As I have been using my strategy allnew15 for a long time and already describe how it work in a general picture, this time I would like to deeply explain about this strategy and how it works using visual jforex. I am using two MACD(17,31,14) and the difference between the two is that one of it check current value and the other one is for the previous value so it can find the changing of trend. In below picture with the circle line showed the changing of the MACD value that the strategy will be checking.
It use the five minute timeframe of the chart and besides of that for better confirming the trend it uses the EMA(28) indicator to filter out the false signal that could be found. It did not eliminates all of the false signal but at least it can minimalized it. The picture below showed the two main indicators that combined in the strategy to find the signal of long or short position.
After all of the initialisation process the the strategy will only check for the value that come out of all of the indicators before determining what action to be automatically been taking. The main task is to take long or short position in EURUSD pairs with 3.5M amount with stoploss 250 points and take profit 11 points.
The checking procedure are by comparing current MACD value with previous one, if its value changing from below threshold 0 to positive and price above the EMA, then it will make buy position. And for the sell position will be took if the current MACD value below 0 and the previous one was above 0 and the price below EMA. It can be seen in the picture below when the strategy will take the position after the conditions met.
Thank You.
It use the five minute timeframe of the chart and besides of that for better confirming the trend it uses the EMA(28) indicator to filter out the false signal that could be found. It did not eliminates all of the false signal but at least it can minimalized it. The picture below showed the two main indicators that combined in the strategy to find the signal of long or short position.
After all of the initialisation process the the strategy will only check for the value that come out of all of the indicators before determining what action to be automatically been taking. The main task is to take long or short position in EURUSD pairs with 3.5M amount with stoploss 250 points and take profit 11 points.
The checking procedure are by comparing current MACD value with previous one, if its value changing from below threshold 0 to positive and price above the EMA, then it will make buy position. And for the sell position will be took if the current MACD value below 0 and the previous one was above 0 and the price below EMA. It can be seen in the picture below when the strategy will take the position after the conditions met.
Thank You.