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The mastermind behind the MAMACD strategy is nY3o, with the EA designed by Yuriy.
For the latest updates and discussions on the strategy, you can check here.
The MAMACD setup features Linear Weighted Moving Averages with periods of 85 and 75 applied to the Low, alongside an Exponential Moving Average with a period of 5 applied to the Close. The MACD settings are 15, 26, 1. (I prefer using MACD_color, which highlights the bars in different colors similar to the Awesome Oscillator). A trade is triggered as soon as the MA5 crosses both MAs, and we look for the MACD to be above zero or increasing for a bullish trade.
While two moving averages are essential for visual trading, the Take Profit target is relatively modest at 15-20 pips, depending on currency volatility. Some might argue this is too conservative, but if you're entering the market with a larger lot size and across multiple symbols, it can be quite effective. Moreover, encountering the Stop Loss of 15-20 pips is a rare occurrence.
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- For a more in-depth look at the EA, check out the 28th issue of the journal dated September 1st, 2008.
- Request strategy programming assistance here.
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