Topic: Simple MACD STS strategy

Hello,
I implemented quite simple strategy working on CAD/JPY pair (if you trade on it). It also looks good on USD/CAD pair.
What do you think about that? Any suggestions are velcome

Strategy name: MACDSTS-CADJPY
Forex Strategy Builder v2.76.0.0
Exported on: 2013-02-08 19:19:43

Description:
This is an "empty" strategy.

You can use it as a base to build your strategy from scratch.

Feel free to experiment!

You can set the opening and the closing point of the position, add opening or closing logic conditions, and adjust the strategy properties.

The "Opening Point of the Position" slot shows the price, at which the strategy enters the market and adds/removes from an open position. We enter the market at a price level determined by an indicator value or by time ("Bar Opening" for example). However, before we open position we need confirmation from the "Opening Logic Condition" slots.

The "Opening Logic Conditions" basically tell you whether to enter the market or not when the entry price has been reached. They also determine the position's direction (whether we enter short or long). There is no any "Opening Logic Condition" in this strategy and that leads to undetermined entry direction.   Because of that the program doesn’t open positions during the backtest.

The "Closing Point of the Position" sets the exit price. If you set it at "Bar Closing", you can add "Closing Logic Conditions". They will block the exit until at least one of them is fulfilled. If you do not use "Closing Logic Conditions", the position will be closed when the "Closing Point" is reached.

The Strategy Overview explains the strategy logic in an additional window and can be exported to a file.

Look in the forum for help or more information on creating forex strategies.

Remember! The strategy slots describe the long position logic only. Forex Strategy Builder will set the short position logic automatically using the same logic but in the opposite direction.


Market: USDCAD 1 Day
Spread in pips: 20,00
Swap Long in pips: -28,22
Swap Short in pips: 5,36
Commission per lot at opening and closing in pips: 0,00
Slippage in pips: 0

Use account % for margin round to whole lots
Maximum open lots: 20,00
Entry lots: 1,00% of the account for margin

Intrabar scanning: Not accomplished
Interpolation method: Pessimistic scenario
Ambiguous bars: 0
Tested bars: 1840
Balance: 16951 pips (23097,99 CAD)
Minimum account: -2 pips (9998,15 CAD)
Maximum drawdown: 1723 pips (1331,10 CAD)
Time in position: 100 %

[Strategy Properties]
     A same direction signal - Does nothing
     An opposite direction signal - Reverses the position
     Permanent Stop Loss - None
     Permanent Take Profit - None
     Break Even - None

[Opening Point of the Position]
     Bar Opening
     Enter the market at the beginning of the bar
     Base price  -  Open

[Opening Logic Condition]
     MACD
     The MACD line rises
     Smoothing method  -  Exponential
     Base price  -  Close
     Signal line method  -  Simple
     Slow MA period  -  8
     Fast MA period  -  18
     Signal line period  -  14
     Use previous bar value  -  Yes

[Opening Logic Condition]
     RSI
     The RSI is lower than the Level line
     Smoothing method  -  Smoothed
     Base price  -  Close
     Smoothing period  -  10
     Level  -  80
     Use previous bar value  -  Yes

[Closing Point of the Position]
     Donchian Channel
     Exit long at the Lower Band
     Base price  -  High & Low
     Period  -  3
     Shift  -  0
     Use previous bar value  -  Yes

Post's attachments

MACDSTS-CADJPY.xml 14.4 kb, 21 downloads since 2013-02-08 

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Re: Simple MACD STS strategy

What is worrying me is that this strategy earns on short positions only. Do you think that this is an issue?