Macd multi time frame only short positions

MQL5 Experts

Specification

Hi;


Is a version of MACD multi time frame, but this time only with short position.


There are four variables per time frame:

ð  MACD period – one per time frame (double)

ð  buysignal – one per time frame (decimal)

ð  sellsignal – one per time frame (decimal)

ð  Trailing stop order – one per time frame (decimal)

The EA must work in six different time frames:

0:00 – 3:59

4:00 – 7:59

8:00 – 11:59

12:00 – 15:59

16:00 – 19:59

20:00 – 24:00

When to open a position:

If in the previous bar the MACD closed over the buysignal and in the current bar the MACD closed bellow the buysignal then open short position with a trailing stop order.

When to close a position:

Once the EA open a short postion, and if in the previous bar the MACD closed below sellsignal and in the current bar the MACD closed over the sellsignal then close short position.

The EA must close the position if in the currect bar the index/currency achive the trailing stop order.

Thank you.

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