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GMMACD Color Strategy

Source: https://fxcodebase.com/code/viewtopic.php?f=31&t=59829
Forum: 31 · Topic 59829 · 9 post(s)

GMMACD Color Strategy

Apprentice · Sun Nov 10, 2013 3:10 pm

GMMACD Color Strategy.png

Based on GMMACD Color Indicator. viewtopic.php?f=17&t=412&start=40

Open Long on Green Bar Open Short on Red Bar Close position if contradictory signal occurs.

GMMACD Color Strategy.lua

The Strategy was revised and updated on December 18, 2018.

Re: GMMACD Color Strategy

Aboxofdonuts · Mon Nov 11, 2013 4:38 pm

Thank you very much for this!

Re: GMMACD Color Strategy

toxxum · Wed Dec 25, 2013 11:44 am

Has anyone tried to backtest this strategy? I visually checked some two dozens entry and exit points and they seem to be totally off. Please see attached, some of the entries are marked with a vertical yellow line.

Is that a bug?

Re: GMMACD Color Strategy

Xandra · Mon Jan 12, 2015 4:20 am

Can you add the size of the previous candle, and the size of the current candle as optimize-able parameters?

Re: GMMACD Color Strategy

Apprentice · Tue Jan 13, 2015 10:01 am

Candle Size is not changeable.

Re: GMMACD Color Strategy

cpc_cs · Fri Apr 01, 2016 1:38 pm

Dear Apprentice,

Is it possible to use this strategy with GMMACD in a different time frame i.e. with 4 hr GMMACD on a 5 min Chart?

Or is it possible to develop such a strategy? If possible, please let me know, I will explain a strategy.

Thanks and Regards

S. Joseph

Re: GMMACD Color Strategy

cpc_cs · Sun Apr 03, 2016 8:47 am

Dear Apprentice,

I received an email saying there was reply for my earlier post - but I cannot see anything. Anyway, I will describe my strategy below. Please let me know if this can be programmed:

Short Time Frame: 15 Minutes Long Time Frame: 4 Hour Indicators: GMMACD COLOR (H4, Close, 9) my 4hr candles close at 1, 5, 9, 13, 17 and 21 (UTC-4.00)

Long Entry: 1) GMMACD Changes from -ve to +ve AND Signal Line < GMMACD (see picture 1 below) 2) GMMACD Crosses Signal Line from Below (see picture 2 below)

Short Entry: 1) GMMACD Changes from +ve to -ve AND Signal Line > GMMACD (see picture 3 below) 2) GMMACD Crosses Signal Line from Below (on the Short Side) (see picture 4 below)

Long Exit: 1) GMMACD Changes from +ve to -ve (no picture - opposite of Short Exit No. 1) 2) Signal Line Crosses GMMACD from Below (see picture 6 below)

Short Exit: 1) GMMACD Changes from -ve to +ve (see picture 7 below) 2) Signal Line Crosses GMMACD from Below (on the Short Side) (see picture 8 below)

Position Size: 1) For Long Entry No. 1 and Short Entry No. 1 - 2% of Equity 2) For Long Entry No. 2 and Short Entry No. 2 - 5% of Equity; SL; 30 pips; TP: 90 pips

Pictures:

Picture 1.jpg