The strategy is designed to trade on the Stochastic RSI indicator crossover signals.
Below are all of the trading conditions: -When the Stochastic RSI crosses above 30, a long position is entered. -When the Stochastic RSI crosses below 70, a short position is entered. -The strategy also includes two additional conditions for entry: -Long entries must have a positive spread value between the 9 period simple moving average and the 21 period simple moving average. -Short entries must have a negative spread value between the 9 period simple moving average and the 21 period simple moving average. -Long entries must also be below the volume-weighted average price. -Short entries must also be above the volume-weighted average price. -The strategy includes stop loss and take profit orders for risk management: -A stop loss of 20 ticks is placed for both long and short trades. -A take profit of 25 ticks is placed for both long and short trades.