Description
A trading strategy that incorporates price, moving average, and short-term and long-term momentum
Entry Rules:
- Price crossover above the 50-day MA, indicating a potential upward trend.
- Moving average crossover: Confirm the trend by waiting for the 50-day MA to cross above the 200-day MA.
- Short-term momentum: The RSI should be above 50, indicating positive short-term momentum.
- Long-term momentum: The MACD line should cross above the MACD signal line, indicating positive long-term momentum.
When all four conditions are met, open a long (buy) position.
B. Exit Rules:
- Price crossover: Close the position when the price crosses below the 50-day MA, indicating a potential downward trend.
- Fixed Pips
I did not backtest the robot, please do your own research, if you have any questions, pls do not hesitate to ask: singalgolab@gmail.com
using System;
using cAlgo.API;
using cAlgo.API.Indicators;
using cAlgo.API.Internals;
using cAlgo.Indicators;
namespace cAlgo.Robots
{
[Robot(TimeZone = TimeZones.UTC, AccessRights = AccessRights.None)]
public class MovingAverageMomentumStrategy : Robot
{
[Parameter("Stop Loss (pips)", DefaultValue = 20, MinValue = 1)]
public int StopLossPips { get; set; }
[Parameter("short MA Period", DefaultValue = 50, MinValue = 1)]
public int masPeriod { get; set; }
[Parameter("long MA Period", DefaultValue = 200, MinValue = 1)]
public int malPeriod { get; set; }
[Parameter("RSI Period", DefaultValue = 14, MinValue = 1)]
public int rsiPeriod { get; set; }
[Parameter("Take Profit (pips)", DefaultValue = 40, MinValue = 1)]
public int TakeProfitPips { get; set; }
[Parameter("Volume", DefaultValue = 10000)]
public int volume { get; set; }
private MovingAverage ma50;
private MovingAverage ma200;
private RelativeStrengthIndex rsi;
private MacdCrossOver macd;
protected override void OnStart()
{
ma50 = Indicators.MovingAverage(Bars.ClosePrices, masPeriod, MovingAverageType.Exponential);
ma200 = Indicators.MovingAverage(Bars.ClosePrices, malPeriod, MovingAverageType.Exponential);
rsi = Indicators.RelativeStrengthIndex(Bars.ClosePrices, rsiPeriod);
macd = Indicators.MacdCrossOver(Bars.ClosePrices, 12, 26, 9);
}
protected override void OnBar()
{
bool isPriceAboveMa50 = Bars.ClosePrices.Last(1) > ma50.Result.Last(1);
bool isMa50AboveMa200 = ma50.Result.Last(1) > ma200.Result.Last(1);
bool isRsiAbove50 = rsi.Result.Last(1) > 50;
bool isMacdAboveSignal = macd.MACD.Last(1) > macd.Signal.Last(1);
bool isPriceBelowMa50 = Bars.ClosePrices.Last(1) < ma50.Result.Last(1); ;
bool isMa50BelowMa200 = ma50.Result.Last(1) < ma200.Result.Last(1);
bool isRsiBelow50 = rsi.Result.Last(1) < 50;
bool isMacdBelowSignal = macd.MACD.Last(1) < macd.Signal.Last(1);
if (Positions.Count != 0)
{
foreach (var position in Positions)
{
if (position.TradeType == TradeType.Sell && isPriceAboveMa50)
{
position.Close();
}
else if (position.TradeType == TradeType.Buy && isPriceBelowMa50)
{
position.Close();
}
}
}
if (isPriceAboveMa50 && isMa50AboveMa200 && isRsiAbove50 && isMacdAboveSignal && Positions.Count ==0)
{
ExecuteMarketOrder(TradeType.Buy, SymbolName, volume, "MovingAverageMomentum", StopLossPips, TakeProfitPips);
}
else if (isPriceBelowMa50 && isMa50BelowMa200 && isRsiBelow50 && isMacdBelowSignal && Positions.Count == 0)
{
ExecuteMarketOrder(TradeType.Sell, SymbolName, volume, "MovingAverageMomentum", StopLossPips, TakeProfitPips);
}
}
}
}
singalgolab
Joined on 07.05.2023
- Distribution: Free
- Language: C#
- Trading platform: cTrader Automate
- File name: simple Momentum, singularity algolab.algo
- Rating: 0
- Installs: 847
- Modified: 07/05/2023 19:45
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