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I want to develop an EA that uses super trend indicator and Macd histogram will give you the indicators for the project. Now this are the conditions.
For BUY:
If the super trend indicator turns green and the crossover line is above the 0 line it should take a buy trade and put the stop loss above the super trend line. Now remember sometimes the macd crossover line but cross below the 0 line please that is not a valid signal. The price must be above the green super trend line and the macd crossover over lines must be above the 0 line for a valid buy signal. And the EA will only close the trade if the opposite happens which means if the super trend turns red and the Macd crossover is below the 0 line.
Now this EA can enter multiple entries in a particular trend this are the conditions for another buy entry in the same trend:
If the macd histogram turns red in a buy trend the EA will wait and take another buy entry when the macd histogram turns green again and put the stop loss above the super trend line. I will take pictures and show you the representation of this please no mistakes. Please when the EA re-enters any trade it shouldn't close the already running trades.
For SELL:
If the super trend indicator turns Red and the crossover line is below the 0 line it should take a sell trade and put the stop loss below the super trend line. Now remember sometimes the macd crossover line might cross above the 0 line please that is not a valid signal. The price must be above the green super trend line and the macd crossover over lines must be above the 0 line for a valid buy signal. And the EA will only close the trade if the opposite happens which means if the super trend turns green and the Macd crossover is Above the 0 line
Now this EA can enter multiple entries in a particular sell trend this are the conditions for another sell entry in the same trend:
If the macd histogram turns green in a sell trend the EA will wait and take another sell entry when the macd histogram turns red again and put the stop loss below the super trend line. I will take pictures and show you the representation of this please no mistakes. Please when the EA re-enters any trade it shouldn't close the already running trades.
There should be options in the settings to turn off or turn on the re-entry signal or rule. There should be options for breakeven too. There should also be options for manual take profits
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