Hello there ,
Short version of the Macd Long strategy.
MACD Long strategy:
Adding margin: Forbidden or not specified. (Add Margin : No)
- Position size: (for each trade) 1%
- Stop-Loss: (2% Above Entry Level)
- Long: macd crossunder
- Exit: macd crossover
Or ofc touching the stop-Loss value as predicted.
These strategies are just examples.
The goal is to observe true equity and equity change.
Warning: This strategy simulation is for Short direction only.
The previous version was wrong.
Because this algorithm saw the starting position size as a loss. ( It was only taking into account the profit on position size.)
I also designed the percentage profit calculation much simpler.
I will do this update when I have enough time.
NOTE : My last script needs same update and its a bit complicated. It is easy but i want my codes to be simple and understandable.
Both the percentage profit command I specified and the place that is wrong and fixed in these two scripts will be fixed in the duplex macd system.
I'll update him when I have time.
My last script :
The old version was correct.
Because change (strategy.position size) is used.
There is no need to add principal position size again.
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.