Create an EA based EMA and Traditional MACD with ATR

MQL4 Experts

Job finished

Execution time 5 days
Feedback from customer
I can only recommend him,his prices are really competitive for a great deliver, clean code, fixing every details properly, great first experience, I'll come back to him for the next EA! Thanks again.
Feedback from employee
Good employer! Thank you :)

Specification

Hey folks.

So I want to start simple with the creation of an EA based on traditional MACD with a 200 EMA filter.

Basically EA will open a buy order (on candle closing) only if the price is above the 200EMA and only open sell order (on candle closing)  if the price is below 200 EMA

The buy signal will be the crossover of the MACD above the signal line but only if the crossover happens below the 0 line, and sell signal is the opposite with crossover of the MACD below the signal line but only if the crossover happens above the 0 line.

As for risk management it will be based off ATR. SL will be 1.5 times the ATR and TP will happens at 2 times the ATR with the option to cut X% of the position at the TP target and let the rest of the position run until the next MacD/signal crossover while setting SL at break even


As for the option for the EA:

position size: fixed lot or "X"% of capital

Maximum number of open trades

modify the MACD values

choose the timeframe

modify the SL and TP by "X" x ATR

EMA Value (and MA method choice)

Trading sessions Asia/EU/US

open trade only if ATR > "X"

open trade only if spread < "X" times the ATR

or open trade only if spread < "X"

Martingale option


I think that's about it, thanks for your interest!

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Project information

Budget
30+ USD