Daily SP500 with MACD
- ProRealAlgos
- Jun 21, 2022
- 1 min read
Updated: Jun 15, 2023
13 lines of code for the SP500 index on the daily timeframe.
The code
entrycondition1 = MACD[12,26,9][0] < MACD[12,26,9][1] and MACD[12,26,9][1] < MACD[12,26,9][2] and MACD[12,26,9][2] < MACD[12,26,9][3] and MACD[12,26,9][3] < MACD[12,26,9][4]
entrycondition2 = MACD[12,26,9][0] < 0 and close[0] < close[1]
entrycondition3 = (close - low) / (high - low) < 0.13
IF entrycondition1 and entrycondition2 and entrycondition3 THEN
BUY 1 CONTRACTS AT MARKET
ENDIF
exitcodition = close[0] > high[1]
If LongOnMarket AND exitcodition THEN
SELL AT MARKET
ENDIF
Small add on with reinvestment of gains 😎
//PRA Signal SP500 MACD Mean 21062022
//Daily time frame
//Spread 0.4p
//https://twitter.com/prorealalgos/status/1539270841535545345
//Added reinvestment
defparam cumulateorders = false
// TAILLE DES POSITIONS
REINV = 1
LEVIER = 1
IF REINV = 0 THEN
n = levier
ELSIF REINV = 1 THEN
capital = 500 + strategyprofit
n = (capital / 500)*levier
IF n < 1 THEN
n = 1
ENDIF
//n = round(n)
ENDIF
entrycondition1 = MACD[12,26,9][0] < MACD[12,26,9][1] and MACD[12,26,9][1] < MACD[12,26,9][2] and MACD[12,26,9][2] < MACD[12,26,9][3] and MACD[12,26,9][3] < MACD[12,26,9][4]
entrycondition2 = MACD[12,26,9][0] < 0 and close[0] < close[1]
entrycondition3 = (close - low) / (high - low) < 0.13
IF entrycondition1 and entrycondition2 and entrycondition3 THEN
BUY n CONTRACTS AT…