OPEN-SOURCE SCRIPT
MACD Strategy
This script sends buy and sell signals as alerts to 3Commas (online software with trading bots in cryptocurreny)
It's based on 2 indicators:
- MACD
- 12 EMA and 26 EMA
When the 12 EMA and 26 EMA crossover, the MACD line crosses above 0. The goal here is to look for buy signals when the MACD and Signal are below 0, the histogram is positive, and there was or will be a 12 EMA and 26 EMA crossover.
I struggle with the following:
- There are multiple ways to use this as a crossover signal. I want to calculate the win rate of every posibility.
- What should be my take profit and my stoploss?
I think a 2:1 R/R,and a 60% win rate would make a great strategy! I could use some advice.
It's based on 2 indicators:
- MACD
- 12 EMA and 26 EMA
When the 12 EMA and 26 EMA crossover, the MACD line crosses above 0. The goal here is to look for buy signals when the MACD and Signal are below 0, the histogram is positive, and there was or will be a 12 EMA and 26 EMA crossover.
I struggle with the following:
- There are multiple ways to use this as a crossover signal. I want to calculate the win rate of every posibility.
- What should be my take profit and my stoploss?
I think a 2:1 R/R,and a 60% win rate would make a great strategy! I could use some advice.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.