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c2 Forex1hourstrategypt2

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Katiyar Rahul
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14 views2 pages

c2 Forex1hourstrategypt2

Uploaded by

Katiyar Rahul
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as TXT, PDF, TXT or read online on Scribd
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// This source code is subject to the terms of the Mozilla Public License 2.

0 at
https://mozilla.org/MPL/2.0/
// © Gammapips

// https://admiralmarkets.com/education/articles/forex-strategy/best-forex-trading-
strategies-that-work

// You can take advantage of the 60-minute time frame in this strategy.
// The most suitable currency pairs to trade using this strategy are the EUR/USD,
USD/JPY, GBP/USD, and the AUD/USD.

// Buy Trade Rules:

// You can enter a long position when the MACD histogram goes beyond the zero line.
The stop loss could be placed at a recent swing low.

// Sell Trade Rules:

// You can enter a short position when the MACD histogram goes below the zero line.
The stop loss could be placed at a recent swing high.

//@version=4
strategy("Forex 1 hour strategy",
shorttitle="FX1HS",
overlay=true,
process_orders_on_close=true,
commission_type=strategy.commission.percent,
commission_value=0.1,
slippage=5,
initial_capital=10000,
default_qty_type=strategy.percent_of_equity,
default_qty_value=10
)

i_showSwingHi = input(true, "show swing Hi")


i_showSwingLo = input(true, "show swing Low")
i_macdFilter = input(1, "Macd Filter", type=input.integer, minval=0)
[macdLine, signalLine, histogramLine] = macd(close, 12*i_macdFilter,
26*i_macdFilter, 9*i_macdFilter)

// plot(macdLine, title="Macd Line")


// plot(signalLine, title="Signal Line")
// plot(histogramLine, title="histogram Line", color= histogramLine > 0 ?
color.green : color.red, style=plot.style_histogram)

swingLow = lowest(24)
swingHi = highest(high, 24)

long = crossover(histogramLine, 0)
short = crossunder(histogramLine, 0)
plot(long ? 1e9: na, color=color.green, style=plot.style_columns, transp=80,
title="Long")
plot(short ? 1e9: na, color=color.red, style=plot.style_columns, transp=80,
title="Short")
plot(i_showSwingHi ? swingHi : na, color=color.yellow, title="Swing Hi")
plot(i_showSwingLo ? swingLow : na, color=color.white, title="Swing Low")

strategy.entry("Macd Crossover Long", strategy.long, when=long)


strategy.entry("Macd Crossunder Short", strategy.short, when=short)
strategy.exit("Long Exit", from_entry="Macd Crossover Long", stop=swingLow,
limit=swingHi)
strategy.exit("Short Exit", from_entry="Macd Crossunder Short", stop=swingHi,
limit=swingLow)

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