OPEN-SOURCE SCRIPT

Maguila Strategy by Rodrigo Cohen

READ BEFORE USE!!!

!!!ALERT!!!! THIS CODE ONLY WORKS WITH WDO AND WIN, BOTH WITH TIMEFRAMES 1 MINUTE AND 5 MINUTE.
This is a test to the Maguila strategy created by Rodrigo Cohen.
This code MUST be validaded by Rodrigo Cohen, use ONLY for tests.
Some results are different from Cohen's videos, so the McGuinley indicator needs some ajustments.

FUTURES: ,
TIME FRAME: 1 Minute (also works in 5 minutes)
INDICATORS: McGinley Dynamic accompanied by the Exponential Moving Average coloring rule of 21 and 42 periods
MARKET TYPE: In trend (up or down)
INPUT:
1. When buying (long) = Market in an upward trend, the average of 21 crosses that of 42 upwards. When the price returns to the average of 21, wait for a positive candle in the Maguila's color and buy a break from the maximum of this signal candle.
*2. On sale (short) = Downtrend market, the average of 21 crosses that of 42 downwards. When the price returns to the average of 21, wait for a negative candle in the Maguila's color and sell when the minimum of this signal candle breaks.
GAIN and LOSS are technical.

DEFAULT VALUES:

Averages:
- 1 minute - EMA 21 and EMA 42
- 5 minute - EMA 17 and EMA 34

Gains and Loss:
- - 10 points
- - 200 points

Script open-source

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Script open-source

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