x001tk

MACD + Stochastic + RSI Strategy

My strategy uses a combination of three indicators MACD Stochastic RSI .

The Idea is to buy when ( MACD > Signal and RSI > 50 and Stochastic > 50) occures at the same time

This strategy works well on stocks and cryptos especially during market breaking up after consolidation

The best results are on Daily charts , so its NOT a scalping strategy. But it can work also on 1H charts.

The strategy does not have any stops and profit targets, so we can take all the market can give us at the moment.

The exit point only when MACD goes under Signal

Its Preformance is quite stable.

So, use it, trade it.


If it will help you to imprive your trading results, please donate me

BTC: 12kd1F8buWisUBdq27BBwRkUvzW7Ey3og5
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.

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Comments

Great script - is it possible to set up separate alerts for entry and exit signals so I can send them individually to a trading bot?
+5 Reply
x001tk davedesigns
@davedesigns, Thanks. Of course you can. I have a script in my profile "Simple strategy indicator" which you can use for your trading bot as you wish :)
+7 Reply
@x001tk, how has the simple strategy indicator been performing?
+1 Reply
Its performance is 0.47% profit at best....
+3 Reply
tartigradia burgercrisis
@burgercrisis, wrong, the figure given here is on a too short timescale. I ran it on the last 6 months of bull market in BTC, the return is ~30%. Over the last 3 years since 2018, the return gets down to 10%. Over the whole history of BTC, the return is -2%. When you take a look at what decisions this strategy does, sometimes it doesn't make much sense (eg, selling at the bottom after the march 2020 crash due to the pandemic), so there are areas that can certainly be improved.
+1 Reply
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