A script to test the Whitebox strategy of the trading robot eVe.
Lines
The blue line is the moving average and the reference point for the other lines.
The black line is the moving average for closing all positions.
Lime lines - a shifted moving average for opening a long position using a limit order.
Red lines - a shifted moving average for opening a short position using a limit order.
Strategy
Long positions are opened with a limit order at the price of the lime line.
Short positions are opened with a limit order at the price of the red line.
Any positions shall be closed by a limit order at the black line price.
Only limit orders shall be used at all times.
This is a counter-trend strategy.
Symbols
This is a very versatile strategy. It can be profitable on any trading pairs, on any asset class, and on any timeframe. But it requires the right parameters to perform well (see recommendations below).
Recommendations
The more volatile the asset, the better the strategy will work.
The more volatility, the more you need to set a slider for your orders.
The larger the time frame, the greater the number of slots required for orders.
Short positions are less profitable and more risky.
Short positions can be disabled altogether, it can be useful.
The strategy works very well for Crypto/Crypto trading pairs (e.g. ETH/BTC, DOGE/ETH, etc)