cTrader MACD Alerts Problems

KMATrade

MACD Alerts: I use this to open trades. forward-testing because cannot backtest
please see attached image:
inquiries MACD keeps opening trades even after has crossed the zero line.
it opens trade far ahead, where the trend is almost finishing.
consequences the trend may already be ending which lead to lost trade

https://clickalgo.com/macd-auto-trader-alerts

Mike

please also provide your settings.

KMATrade

Hi Mike, Settings:

default MACD settings 26,12,9
Tick everything as seen on the screenshot but
"Max Open": - I sometimes put numbers 3 or 5 or 9 or 10. WHY? BECAUSE
if I tick "Only once" it seems not to open another trade even if it cross the zero line again
What I would expect it to do, See the screenshot
see white circles: to open trade each time MACD crosses zero line then wait to open again when it crosses again I.E BUY. SELL BUY SELL BUY SELL

Because once I tick once it will open only once buy and does not open again even it crosses then I tick Max open, here it just keeps opening on same directions 3,4,5 trades

it is fine to have these options because people do want but I would think it should have the option to only open when crossing each time.

ANOTHER ISSUE
when you open the bot and setting up then click "Activate alert" - it just opens trade straightaway

Because cannot be backtested and only forward tested there has been limited data to know how exactly it fully works.

Suggestion
Please Mike why not produce us a MACD bot that can be backtested - a fully functioning MACD bot
MACD can provide up to a 70% winning rate (subject to which instrument, settings, and money management).

Mike

Hi, thank you for spending your time reporting this, after careful investigation, I have found that the trades open after the re-arm alert time which is correct, I will try and explain how this alert system works.

Firstly this is not designed as a MACD automated trading system, but instead, as an alert system when the conditions are met listed in the alert settings, even when you first start the cBot.

Signal is greater than zero
MACD is rising
MACD is greater than zero
Histogram is greater than zero

So it is not when the MACD lines cross and if you set the only once trade option then the trade will open only once per signal, if this option is turned off then a trade will open after each re-arm time limit as long as the conditions are true.

You may want a traditional MACD trading system, I agree on your idea to sell one of these and this is in our pipeline to be published soon.

Due to the recent update of cTrader we have had to change a lot of the code for it to work and a new update will be published soon, also, I am re-checking the logic so it is working correctly, if I find any bugs I will move this thread to the open bugs forum.

You may also be interested in our new algorithmic trading school where we show you how to code and build a MACD trading system with little coding experience.

How to build a basic trading robot

Bug fixes
I have found a few bugs and fixing them now and I will post it here once it is been published so you can download it.

The product page has been updated with this:

How Auto-Trading Works?

If you check the option once only and select to open position then when the conditions for a signal happen a single trade will open for that side, this trade will only close due to the user closing it or a stop loss & take profit target. If you do not check once only and you set the max open to above 1 then as long as there is a signal for a buy or sell and the re-arm time has passed a new trade will open up to the maximum set.

Please note that this trading system is not your standard MACD crossover strategy where a trade opens and closes each time the signal and MACD lines cross, if you are looking for this type of system then search our marketplace.

Mike

An update has been published as part of a list of products that were affected by the recent cTrader update v4.2.x, also this product has had some bug fixes to only open a single order per signal.

List of ClickAlgo Product Updates

KMATrade

Hi Mike, thank you for your explanation.
I fully understand the concept of the MACD alert functionality as per your details explanation
For that you have explained then it works fine

I am in need of MACD bot
I do need to start learning how to code
I thought to leave the programming to the expert however it seems in this game I need to learn somehow

I am happy for this topic to be closed

KMAtrade

Mike

I think for you, learning to code your own ATS (cBots) would be very beneficial.