GBPUSD long only strategy based on ROC and MACD

markouk · 2016-05-26T13:17:27+00:00

GBPUSD Long Only & Bull Market Strategy – Based on ROC and MACD. While I am getting to learn how to create these codes here is a simple one that yields a profit for this year on 1 hour bars. I am trying to create a strategy that only buys into breakouts. Not sure playing with ROC is a good idea but does seem to yield good results if used with other indicators. // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated // Conditions to enter long positions indicator1 = ROC[100](close) c1 = (indicator1 >= 0.5) IF c1 THEN BUY 2 PERPOINT AT MARKET ENDIF // Conditions to exit long positions indicator2 = MACDline[12,26,7](close) indicator3 = Average[21](MACD[15,34,15](close)) c2 = (indicator2 CROSSES UNDER indicator3) IF c2 THEN SELL AT MARKET ENDIF // Stops and targets SET STOP %LOSS 0.5

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05/26/2016 at 2:17 PM #8129 quote
markouk
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Average
GBPUSD Long Only & Bull Market Strategy – Based on ROC and MACD. While I am getting to learn how to create these codes here is a simple one that yields a profit for this year on 1 hour bars. I am trying to create a strategy that only buys into breakouts. Not sure playing with ROC is a good idea but does seem to yield good results if used with other indicators.
```
// Definition of code parameters
DEFPARAM CumulateOrders = False // Cumulating positions deactivated

// Conditions to enter long positions
indicator1 = ROC[100](close)
c1 = (indicator1 >= 0.5)

IF c1 THEN
BUY 2 PERPOINT AT MARKET
ENDIF

// Conditions to exit long positions
indicator2 = MACDline[12,26,7](close)
indicator3 = Average[21](MACD[15,34,15](close))
c2 = (indicator2 CROSSES UNDER indicator3)

IF c2 THEN
SELL  AT MARKET
ENDIF

// Stops and targets
SET STOP %LOSS 0.5
```
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05/27/2016 at 7:57 PM #8253 quote

Yannick
Participant

Veteran

Hi

ROC can be a good indicator unfortunately people use more often normalised indicator such as rsi.

Do you backtest it with other pairs ?

Do you already code it for short position?
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