November2018contest

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This is a MACD divergence strategy compounded by a martingale for recouping of losses and a trade flip formula so as to switch execution sides. If there is a divergence between the MACD and price then the strategy will either buy or sell depending on whether MACD is rising or falling with regards to the opposite movement of the price. SL is 14 and trail 12. If a trade closes in red then the martingale doubles down on the previous lots traded and a flip formula is executed so as to switch execution sides. I have not yet encountered such a flip formula in this contest. The MACD divergence is one of the best indicators and generally informs that the market is unhealthy, however it does not give a definite signal that, for example, trend traders are looking for, meaning if MACD rises and price falls then buy. In this strategy I have chosen the contrarian view mostly associated with range trading. But, as the signal can go both ways I have implemented the flip formula so as to mitigate losses when actually being on the wrong side of the divergence signal.
Version: Date: Status: Description:
3 07.12.2018 Not running November2018contest  Download
2 15.11.2018 Not running November2018contest  Download
1 04.11.2018 Executed November2018contest  Download
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