GBPJPY MACD Trader

GBPJPY MACD Trader GBPJPY MACD Trader GBPJPY MACD Trader
TimeFrame: H1
Profit factor 1.61
Instrument: Forex
Supported platforms: MetaTrader 4, MetaTrader 5, StrategyQuant
Type: Breakout

The GJ_H1_220100009_S_HD_CF_SQX_SL20 is an algorithmic trading strategy for MetaTrader, tested on GBPJPY using the H1 timeframe from April 1, 2004, to April 24, 2024. Key details are:

Parameters
MagicNumber: 220100009
Main Chart: Current symbol and timeframe

Trading Options
Weekend Trading: Allowed
Daily Exit: Disabled
Friday Exit: Enabled at 20:00
Signal Time Range: Not limited
Max Trades/Day: No limit
Stop Loss (SL) and Profit Target (PT): No predefined limits

Entry Signals
Long Entry: Triggered when the MACD (12, 26, 16) crosses below 0.
Short Entry: Triggered when the MACD (12, 26, 16) crosses above 0.

Entry Rules
Long Entry: Opens long orders at the daily high plus 2.60 times the smallest range of the last 50 bars with a SL of 190 pips and a profit target of 260 pips. Order is valid for 17 bars and exits after 22 bars.

Short Entry: Opens short orders at the daily low minus 2.60 times the smallest range of the last 50 bars with a SL of 190 pips and a profit target of 260 pips. Order is valid for 17 bars and exits after 22 bars.

Exit Rules
Long Exit: Closes full position if market is long and no LongEntrySignal is active.
Short Exit: Closes full position if market is short and no ShortEntrySignal is active.

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