MACD Long Strat — Strategy by TheGrindToday
By TheGrindToday
Performance Metrics
- Author: TheGrindToday
- Symbol: BINANCE:BNBUSDT
- Timeframe: 1 day
- Net P&L: +403.85 NONE (+0.40%)
- Win Rate: 52.9%
- Profit Factor: 5.082
- Max Drawdown: 38.45 NONE (0.04%)
- Total Trades: 102
- Sharpe Ratio: −5.107
Description
First script I've written, but the concept is pretty simple. This uses the MACD with settings fast_SMA = 6 and slow SMA=16 and uses the distance between the 2 (histogram) to look for potential trend reversals to flag potential entries for Long trades. It waits for the confirmation looking backward 2 x timeframes (to reduce false calls slightly). You can adjust it to open / close quicker (1 timeframe instread of 2) but backtesting shows 2 timeframe delay is best to avoid false signals. The script suggests Long entry points based on this criteria and uses the converse (reducing histogram / SMA difference delayed by 2 timeframes) to suggest exit or trade close points for downward reversal. It was originally written looking at 1m scalps but backtesting shows this is even more effective on higher timeframes (1D).