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Rikj000 avatar Rikj000 commented on July 26, 2024 1

Perhaps a better implementation (or additional) could be to add a customizable/hyperoptable weighted_signal_cooldown period for individual weighted signals in use.

After thinking it over I think it would be better to stick to the first idea instead of this, since false re-triggers also go accompanied with false opposite signals (if buy => sell and if sell => buy).
So this would lead to the cooldown window activating on a false signal and perhaps being blocked on the real signal.

Better would be to stick to the 1st idea where a few different signals in a short lookback window can trigger only once. in the lookback window.

from monigomani.

Rikj000 avatar Rikj000 commented on July 26, 2024

Perhaps a better implementation (or additional) could be to add a customizable/hyperoptable weighted_signal_cooldown period for individual weighted signals in use.

Reasons behind idea:

  • To prevent signals from firing again for X candles/minutes after they trigger
  • As an attempt to get too many buy signals under control
  • To prevent false re-triggers of signals shortly after the first time they went off

RSI for example usually takes many candles before it goes from 30 back to 70, and then then another rather long amount to go back down from 70 to 30.
So it would be safe to throw in a decent sized cooldown window for each (buy/sell).
To prevent false re-triggers shortly after.
(False re-triggers can be explained by zooming out to bigger candles, then you can often see that the trend indeed still had more to go down or up before reversing again, thus RSI bumps around a few times)
This could also cause missed opportunities due to the same reason though, so I'd try to make it hyperoptable or at least configurable so we can tweak to our own liking

from monigomani.

Rikj000 avatar Rikj000 commented on July 26, 2024

HyperOpt still needs to finish to completion but already pushed the code and closing the issue since clear improvements can already be seen 🎉
MGM-FireOnlyOnceInLookback

from monigomani.

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