Rainbow Strategy Backtesting base on "Rainbow Moving Average" Strategy as below: 1.Rainbow Moving Average setup - Source: source of 1st MA - Type: SMA/EMA - Period: period of 1st MA - Displacement: period of 2nd MA to 7th MA with source is previous MA 2.Trend Define - Up Trend: Main MA moving at the top of Rainbow - Down Trend: Main MA moving at the bottom of Rainbow - Sideway: Main MA moving between the top and the bottom of Rainbow 3.Signal - Buy Signal: When Rainbow change to Up Trend. - Sell Signal: When Rainbow change to Down Trend. - Exit: When Rainbow change to Sideway. 4.RSI Filter - "Enable": Only signals have 1st RSI moving between Overbought and Oversold and 2nd RSI moving outside Middle Channel are accepted. - The filter may help trader avoid bull trap, bear trap and choppy market. 5.Backtesting Infomation - Ticker: BTCUSDT - Timeframe: H1 - Rainbow parameter: + Source: hlc3 + Type: SMA + Period: 12 + Displacement: 3 - RSI Filter parameter: + Enable + 1st RSI filter: period 12, overbought 65, oversold 35 + 2nd RSI filter: period 9, upper middle 56, lower middle 44
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Add Take profit by ATR - "Enable": Target of position equal to multiplier x atr(period)
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Apply RSI Divergence to pass the signals filtered by Middle Channel