Adding a Trailing Stop in Strategy using MACD
First, I am not a programmer but can copy and paste...LOL! I found the perfect MACD indicator for me called MACDCrossColor here on the forum, and also a Strategy called CustomTradingSystem.ClassicMACD that has a current date, and believe it was developed by the NT team. I will attach it here as I downloaded it off this forum.
The strategy works well, however, it is missing a way to have a trailing stop and I am not sure how that all works with this strategy or how to add it. The strategy when tested on the MES using ninZaRenko 3/2 and 4/2 both have positive results...but the problem lies in when the MACD line and the AVG compress, and may cross over multiple times (compression stage) before the actual momentum takes off, which causes many automated trades. I have seen a strategy similar that a trade would not be executed until there is a specific separation on the MACD line and the AVG.
Hopefully one of the many geniuses on here may have a solution. Maybe I am missing something and the strategy is picking up the ATM settings, and if so I would set the trailing stop within the ATM? Thanks in advance for any assist.
The strategy works well, however, it is missing a way to have a trailing stop and I am not sure how that all works with this strategy or how to add it. The strategy when tested on the MES using ninZaRenko 3/2 and 4/2 both have positive results...but the problem lies in when the MACD line and the AVG compress, and may cross over multiple times (compression stage) before the actual momentum takes off, which causes many automated trades. I have seen a strategy similar that a trade would not be executed until there is a specific separation on the MACD line and the AVG.
Hopefully one of the many geniuses on here may have a solution. Maybe I am missing something and the strategy is picking up the ATM settings, and if so I would set the trailing stop within the ATM? Thanks in advance for any assist.
Comment