Multi timeframe MACD trading strategy.
Have found some interesting things out with a strategy I've been testing and wonder if anyone else has any input?
Indicators I've been using as you can see are the EMA - MA crossover created by HPotter, and then 2 x MACD indicators, I've put them both in the same box for ease of screen space more than anything but they can be split out.
First MACD is in the same timeframe as the chart (5min in this case), Second MACD is in a higher time frame (15min in this case) but if you're changing the timeframes it should be at least double the timeframe the chart is working in if that makes sense.
I came across this as I started investigating the MACD and watching video's from the likes of TradingRush and RAYNERTRADES on youtube, and the MACD seems like a pretty good place to trade Crypto from because in reality all Crypto is, is price action, with very little in the way of traditional stocks and shares with news and company financials to speak off, so looking for something that literally helps identify sentiment and momentum was what I was after.
The strategy goes like this. Both MACD's must be the same side of the Signal line, and when they are look for the next opportunity that suits on the EMA - MA crossover.
I've been back testing this for a couple of days and it can work nicely if you have the time to pay attention, and I'd be interested to see if anyone was interested in testing it out properly on higher time frames to see if it works as well.
LONG
MACD above signal line on higher timeframe
MACD above signal line on current timeframe
EMA - MA crossover crosses up to turn candles green.
Buy on second green candle.
Stop loss at MA, price target 1.5+
SHORT
MACD below signal line on higher time frame
MACD below signal line on current timeframe
EMA - MA crossover crosses below to turn candles red
Short on second red candle.
Stop loss at MA, price target 1.5+
ETHUSDT
Indicators I've been using as you can see are the EMA - MA crossover created by HPotter, and then 2 x MACD indicators, I've put them both in the same box for ease of screen space more than anything but they can be split out.
First MACD is in the same timeframe as the chart (5min in this case), Second MACD is in a higher time frame (15min in this case) but if you're changing the timeframes it should be at least double the timeframe the chart is working in if that makes sense.
I came across this as I started investigating the MACD and watching video's from the likes of TradingRush and RAYNERTRADES on youtube, and the MACD seems like a pretty good place to trade Crypto from because in reality all Crypto is, is price action, with very little in the way of traditional stocks and shares with news and company financials to speak off, so looking for something that literally helps identify sentiment and momentum was what I was after.
The strategy goes like this. Both MACD's must be the same side of the Signal line, and when they are look for the next opportunity that suits on the EMA - MA crossover.
I've been back testing this for a couple of days and it can work nicely if you have the time to pay attention, and I'd be interested to see if anyone was interested in testing it out properly on higher time frames to see if it works as well.
LONG
MACD above signal line on higher timeframe
MACD above signal line on current timeframe
EMA - MA crossover crosses up to turn candles green.
Buy on second green candle.
Stop loss at MA, price target 1.5+
SHORT
MACD below signal line on higher time frame
MACD below signal line on current timeframe
EMA - MA crossover crosses below to turn candles red
Short on second red candle.
Stop loss at MA, price target 1.5+
ETHUSDT
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