Simple Momentum by Singularity free
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
Warning! Executing the following cBot may result in loss of funds. Use it at your own risk.
Notification Publishing copyrighted material is strictly prohibited. If you believe there is copyrighted material in this section you may use the Copyright Infringement Notification form to submit a claim.
Formula / Source Code
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);
}
}
}
}
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