hamster-bot
ShadowOverlap
A strategy that trades a bounce off a long candle wick. If a candle has a long upper wick, a short level is built at a set part of that wick. When the price returns to this level a few days later, the bot opens short expecting another bounce. For long - mirrored on the lower wick.
Exit in parts: two partial take-profits and a final take-profit, plus a stop-loss and moving the stop to breakeven.
Order type used: Market or Limit (entry), Limit (take-profits) and Stop (stop-loss).
Parameters
Settings are set separately for the short and long blocks:
percent_input- minimum wick length in % of the price at the edge of the candle body (default 5)wick_level_percent- at which part of the wick the entry level is built: 0% - edge of the body, 100% - end of the wick (default 90)size_candle- enter only if the distance between the level and the current price is more than the set % (default 7)days_to_wait- how many days must pass after the level appears before it can be traded (default 1)use_new_filter,wick_level_percent2- trade only a "fresh" level: if the price has already reached thewick_level_percent2% level of the wick (default 20), the level counts as used uptp1_dist,tp1_qty- first take-profit: distance in % from the entry price and share of the position in % (default 4% and 70%)tp2_dist,tp2_qty- second take-profit (default 6% and 15%)tp3_dist- final take-profit for the rest of the position (default 9%)sl_dist- stop-loss in % of the entry price (default 18)no_loss_trigger,no_loss_value- breakeven: when the profit reachesno_loss_trigger%, the stop is moved into profit by (no_loss_trigger-no_loss_value) %. 0 - off
Common settings:
use_market- enter with a market order when the price reaches the level (default). If off, a limit order at the level is placed in advance when the price comes closer thansize_candle%notify_only- signal mode: the bot does not trade, it only sends entry and exit notifications to Telegram
Backtest the strategy on historical data in the tester and run it in hamster-bot.