TaSimpleStrategy PingPong Parameters
These parameters are used for the PingPong strategy part. To better understand what is it please refer to the TaSimpleStrategy article.
Most of the parameters used to control the PingPong algorithm are identical to the parameters used for BreakUp: These are
- Enable
- AllowedDepositPc
- EnableStopLoss
- StopLossPc
- MinProfitPc
- AllowTrailing
- TrailingStopLossPc
- DCAStartPercent
- DCAStartAmountFraction
- DCAEndPercent
- DCAEndAmountFraction
- DCALevelCount
So please refer to the BreakUp Parameters article to understand what these parameters do.
The other parameters, related to PingPong:
- MinimalPriceRangeInPc - specifies minimal price range in percent of current price between support and resistance.
- HighBoundPc - specifies the hight bound of the price range (near resistance level) reaching which the strategy will close position.
- LowBoundPc - specifies the low bound of the price range (near support level) reaching which the strategy will open a long position.
- SupportLevelLenght - specifies minimal support level length in candle items, after which strategy can detect PingPong.
The picture with an explanation of first three parameters:)
And this is how SupportLevelLength works:
