MACD Stochastic EA

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ZARAGONFX
8
ZARAGONFX  

Whats up traders,


I've came across a strategy which prove promising with manual back testing which I'm sure is a old strategy for the pro's. 

Explanation of strategy:

15M Chart.

Rules to buy:

Signal - MACD cross above 0.

Only take trade if Stochastic and RSI is above 50.

Rules to sell:

Signal - MACD cross below 0.

Only take trade if Stochastic and RSI is below 50.

Exit Rules:

TP 10pips to 20pips

Exit/close trade if MACD cross 0 irrespective of TP.


I found an ea of Firmin (https://www.mql5.com/en/users/firmin) which can be found here (https://www.mql5.com/en/code/9323) but it's not what I am looking for. (I did however get fairly good results with MACD (settings 6,13,4) and Stochastic (settings 15,6,6) but as you'll see drawdown is a huge problem and make the attempt useless.


Does someone perhaps have an EA for my strategy or have a link to a thread on the code base? I searched but came up empty handed.


The code for Firmin's ea is too big to add, so a copy of it can be found on the link.

Jox90
1170
Jox90  
Believe me, this strategy will not be profitable. Too easy...it's a long road my friend.
Mulyanto Gunawan
41109
Mulyanto Gunawan  
ZARAGONFX:

Whats up traders,


I've came across a strategy which prove promising with manual back testing which I'm sure is a old strategy for the pro's. 

Explanation of strategy:

15M Chart.

Rules to buy:

Signal - MACD cross above 0.

Only take trade if Stochastic and RSI is above 50.

Rules to sell:

Signal - MACD cross below 0.

Only take trade if Stochastic and RSI is below 50.

Exit Rules:

TP 10pips to 20pips

Exit/close trade if MACD cross 0 irrespective of TP.


I found an ea of Firmin (https://www.mql5.com/en/users/firmin) which can be found here (https://www.mql5.com/en/code/9323) but it's not what I am looking for. (I did however get fairly good results with MACD (settings 6,13,4) and Stochastic (settings 15,6,6) but as you'll see drawdown is a huge problem and make the attempt useless.


Does someone perhaps have an EA for my strategy or have a link to a thread on the code base? I searched but came up empty handed.


The code for Firmin's ea is too big to add, so a copy of it can be found on the link.

Try it in MTF style to have better result
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