MACD Price Projected Bands is an intraday NON REPAINTING Strategy to be used over BTCUSD and NIFTY on 2mins charts for optimum results!!
How the Strategy works
The strategy uses MACD with standard configuration as its main component. The adaptive Bands are calculated over the MACD lookback, and MACD crosses of the adaptive bands are projected over the Price for creating a decision logic A cyclic Trend Filter is used to calculate the Optimum Entry and Exit Points for the Strategy, Levels are also plotted over the price projected bands for better visualisation of the targets!
What is used ! Macd_config : { fast:12 , slow:26 , signal:9 } Lookback Length : 55
The Strategy has Provision for Alerts You get Two signals 1. MPPBS Buy Signal 2. MPPBS Sell Signal
How the Visual Target System Works and How to trade Using this Strategy An Adaptive Projected Band is constructed using MACD for traders to get Visual inputs regarding targets!!
The Trading Methodologies are in below Charts For Short Trades
For Long Trades
Strategy Configurations for Backtest
For Englishmen! The Backtesting Rules in the Strategy calculates only when order gets filled, the basic pyramiding in the strategy is set to 1, i.e The maximum number of entries allowed in the same direction is set to 1, Also we trade only 1 quantity of the security with initial capital of 100000USD, and The commission type used in the strategy is set to 0.05 USD that means we pay 0.05USD as commissions in every trade!