FlowerPowerX
FlowerPowerX is a Freqtrade-based cryptocurrency trading strategy, designed to leverage technical analysis for automated trading. This repository includes tools to optimize and evaluate trading performance comprehensively.
- Utilizes Head & Shoulders patterns for market trend reversals.
- This strategy is in development and highly experimental dont expect to get the following results in live trading at this stage.
Tools
summarize_backtest_results.py
Automates backtest results analysis, providing key performance metrics for strategy evaluation.
BackTestingExt.sh
A shell script to streamline strategy testing phases including data downloading, backtesting, and result plotting. Offers detailed analysis commands for further optimization.
Installation
Clone this repository and follow Freqtrade's setup instructions.
Usage
- Refer to individual scripts for detailed usage guidelines.
To-Do List
Strategy Enhancements
- Refine Entry and Exit Criteria: Explore additional technical indicators to refine the strategy's entry and exit points.
- Implement Stop-Loss and Take-Profit Strategies: Develop and integrate dynamic stop-loss and take-profit mechanisms based on market volatility.
Performance Optimization
- Optimize Parameters: Define key parameters and use hyperparameter optimization to find the most effective settings for the strategy.
Backtest Against Various Market Conditions: Conduct thorough backtesting across different market phases (bull, bear, and sideways markets).
Volume Analysis
- Enhance Volume Analysis: Explore more sophisticated volume analysis techniques to improve trade confirmation.
- Correlate Volume with Price Movements: Develop strategies that better correlate volume spikes with significant price movements.
Code Improvements
- Refactor Code for Efficiency: Review and refactor the code to improve efficiency and readability.
- Implement Error Handling: Add comprehensive error handling to improve the robustness of the strategy.
Contribution
Contributions are welcome.