustion in the RSI’s momentum. This is to avoid entering trades during extreme conditions where a reversal is likely. Entry Conditions: A long position is entered when the current RSI momentum exceeds the standard deviation threshold and is less than the previous momentum multiplied by an exhaustion factor. A short position is entered under the opposite conditions. Limit Orders for Exit: Instead of traditional stop loss and take profit orders, the strategy uses limit orders to exit positions. This means the strategy sets a desired price level to close the position and waits for the market to reach this price. Profit Target and Stop Loss: The script allows setting a profit target and stop loss in terms of ticks, which are the smallest measurable increments in price movement for the traded asset.
blah blah whatever
Notes de version
⋅
Initial Capital: The strategy starts with an initial capital of $50,000. Execution: Trades are executed on every price tick to capture all potential movements. Contract Size: The default position size is one contract per trade. Timeframe: Although not explicitly mentioned, this strategy is intended for a one-minute timeframe. RSI Calculation: The Relative Strength Index (RSI) is calculated over a user-defined period (default is 14 periods). Standard Deviation: The script calculates the standard deviation of the change in RSI values to determine the threshold for entering trades. Exhaustion Detection: Before entering a long or short position, the script checks for exhaustion in the RSI’s momentum. This is to avoid entering trades during extreme conditions where a reversal is likely. Entry Conditions: A long position is entered when the current RSI momentum exceeds the standard deviation threshold and is less than the previous momentum multiplied by an exhaustion factor. A short position is entered under the opposite conditions. Limit Orders for Exit: Instead of traditional stop loss and take profit orders, the strategy uses limit orders to exit positions. This means the strategy sets a desired price level to close the position and waits for the market to reach this price. Profit Target and Stop Loss: The script allows setting a profit target and stop loss in terms of ticks, which are the smallest measurable increments in price movement for the traded asset.