Comparing Profitability of Cash Flow Generated from EMA, MACD, and RSI Trading System on Grid Trading System in the Foreign Exchange Market

Abstract

The objective of this study is to evaluate and analyze the efficiency and profitability of Cash Flow generated from EMA, MACD, and RSI Trading System on Grid Trading System, which is one of the most popular money management strategy in trading nowadays. The simulation method is operated on Strategy Tester function on MetaTrader4 by using secondary data of close prices of the foreign exchange rates, AUD/USD, EUR/USD, GBP/USD, NZD/USD, USD/CAD and USD/CHF, on 1 hour chart from 1 January 2018 to 28 December 2018.
The results show that the MACD method generates higher returns from Cash Flow in Grid Trading System than EMA method and RSI method, and EMA method cannot generates higher returns from Cash Flow in Grid Trading System than RSI method.