Matt's MACD Algo v1 — Strategy by bodeen88
By bodeen88
Performance Metrics
- Author: bodeen88
- Symbol: NASDAQ:TQQQ
- Timeframe: 1 day
- Net P&L: +37,595.20 USD (+450.25%)
- Win Rate: 70.6%
- Profit Factor: 18.142
- Max Drawdown: 894.66 USD (2.35%)
- Total Trades: 34
- Sharpe Ratio: 1.332
Description
This script is meant to be viewed with the Heiken Ashi candlestick chart. I use it for pretty much everything. It has a lot of extra stuff just for visual reference, but the trades are based on the MACD (3,5,9) indicator. I found that speeding up the intervals of the MACD makes for a much more reactive chart. In this heavily volatile market, it has been performing well. If the market is not very volatile, it tends to have too many noisy signals. Any help or criticism would be greatly appreciated.