FXCodeBase.COM: Forex Chart Indicators and Development

Based on GMMACD Color Indicator.
viewtopic.php?f=17&t=412&start=40

Open Long on Green Bar
Open Short on Red Bar
Close position if contradictory signal occurs.


The Strategy was revised and updated on December 18, 2018.

Thank you very much for this!

Has anyone tried to backtest this strategy? I visually checked some two dozens entry and exit points and they seem to be totally off. Please see attached, some of the entries are marked with a vertical yellow line.

Is that a bug?

Can you add the size of the previous candle, and the size of the current candle as optimize-able parameters?

Candle Size is not changeable.

Dear Apprentice,

Is it possible to use this strategy with GMMACD in a different time frame i.e. with 4 hr GMMACD on a 5 min Chart?

Or is it possible to develop such a strategy? If possible, please let me know, I will explain a strategy.

Thanks and Regards

S. Joseph

Dear Apprentice,

I received an email saying there was reply for my earlier post - but I cannot see anything. Anyway, I will describe my strategy below. Please let me know if this can be programmed:

Short Time Frame: 15 Minutes
Long Time Frame: 4 Hour
Indicators: GMMACD COLOR (H4, Close, 9) my 4hr candles close at 1, 5, 9, 13, 17 and 21 (UTC-4.00)

Long Entry:
1) GMMACD Changes from -ve to +ve AND Signal Line < GMMACD (see picture 1 below)
2) GMMACD Crosses Signal Line from Below (see picture 2 below)

Short Entry:
1) GMMACD Changes from +ve to -ve AND Signal Line > GMMACD (see picture 3 below)
2) GMMACD Crosses Signal Line from Below (on the Short Side) (see picture 4 below)

Long Exit:
1) GMMACD Changes from +ve to -ve (no picture - opposite of Short Exit No. 1)
2) Signal Line Crosses GMMACD from Below (see picture 6 below)

Short Exit:
1) GMMACD Changes from -ve to +ve (see picture 7 below)
2) Signal Line Crosses GMMACD from Below (on the Short Side) (see picture 8 below)

Position Size:
1) For Long Entry No. 1 and Short Entry No. 1 - 2% of Equity
2) For Long Entry No. 2 and Short Entry No. 2 - 5% of Equity; SL; 30 pips; TP: 90 pips

Pictures:

Requested can be found here.
viewtopic.php?f=31&t=63349

Strategy was revised and updated.