Today I present you a rather simple, but very profitable MACD strategy. Since I trade it with cryptocurrencies, the settings have been adjusted. I discovered the strategy on a YouTube channel and tried to transfer it as a strategy into a script.
Tested with the crypto pair ETH/USDT in the 15 minute chart.
There is the possibility to switch between short and long positions.
ENTRY The MACD indicator must cross below the histogram. If it crosses when the price is below the EMA, only short positions are traded. Above the EMA - long.
EXIT The Lowest Low (long) / highest high (short) serves as the stop loss. The TP is formed on the basis of a factor. (SL multiplied by factor 2.1 = TP).
The red lines are used to illustrate the SL. Above for short positions below for long positions.
The results of the strategy are without commissions and levers.
If you have any questions or feedback, please let me know in the comments.
If you need more information about the strategy and want to know exactly how to apply it, check out my profile.
I wish you good luck with the strategy!
Note di rilascio
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I have added the possibility of a stop loss buffer. This subtracts / adds the Lowest Low / highest high with a fixed value.
Note di rilascio
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Entries for short and long positions are now displayed by an arrow. Fixed a bug with the EMA. It is now usable in all time windows.
Hi! this strategy has repainting? and I don't really understand the lookback thing. Thank you
TradingStrategyCheck
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@thomigomez, Hey thomi, the strategy does not repaint. For an explanation about the lookback, just have a look at my profile. I have published a video in which I explain the lookback. Maximum success!
ccoltmanm
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Can you add an alert option for the buy/sell sl/tp?
leedchampion79
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Hi. This is great. Can you tell me if the long and short signals are generated at the close of the candle or using intermediate prices? Thanks
TradingStrategyCheck
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@leedchampion55, hey :) they are generated by the close of the candles.
@TradingStrategyCheck, thinking a really cool feature for this would be adding an alertcondition when the signal is created? Showing entry, stop and Tp target. I’m very new to pine script so a bit advanced for me. What do you think?
TradingStrategyCheck
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@leedchampion55, Hey - I will try to update all scripts little by little and include the ideas of my newer scripts. There I have already integrated the sl and tp in the form of a dynamic table. Good luck to you in the market!
CasperBuilds
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This strategy works insanely well in bull markets. Not doing so well in bear markets.