An Expert Advisor based on traditional MACD and 200 EMA

MQL5 Experts

Job finished

Execution time 13 hours

Specification

Hello developers ,this strategy has already be performed on this platform,so i think you'll remember and understand the job.I just want to add a Higher timframe for trade confirmation and should work on any assets and instruments.


Buy Order:

On Higher timeframe 12EMA is above 26EMA

On Lower timeframe 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. 

Sell Order: 

On Higher timeframe 12EMA is below 26EMA

On Lower timeframe 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. 

Stop Loss: 

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: 

Take Profit should be 1:1.5 Risk to Reward with changeable settings for the Risk taken by each trade along with Lot Size.

Thank you for applying and God bless you

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