Puckapao

MACD BTC Long/Short Strategy v1.0

Puckapao Updated   
This strategy will use only default MACD with Simple MA(Signal Line) mode 'ON' to determine when it's time to long/short using its histogram value.
Current version has 2 more entries added to increase more trades and profits along the way while maintaining low 'max drawdown' and high returns.

Entry will be opened when macd line(blue) crossed with signal line(red).
Entry will be closed when histogram increased/decreased opposite its previous histogram.
Re-enter will opened a position when histogram continues after X delay (Re-enter Delay setting).
Sculp will opened a position when histogram is still in light colors for X delay (Sculp Delay setting).
Release Notes:
Updated with less 'close' action for sculp-long and sculp-short positions. It will ignore light-color histogram.
Release Notes:
- Added EMA Long positions to reduce max drawdown and ride the trend longer
- Added Close Delay for extra adjustment if you think it's closed the position too soon.
Open-source script

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.

Disclaimer

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