GBPUSD long only strategy based on ROC and MACD

• 05/26/2016 at 2:17 PM #8129
  markouk

  GBPUSD Long Only & Bull Market Strategy – Based on ROC and MACD. While I am getting to learn how to create these codes here is a simple one that yields a profit for this year on 1 hour bars. I am trying to create a strategy that only buys into breakouts. Not sure playing with ROC is a good idea but does seem to yield good results if used with other indicators.

  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated // Conditions to enter long positions indicator1 = ROC[100](close) c1 = (indicator1 >= 0.5) IF c1 THEN BUY 2 PERPOINT AT MARKET ENDIF // Conditions to exit long positions indicator2 = MACDline[12,26,7](close) indicator3 = Average[21](MACD[15,34,15](close)) c2 = (indicator2 CROSSES UNDER indicator3) IF c2 THEN SELL AT MARKET ENDIF // Stops and targets SET STOP %LOSS 0.5

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22

  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated   // Conditions to enter long positions indicator1 = ROC[100](close) c1 = (indicator1 >= 0.5)   IF c1 THEN BUY 2 PERPOINT AT MARKET ENDIF   // Conditions to exit long positions indicator2 = MACDline[12,26,7](close) indicator3 = Average[21](MACD[15,34,15](close)) c2 = (indicator2 CROSSES UNDER indicator3)   IF c2 THEN SELL  AT MARKET ENDIF   // Stops and targets SET STOP %LOSS 0.5

   

  

  markouk

  Participant

  Topics: 8

  Replies: 22

  Been thanked: 0 times
  05/27/2016 at 7:57 PM #8253
  Yannick

  Hi

  ROC can be a good indicator unfortunately people use more often normalised indicator such as rsi.

  Do you backtest it with other pairs ?

  Do you already code it for short position?

  

  Yannick

  Participant

  Topics: 13

  Replies: 106

  Been thanked: 28 times
• Author
  Posts