EURUSD trend following strategy MACD Time frame : H2 for ProRealTime

A simple trend following strategy built with MACD default settings and ADX.
Orders are launched when the MACD cross the 0 level line and with ADX minimal value condition.
Orders have stoploss and takeprofit.

defparam cumulateorders = false

indicator = macd[12,26,9]
n = 1
adxmin = 5
profitti = 70
perdite = 60

cl = indicator crosses over 0 and summation[n](indicator[1]<0)=n and adx[14]>adxmin
cs = indicator  crosses under 0 and summation[n](indicator[1]>0)=n and adx[14]>adxmin
if cs then
 sellshort 2 contract at market
endif
if cl then
 buy 2 contract at market
endif

set target pprofit profitti
set stop ploss  perdite

Download

Filename: EURUSD-trend-following-MACD-H2.itf

Downloads: 594

Comments

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Daniel Martin

6 years ago

Hi do you know how have and entry after the second cross? There is crosses below 0 and crosse about 0 I am looking to have an entry when we have a cross below and after about

Kaci

6 years ago

It seems he's just checking that the previous MACD is < 0 for maximum one period ? I'm new too so I may be wrong

Janfi

7 years ago

Hello, I'm new to ProRealCode and I do not understand the following summation[n](indicator[1]<0)=n Can you explain it to me please ? Thanks

FREDNC

8 years ago

adx[14]>adxmin and adx[14] > adxr[14] and adx[14]>adxmin and adx[14] DIminus[3](close) and DIplus(close)>adxmin and DIplus[1](close)adxmin and even with optimisation of "adxmin " not better than your code

FREDNC

8 years ago

Hi Francesco I tried with :

juanj

8 years ago

DId some tests using MACD validations on higher timeframes using MTF functionality and unfortunately couldn't get improved results without tweaking other parameters (i.e. SL and TP) as well. Leading me to believe that either higher timeframe validations on MACD are not beneficial or the TP and SL parameters are too optimized. Either way, I like the simplicity of the strategy.

Francesco78

8 years ago

Hi, no I didnt try with ADXr but you are more than welcome to post some results of your ideas based on my strategies. Thank you

FREDNC

8 years ago

Well, I just checked the Adx advices And I understand the meaning of your code (trend) , did you try with: "Adx Adxr" ?

FREDNC

8 years ago

Hi Francesco, Maybe I didn't undersdant well your strategie but it's looks like have a mistake In the short part : "cs = indicator crosses under 0 and summation[n](indicator[1]>0)=n and adx[14]>adxmin" Should be for adx[14] Isn't it ?