MACD Willy Strategy by PtGambler
By PtGambler
Performance Metrics
- Author: PtGambler
- Symbol: NASDAQ:AMZN
- Timeframe: 15 minutes
- Net P&L: +12,823.44 USD (+126.41%)
- Win Rate: 42.1%
- Profit Factor: 1.472
- Max Drawdown: 1,279.59 USD (9.36%)
- Total Trades: 720
- Sharpe Ratio: 0.56
Description
Apr 29, 2022This strategy is mainly developed for scalping / intraday trading. It could potentially be used to identify entry/exit signals for short term options trading. It performs decently well on popular stocks when used on time frames between 5 min to 15 min using regular session bar data. It combines 3 popular indicators, EMA, MACD, and William %range, to generate both long and short signals. EMA:Default is 200 EMA line. MACD:Default is 12/26 lengths for fast/slow signal inputs. William %R - Smoothed (Published):This is a custom indicator that generates two moving average lines from the original William %R line.How it works:Entry conditions:1. Long/short entries when bar closes above/below EMA line2. Long/short entries when MACD line is above/below signal line (histogram > 0 for long, < 0 for short)3. Long/short entries when William %R fast MA line is above/below slow MA lineExit conditions:1. Exit long when MACD line is below signal line, vise versa for exit short2. Exit long when William %R fast MA line is below slow MA line, vise versa for exit short3. Exit long when William %R fast MA line must in below the overbought (-20) limit, exit short when above the oversold (-80) limit. ***Note that parameters are NOT optimized for any particular stocks / instruments.Enjoy~~!!Jun 16, 2022Release NotesAdded alerts per request ;)