Help on MACD Strategy

• 06/20/2019 at 7:48 PM #101114
  Abz

  Hello,trying out an simple macd strategy. If someone coud help , much appreciated.

  for Long:

  1. once macd crosses over 0 and the next 3 bars on macd line is green
  2. then place and buy order “x”pips below the close price of the 3rd bar

   

  For short:

  1. once macd crosses under 0 and the next 3 bars are red
  2. then place a short order “x”pips over the close price of the 3rd bar

   

  see also attached screen

   

  // Definition of code parameters DEFPARAM Preloadbars = 10000 DEFPARAM CumulateOrders = False // Cumulating positions deactivated // indicators mac = MACDline[12,26,9](close) Positions = 10 IF not onmarket and mac crosses over 0 THEN buy Positions SHARES AT MARKET ENDIF IF not onmarket and mac crosses under 0 THEN sellshort Positions SHARES AT MARKET ENDIF Set target pprofit 50 set stop ploss 50

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  // Definition of code parameters DEFPARAM Preloadbars = 10000 DEFPARAM CumulateOrders = False // Cumulating positions deactivated   // indicators mac = MACDline[12,26,9](close)   Positions = 10     IF not onmarket and mac crosses over 0  THEN buy Positions SHARES AT MARKET ENDIF   IF not onmarket and mac crosses under 0  THEN sellshort Positions SHARES AT MARKET ENDIF     Set target pprofit 50 set stop ploss 50

   

   

   

  

  Abz

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  06/21/2019 at 7:04 AM #101124
  jebus89

  3 red / green candles:

   

  redcandle1 = close < open redcandle2 = close[1] < open[1] redcandle3 = close[2] < open[2] threeredcandle = redcandle1 and redcandle2 and redcandle3 greencandle1 = close > open greencandle2 = close[1] > open[1] greencandle3 = close[2] > open[2] threegreencandle = greencandle1 and greeencandle2 and greencandle3

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  redcandle1 = close < open redcandle2 = close[1] < open[1] redcandle3 = close[2] < open[2]   threeredcandle = redcandle1 and redcandle2 and redcandle3   greencandle1 = close > open greencandle2 = close[1] > open[1] greencandle3 = close[2] > open[2]   threegreencandle = greencandle1 and greeencandle2 and greencandle3

  And heres the “place an order below/above closed candle:

  y2 = close - (10*pointsize) if buytime then buy 1 contract at y limit endif y1 = close + (10*pointsize) if shorttime then sellshort 1 contract at y2 limit endif

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  y2 = close - (10*pointsize)   if buytime then buy 1 contract at y limit endif   y1 = close + (10*pointsize)   if shorttime then sellshort 1 contract at y2 limit endif

   

   

  So your entire code would look like this:

  // Definition of code parameters DEFPARAM Preloadbars = 10000 DEFPARAM CumulateOrders = False // Cumulating positions deactivated // indicators mac = MACDline[12,26,9](close) redcandle1 = close < open redcandle2 = close[1] < open[1] redcandle3 = close[2] < open[2] threeredcandle = redcandle1 and redcandle2 and redcandle3 greencandle1 = close > open greencandle2 = close[1] > open[1] greencandle3 = close[2] > open[2] threegreencandle = greencandle1 and greeencandle2 and greencandle3 Positions = 10 macbuy = mac crosses over 0 macshort = mac crosses under 0 buytime = macbuy[2] and threegreencandle shorttime = macshort[2] and threeredcandle y1 = close + (10*pointsize) y2 = close - (10*pointsize) IF not onmarket and buytime THEN buy Positions SHARES AT y2 limit ENDIF IF not onmarket and shorttime THEN sellshort Positions SHARES AT y1 limit ENDIF Set target pprofit 50 set stop ploss 50

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  // Definition of code parameters DEFPARAM Preloadbars = 10000 DEFPARAM CumulateOrders = False // Cumulating positions deactivated // indicators mac = MACDline[12,26,9](close)   redcandle1 = close < open redcandle2 = close[1] < open[1] redcandle3 = close[2] < open[2] threeredcandle = redcandle1 and redcandle2 and redcandle3 greencandle1 = close > open greencandle2 = close[1] > open[1] greencandle3 = close[2] > open[2] threegreencandle = greencandle1 and greeencandle2 and greencandle3 Positions = 10   macbuy = mac crosses over 0 macshort = mac crosses under 0     buytime = macbuy[2] and threegreencandle shorttime = macshort[2] and threeredcandle     y1 = close + (10*pointsize) y2 = close - (10*pointsize) IF not onmarket and buytime THEN buy Positions SHARES AT y2 limit ENDIF IF not onmarket and shorttime THEN sellshort Positions SHARES AT y1 limit ENDIF Set target pprofit 50 set stop ploss 50

   

  3 users thanked author for this post.

  nonetheless, Abz, Nicolas

  

  jebus89

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  06/21/2019 at 7:45 AM #101128
  jebus89

  Just noticed you might have asked for 3 red macd bars and not 3 red candles in photo. Do you want the 3 bars to be lower/higher then the last one? or does it only matter that they are red/green?

   

  This is for 3 red macd histogram bars that goes lower and lower: (just do the “>” for higher and higher for long trades)

  indicator1 = MACD[12,26,9](close) c1 = (indicator1 < 0) indicator2 = MACD[12,26,9](close) c2 = (indicator2[1] < 0) indicator3 = MACD[12,26,9](close) c3 = (indicator3[2] < 0) indicator4 = MACD[12,26,9](close) c4 = (indicator4 < indicator4[1]) indicator5 = MACD[12,26,9](close) c5 = (indicator5[1] < indicator5[2])

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  indicator1 = MACD[12,26,9](close) c1 = (indicator1 < 0) indicator2 = MACD[12,26,9](close) c2 = (indicator2[1] < 0) indicator3 = MACD[12,26,9](close) c3 = (indicator3[2] < 0) indicator4 = MACD[12,26,9](close) c4 = (indicator4 < indicator4[1]) indicator5 = MACD[12,26,9](close) c5 = (indicator5[1] < indicator5[2])

  If you only want 3 red bars and it dosnt matter which is bar is lower then the other then just remove c4 and c5

   

   

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  Abz

  

  jebus89

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  06/21/2019 at 8:18 AM #101135
  GraHal

  I’m watching with interest … please post curve and stats on here Abz  and thanks goes to  jebus89 for the coding!

  

  GraHal

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  06/21/2019 at 5:22 PM #101180
  Abz

  Thanks Jebus , i will do some backtests and report back

  1 user thanked author for this post.

  GraHal

  

  Abz

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  12/29/2020 at 10:41 AM #155524
  Andrea

  Good post. How about to filter signals of sideways market? Thx

  

  Andrea

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