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Confirmation indicator

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Confirmation indicator

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  #1 (permalink)
Experience: Beginner
Platform: NinjaTrader
Trading: furures
Posts: 41 since Jul 2020
Thanks: 7 given, 14 received

Hello all,

I would like to ask for your wisdom on the following question. I am trying to use MACD crossover strategy combined with the 200 EMA line to trade NQ. The setup is this.

On an uptrend, I enter long when the MACD crossover happens below the 0 reference line and the price action (Renko bars) first touches down the 200 EMA and then closes above it (3rd bar above the 200 EMA). I use ninzarenko 12/2 bars. The strategy has shown some promising trades, however, there were some trades that the entry set up was good (as per description) but after the 4th Renko bar it reversed direction and I got stopped out. That's ok, it is part of the trading and I understand that, but I would like to ask all of you kind people out there which indicator should I add to the above strategy in order to have a better understanding of whether the price will revert or will continue moving up.

Thanks much.

Below I attached 2 screenshots for better visualization. The first one shows a successful entry and exit. Second, on shows a potential stop loss reached.

P.S For those who trade NQ what is your favorite risk-to-reward ratio?

Attached Files
Register to download File Type: pdf MACD crossover startegy.pdf (205.0 KB, 18 views)
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  #2 (permalink)
Legendary Wicked Trader
Melbourne, VIC, Australia
Experience: Intermediate
Platform: NinjaTrader
Trading: SPI
Posts: 567 since Dec 2010
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I can suggest to try and test successfully the strategy on time bars first (or ticks) as Renko is behaving badly when it comes to trading live.
Results on testing will usually "improve" with the increase of the size of Renko bar.

Sometimes to change the filter (MA) may help to get better results.

You can try to test all possible timeframes and chart styles to compare results.

Some indicators like Stochastic, Williams%R and RSI may be of help to pinpoint the cycle and confirm change of direction.


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Last Updated on June 22, 2022

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