Classic MACD 200EMA Strategy

• 05/11/2023 at 11:25 AM #214512
  Marketpunk

  Hello,

  Would it be possible to get code for a strategy please as follows:-

  The trading timeframe is open to accommodate trading on all timeframes.

  A buy signal is generated when the MACD crosses up over the MACD Signal line and the signal line and MACD are below the Zero line, and price closes above the 200 Exponential Moving Average.

  Stop loss for a buy signal is based on the most recent swing low and/or the 200 period Exponential Moving Average whichever is nearest the price when the trade is taken.

  A sell signal is generated when the MACD crosses under the MACD signal line and the signal line and MACD are above the MACD Zero line, and price closes below the 200 EMA.

  Stop loss for a sell signal is based on the most recent swing high and/or the 200 period Exponential Moving average whichever is nearest the price when the trade is taken.

  Take Profit can be based on either Option 1 an adjustable Risk/Reward ratio (Trailing Stop loss to be at 0) or Option 2 an adjustable Trailing Stop loss percentage (risk /reward ratio to be at 0).

  Appreciate any assistance. Thank you

  

  Marketpunk

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  05/11/2023 at 12:12 PM #214527
  Marketpunk

  Hi, I think I this response may be for someone else. Thanks

  

  Marketpunk

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  05/12/2023 at 12:07 PM #214600
  ZeroCafeine

  I think that what you are asking for is not very complicated, here is the beginning of a code that may help you for the next step 😊

  DEFPARAM CumulateOrders = False MyMACD = MACDline[12,26,9](close) MySLine = MACDSignal[12,26,9](close) MyHis = MACD[12,26,9](close) EMA200 = ExponentialAverage[200](close) C1 = MyMACD Crosses Over MySLine C2 = MyMACD < 0 AND MySLine < 0 C3 = Close < EMA200 BuyCondition = C1 AND C2 AND C3 IF BuyCondition THEN Buy 1 Shares AT Market SET STOP pLOSS 20 ENDIF

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  DEFPARAM CumulateOrders = False   MyMACD = MACDline[12,26,9](close) MySLine = MACDSignal[12,26,9](close) MyHis = MACD[12,26,9](close) EMA200 = ExponentialAverage[200](close)   C1 = MyMACD Crosses Over MySLine   C2 = MyMACD < 0 AND MySLine < 0   C3 = Close < EMA200   BuyCondition = C1 AND C2 AND C3   IF BuyCondition THEN Buy 1 Shares AT Market SET STOP pLOSS 20 ENDIF

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  Nicolas

  

  ZeroCafeine

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  07/13/2023 at 11:18 PM #217632
  ProRealAlgos

  I took some time to add the final conditions of the strategy based on ZeroCafeines start.

  Here’s the code. Looks pretty good on DAX Daily (backtest for 200k units attached)

  DEFPARAM CumulateOrders = False MyMACD = MACDline[12,26,9](close) MySLine = MACDSignal[12,26,9](close) MyHis = MACD[12,26,9](close) EMA200 = ExponentialAverage[200](close) C1 = MyMACD Crosses Over MySLine AND MyMACD < 0 AND MySLine < 0 C2 = Close > EMA200 BuyCondition = C1 AND C2 IF BuyCondition THEN Buy 1 Shares AT Market SwingLow = lowest[10](low) // Assuming a 10-bar lookback for swing low NearestLevel = Min(SwingLow, EMA200) // Selecting the nearest level to the current price slosslevel = Tradeprice - NearestLevel set stop ploss slosslevel set stop %trailing 0.5 ENDIF C3 = MyMACD Crosses Under MySLine AND MyMACD > 0 AND MySLine > 0 C4 = Close < EMA200 SellCondition = C3 AND C4 IF SellCondition THEN Sellshort 1 Shares AT Market SwingHigh = highest[10](high) // Assuming a 10-bar lookback for swing high NearestLevel = Max(SwingHigh, EMA200) // Selecting the nearest level to the current price slosslevel = Tradeprice - NearestLevel set stop ploss slosslevel set stop %trailing 0.5 ENDIF // Take Profit options Option1RiskReward = 2 // Adjustable Risk/Reward ratio (e.g., 2 means 2:1) Option2TrailStopPercent = 0.5 // Adjustable Trailing Stop loss percentage (e.g., 0.5%) NearestStopLoss = 10 // minimum stop distance TakeProfitOption1 = NearestLevel + (NearestLevel - NearestStopLoss) * Option1RiskReward if (open < TakeProfitOption1 and close > TakeProfitOption1) or (open > TakeProfitOption1 and close < TakeProfitOption1) then sell at market exitshort at market endif

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  DEFPARAM CumulateOrders = False   MyMACD = MACDline[12,26,9](close) MySLine = MACDSignal[12,26,9](close) MyHis = MACD[12,26,9](close) EMA200 = ExponentialAverage[200](close)   C1 = MyMACD Crosses Over MySLine AND MyMACD < 0 AND MySLine < 0 C2 = Close > EMA200 BuyCondition = C1 AND C2   IF BuyCondition THEN Buy 1 Shares AT Market SwingLow = lowest[10](low) // Assuming a 10-bar lookback for swing low NearestLevel = Min(SwingLow, EMA200) // Selecting the nearest level to the current price   slosslevel = Tradeprice - NearestLevel set stop ploss slosslevel set stop %trailing 0.5 ENDIF       C3 = MyMACD Crosses Under MySLine AND MyMACD > 0 AND MySLine > 0 C4 = Close < EMA200 SellCondition = C3 AND C4   IF SellCondition THEN Sellshort 1 Shares AT Market SwingHigh = highest[10](high) // Assuming a 10-bar lookback for swing high NearestLevel = Max(SwingHigh, EMA200) // Selecting the nearest level to the current price slosslevel = Tradeprice - NearestLevel set stop ploss slosslevel set stop %trailing 0.5 ENDIF   // Take Profit options Option1RiskReward = 2 // Adjustable Risk/Reward ratio (e.g., 2 means 2:1) Option2TrailStopPercent = 0.5 // Adjustable Trailing Stop loss percentage (e.g., 0.5%) NearestStopLoss = 10 // minimum stop distance TakeProfitOption1 = NearestLevel + (NearestLevel - NearestStopLoss) * Option1RiskReward   if (open < TakeProfitOption1 and close > TakeProfitOption1) or (open > TakeProfitOption1 and close < TakeProfitOption1) then sell at market exitshort at market endif

   

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  Marketpunk

  

  ProRealAlgos

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  01/24/2024 at 10:30 AM #226824
  Marketpunk

  Hi,

  Thank you for your code for back testing the strategy. Just wondering would it be possible to get code to use this as an indicator please.  Thanks again for your assistance.

  

  Marketpunk

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