MACD & 200 EMA Strategy

• 01/13/2023 at 5:30 PM #207376
  Marketpunk

  Hello,

  Would it be possible to code a strategy using the MACD and 200 period EMA please. The Strategy works as follows:

  It takes a Long trade when the MACD crosses up over the Signal line, when both the signal line and MACD are below the Zero line, and price closed above the 200 EMA .
  It takes a Short trade when the MACD crosses under the signal line, when both the Signal line and the MACD are above Zero line, and price closed below the 200 EMA.

  If possible, an alert could be developed to confirm when the conditions of the strategy are met.

  The 100 EMA should also be enabled to provide earlier indication of a change in trend and to allow for a crossing strategy over or under the 200 EMA to be used.

  ORDERS
  You can have both Long and Short, or disable one.

  STOPLOSS
  Stoploss is based on last swing (high or low). The lookback period of the swing should adjustable. The Stoploss can also be above or below the 200 EMA depending on the direction of the trade.

  TAKE PROFIT
  For now, there is 2 possibilities for TP : Using adjustable Risk/Reward ratio (Trailing Stoploss need to be at 0) Using adjustable Trailing Stoploss percentage (RR Ratio need to be at 0)

   

  

  Marketpunk

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  01/13/2023 at 9:36 PM #207410
  JS

  Hi @Marketpunk

  Maybe you can start with this…
  Stoploss has yet to be added… (based on swing high/low?)

  MACD & EMA200 Strategy

  DefParam CumulateOrders=false xRRRatio=2 //Adjustable Risk/Reward ratio xSwingPeriod=20 //Lookback period for Swing High/Low xLongTrades=1 //Switch Long Trades ON or OFF xShortTrades=1 //Switch Short Trades ON or OFF If High[1]=Highest[xSwingPeriod](High) and High[2]<High[1] and High<High[1] then xSwingHigh=High[1] ElsIf Low[1]=Lowest[xSwingPeriod](Low) and Low[2]>Low[1] and Low>Low[1] then xSwingLow=Low[1] EndIf xMACDSignal=MACDSignal[12,26,9](close) xMACDLine=MACDline[12,26,9](close) xEMA200=Average[200,1](Close) If xMACDLine Crosses Over xMACDSignal and xMACDLine<0 and xMACDSignal<0 and Close>xEMA200 and xLongTrades then Buy 1 contract at Market EndIf If xMACDLine Crosses Under xMACDSignal and xMACDLine>0 and xMACDSignal>0 and Close<xEMA200 and xShortTrades then SellShort 1 contract at Market EndIf //StopLoss based on xSwingHigh or xSwingLow??? //Stop Loss based on xEMA200??? //Take Profit xRRRatio * Stop Loss //Take Profit Trailing Stop Function //************************************************************************ //trailing stop function trailingstart = 50 //trailing will start @trailinstart points profit trailingstep = 5 //trailing step to move the "stoploss" //reset the stoploss value IF NOT ONMARKET THEN newSL=0 ENDIF //manage long positions IF LONGONMARKET THEN //first move (breakeven) IF newSL=0 AND close-tradeprice(1)>=trailingstart*pipsize THEN newSL = tradeprice(1)+trailingstep*pipsize ENDIF //next moves IF newSL>0 AND close-newSL>=trailingstep*pipsize THEN newSL = newSL+trailingstep*pipsize ENDIF ENDIF //manage short positions IF SHORTONMARKET THEN //first move (breakeven) IF newSL=0 AND tradeprice(1)-close>=trailingstart*pipsize THEN newSL = tradeprice(1)-trailingstep*pipsize ENDIF //next moves IF newSL>0 AND newSL-close>=trailingstep*pipsize THEN newSL = newSL-trailingstep*pipsize ENDIF ENDIF //stop order to exit the positions IF newSL>0 THEN SELL AT newSL STOP EXITSHORT AT newSL STOP ENDIF //************************************************************************

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  DefParam CumulateOrders=false   xRRRatio=2 //Adjustable Risk/Reward ratio xSwingPeriod=20 //Lookback period for Swing High/Low xLongTrades=1 //Switch Long Trades ON or OFF xShortTrades=1 //Switch Short Trades ON or OFF   If High[1]=Highest[xSwingPeriod](High) and High[2]<High[1] and High<High[1] then xSwingHigh=High[1] ElsIf Low[1]=Lowest[xSwingPeriod](Low) and Low[2]>Low[1] and Low>Low[1] then xSwingLow=Low[1] EndIf   xMACDSignal=MACDSignal[12,26,9](close) xMACDLine=MACDline[12,26,9](close) xEMA200=Average[200,1](Close)   If xMACDLine Crosses Over xMACDSignal and xMACDLine<0 and xMACDSignal<0 and Close>xEMA200 and xLongTrades then Buy 1 contract at Market EndIf   If xMACDLine Crosses Under xMACDSignal and xMACDLine>0 and xMACDSignal>0 and Close<xEMA200 and xShortTrades then SellShort 1 contract at Market EndIf   //StopLoss based on xSwingHigh or xSwingLow??? //Stop Loss based on xEMA200???   //Take Profit xRRRatio * Stop Loss //Take Profit Trailing Stop Function   //************************************************************************ //trailing stop function trailingstart = 50 //trailing will start @trailinstart points profit trailingstep = 5 //trailing step to move the "stoploss"   //reset the stoploss value IF NOT ONMARKET THEN newSL=0 ENDIF   //manage long positions IF LONGONMARKET THEN //first move (breakeven) IF newSL=0 AND close-tradeprice(1)>=trailingstart*pipsize THEN newSL = tradeprice(1)+trailingstep*pipsize ENDIF //next moves IF newSL>0 AND close-newSL>=trailingstep*pipsize THEN newSL = newSL+trailingstep*pipsize ENDIF ENDIF   //manage short positions IF SHORTONMARKET THEN //first move (breakeven) IF newSL=0 AND tradeprice(1)-close>=trailingstart*pipsize THEN newSL = tradeprice(1)-trailingstep*pipsize ENDIF //next moves IF newSL>0 AND newSL-close>=trailingstep*pipsize THEN newSL = newSL-trailingstep*pipsize ENDIF ENDIF   //stop order to exit the positions IF newSL>0 THEN SELL AT newSL STOP EXITSHORT AT newSL STOP ENDIF //************************************************************************

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  Midlanddave

  

  JS

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  01/15/2023 at 10:10 PM #207484
  Marketpunk

  Hello JS

  Thank you very much for supplying the code. Much appreciated.  I’ll upload now. Was it working as expected?

  The stop loss is based on the most recent swing low/high and/or the 200 period EMA.

  Best regards

  MP

   

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  JS

  

  Marketpunk

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  02/02/2023 at 4:12 PM #208964
  Marketpunk

  Hi JS,

  Thank you again for providing the code for the MACD & 200 EMA strategy. Much appreciated.

  The stop loss is based on the most recent swing low/high and/or the 200 period EMA. If you could add this when you have an opportunity,  it would be great please.

  Best regards

  MP

   

   

  

  Marketpunk

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