[SHARE] Simple RSI BULL/BEAR strategy

[tommiehansen]

Oh ye of little faith. It'll take over 10 days for the script to get up to full speed assuming you're using 15 minute candles. Either way, using 15 minute candles and other default settings, it is currently in bear mode.
That's means for it to submit a sell order, RSI has to go above the Bear RSI High Setting of 50. It looks like it may have done this in the past hour or so, so your sell price may have been around 9100-9200.
In other words, set it and forget it. It's not going to make you moon gains overnight. I had to wait 9 days for it to make to a sell order, eventually selling at a loss of 27% - but that's ok... as long term this formula has shown moderate success. I'm only letting it play with like 5% of my portfolio anyway, until I can trust it a bit more.

I honestly dont think crypto will have another bull run like in christmas. I think that was a big factor in the results of this strategy. If you take out the bull run this strategy doesnt work. I would highly suggest finding a strategy that will trade 1-5% multiple times a day instead of waiting for a bull run. The electricity to run and wait is not worth it right now.

You do not seem to get how this particular strategy works or that different params has different outcomes?
There are a lot of combination of settings that works for the BEAR-trends as well if one actually takes the time to test it properly.
The default params is just a default that work most of the times on longer time series (meaning not a day or a week).

You seem to expect that you could just run the strategy and it would be instant profit within a day or two?
I can tell you right now that such a thing will never happen (but do feel free to share a strategy that always creates instant profits).

Also, and this is very important:
When running live make 100% sure that Gekko actually downloads the data needed, else the strategy will be stuck in BEAR-mode until there is enough data so that BULL-mode can even be considered. Your "Warmup period" needs to reflect whatever value you use for SMA_long AND you also must be certain that Gekko actually downloads the necessary data. The BEAR-mode of the strategy is by default very defensive and will nor buy or sell if RSI-values are quite low.