OPEN-SOURCE SCRIPT
BV's MACD SIGNAL TESTER
Hello ladies and gentlemen,
Today, as you may have seen in the title, I have coded a strategy to determine once and for all if MACD could make you money in 2020.
So, at the end of this video, you will know which MACD strategy will bring you the most money.
Spoiler alert: we've hit the 90% WinRAte mark on the Euro New Zealand Dollar chart.
I've seen a lot of videos of people testing different MACD signals, some up to 100 times.
But In my opinion, all traders must rely on statistics to put all the odds on their side and good statistics require a lot more data.
The algorithm I'm showing you tests each signal one by one over a 3 year period and on 28 different graphs.
That way we are sure that we have encountered all possible market behavior.
From phases of congestion to major trends or even the effects of COVID-19
I use the ATR to determine my Stop Loss and Take Profits. The Stop Loss is placed at 1.5 times the ATR, the Take Profit is placed at 1 time the ATR.
If my Take Profit is hit, I take 50% of the profits and let the position run by moving my Stop Loss to Zero.
This way, the position can no longer be a losing position.
If you are not familiar with this practice, I invite you to study the "Scaling out" video from the NoNonsenseForex channel.
BV's Trading Journal.
Today, as you may have seen in the title, I have coded a strategy to determine once and for all if MACD could make you money in 2020.
So, at the end of this video, you will know which MACD strategy will bring you the most money.
Spoiler alert: we've hit the 90% WinRAte mark on the Euro New Zealand Dollar chart.
I've seen a lot of videos of people testing different MACD signals, some up to 100 times.
But In my opinion, all traders must rely on statistics to put all the odds on their side and good statistics require a lot more data.
The algorithm I'm showing you tests each signal one by one over a 3 year period and on 28 different graphs.
That way we are sure that we have encountered all possible market behavior.
From phases of congestion to major trends or even the effects of COVID-19
I use the ATR to determine my Stop Loss and Take Profits. The Stop Loss is placed at 1.5 times the ATR, the Take Profit is placed at 1 time the ATR.
If my Take Profit is hit, I take 50% of the profits and let the position run by moving my Stop Loss to Zero.
This way, the position can no longer be a losing position.
If you are not familiar with this practice, I invite you to study the "Scaling out" video from the NoNonsenseForex channel.
BV's Trading Journal.
Script de código aberto
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Script de código aberto
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.