BB MACD ADR Strategy

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BB MACD ADR Strategy

Postby ThemBonez » Mon Jun 17, 2013 2:40 pm

Hello,
I would like a strategy with the following indicators and rules

BB Set at 12 MVA and 2 Standard Deviation
MACD set standard 26,12, 9


LONG
Entry
MACD above signal line and above zero line
ENter long trade when price touches upper BB

Exit
Stop loss set at entry price minus 10% of 7 Day average Daily range
Profit target set at entry price plus 15% of 7 Day average daily range
Exit trade if MACD is below signal line at close of candle and before reaching profit target

SHORT
Entry
MACD below signal line and below zero line
ENter short trade when price touches lower BB

Exit
Stop loss set at entry price plus 10% of 7 Day average Daily range
Profit target set at entry price minus 15% of 7 Day average daily range
Exit trade if MACD is above signal line at close of candle and before reaching profit target

Intended for 5 min charts but can be used on any time frame (7day average daily range used to calculate stop and profit regardless of time frame used)

Thank You
Last edited by ThemBonez on Tue Jun 18, 2013 5:45 am, edited 1 time in total.
ThemBonez
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Re: BB MACD ADR Strategy

Postby Apprentice » Tue Jun 18, 2013 8:21 am

Your request is added to the development list.
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Apprentice
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Re: BB MACD ADR Strategy

Postby ThemBonez » Thu Jun 20, 2013 7:13 am

Hello,
I'd like to add the following rules to the strategy:
LONG TRADE
RSI 70 or above
Current BB Upper Band Value higher than BB upper Band value of previous bar

SHORT TRADE
RSI 30 or Below
Current BB lower Band Value lower than BB lower Band value of previous bar

Thank You
ThemBonez
FXCodeBase: Initiate
 
Posts: 127
Joined: Sat Mar 20, 2010 1:56 pm

Re: BB MACD ADR Strategy

Postby Apprentice » Sun Jun 23, 2013 2:13 pm

Your request is added to the development list.
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Posts: 36341
Joined: Thu Dec 31, 2009 11:59 am
Location: Zagreb, Croatia



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