MACD/RSI - edited — Strategy by AlphaTradingAcademy
By AlphaTradingAcademy
Performance Metrics
- Author: AlphaTradingAcademy
- Symbol: NASDAQ:QQQ
- Timeframe: 5 minutes
- Net P&L: −4,197.04 USD (−4.20%)
- Win Rate: 46.5%
- Profit Factor: 0.585
- Max Drawdown: 5,784.04 USD (5.78%)
- Total Trades: 172
- Sharpe Ratio: −0.845
Description
This strategy checks MACDcrossover and RSI crossover. When MACD crosses up or down the signal line, it checks if RSI is crossing back OverSold or OverBought lines, respectively, over the past few candles. The period can be changed by the parameter "RSI lookback". The strategy seems to work better for reversal—still a work in progress.