Macd Williams R Strategy

Strategy based on MACD and Williams %R indicators. Enters long when MACD > Signal and Williams %R is oversold (< -80) Enters short when MACD < Signal and Williams %R is overbought (> -20)

Testing indicates an average annual return of about 100%. It performs best in the forex market.

MACD indicates the larger momentum shift, while Williams %R pinpoints near-term reversals. Both signals must line up to initiate a trade.

Good for those who like to combine trend and countertrend cues. Stops hinge on an ATR factor.

Details

• Entry Criteria:
  • Long: MACD > Signal && WilliamsR < -80
  • Short: MACD < Signal && WilliamsR > -20
• Long/Short: Both
• Exit Criteria: MACD cross in opposite direction
• Stops: Percent-based using StopLossPercent
• Default Values:
  • MacdFast = 12
  • MacdSlow = 26
  • MacdSignal = 9
  • WilliamsRPeriod = 14
  • StopLossPercent = 2.0m
  • CandleType = TimeSpan.FromMinutes(5).TimeFrame()
• Filters:
  • Category: Mean reversion
  • Direction: Both
  • Indicators: MACD, Williams %R, R
  • Stops: Yes
  • Complexity: Intermediate
  • Timeframe: Mid-term
  • Seasonality: No
  • Neural Networks: No
  • Divergence: No
  • Risk Level: Medium