A Better & Faster MACD? - New Trading System

The MACD is one of the most used indicators in trading. This system features an indicator that attempts to provide MACD signals before a traditional MACD study. It does this by combining the Schaff Trend Cycle and the MACD.

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In addition to reviewing the indicators, providing exact entry rules, defining the take profit and stop loss levels, testing it, reviewing the results, discussing the equity curve, and scoring the system on a scale of 1 to 10, I also share my 6 optimization tips that you can try in your own trading system development. Do not neglect back and forward testing, that is critical.

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🤖 The automated trading script is available for this strategy in the Trader’s Landing Community.

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🏠 System Web Page: https://traderslanding.net/2023/03/25/a-better-faster-macd-new-trading-system/

🔍 Link to my Testing Performance Spreadsheet: https://traderslanding.net/results/

📘 Link to my free backtesting spreadsheet: https://traderslanding.net/2021/08/15/26/

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⏱️ Timestamps ​​⏱️
00:00 - Start
01:07 - Indicators
02:53 - Examples
05:34 - Results, Equity Curve, Score
07:19 - Optimization

⚙️ System Specifics ⚙️
📛 System Name: Swift Schaff
🏆 Trader’s Landing Score: 6
🎹 Instrument: Meta, XAU/USD
⌛ Time Frame: 4-Hour (H4)

👀 TradingView Indicators
Links to indicators located here: https://traderslanding.net/indicators/

Name: Exponential Moving Average (EMA)
Inputs: Length = 200
Style: White
By: TradingView Built-In

Name: Exponential Moving Average (EMA)
Inputs: Length = 50
Style: Orange
By: TradingView Built-In

Name: STC Indicator - A Better MACD [SHK]
Inputs: Default
Style: Default
By: shayankm

Name: ATR Bands
Inputs: 2 times ATR, Upper & Lower Bands.
Style: Blue
By: AlexanderTeaH

☝️ Long Entry
1) Price is above the 50 EMA.
2) The 50 EMA is above EMA 200.
3) STC turns from red to green while below the 20 level.

👇 Short Entry
1) Price is below the 50 EMA.
2) The 50 EMA is below EMA 200.
3) STC turns from green to red while above the 80 level.

🔥 Risk to Reward: 1:2

🛑 Where to place stop-loss:
For Longs: 2 X ATR value of and below the trigger candle.
For Shorts: 2 X ATR value of and above the trigger candle.
🚀 Where to take profits: 2 times risk.
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⚠️Disclaimer: This content references opinion and is for information purposes only. Not intended to be investment advice.

Metatags
#StrategyReview #TradingSystem #MACD