Hi, I have watched the trading rush youtube channel and would like an EA ( I see that a person in mid dec 2020 has developed one)
Expert Advisor for MT4 that is based off of the MACD crossing signal and a 200 EMA Trend Line on forex pairs and indices or commodities. I use AvaTrade MT4 . If above 200 EMA and the MACD crossover is below the zero histogram then it would be a buy and then if below the 200 EMA and the MACD crossover is above the zero histogram then it would be a sell. Looking for a Risk Reward of 1:1.5 and a stop loss that is 5 pips above or below the last pullback. (with an option of using a trailing stoploss), Looking for it to work on 1min to 1hr timeframe but favouriting the 1,5,15min timeframes and if possible only allowing one trade per chart (currency) at a time. But can run up to 3 different instruments. (ie. 1 trade on 15min EURUSD, 1 trade on 15min US30, 1 trade on 5min AUDJPY). So would like to have the facility to optimise for each different instrument
The TRADINGRUSH MACD Strategy is what I am going for which can be found on the following two links
on a MACD(12,26,9), when the Main line crosses the signal line upwards (if its below the histogram), and the current price is above the 200EMA place a buy order (after the second green candle in a row closes as confirmation) with a Risk Reward of 1:1.5RR.
on a MACD(12,26,9), when the Main line crosses the signal line(if its above the histogram), and the current price is below the 200EMA, place a sell order (after the second red candle in a row as confirmation) with a RR of 1:1.5RR.
The Stop Loss should be placed 3-5 Pips below (if buy) or above (if sell) the most recent pullback. Then if we can get a trailing stop loss once a 1:1 Risk Reward if that is possible.
Take Profit should be 1:1.5 Risk to Reward with changeable settings for the Risk Reward along with Lot Size options per forex currency pair.Hope the attached pictures help!