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Rules
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Specification
Hello, looking for an Expert Advisor for MT4 that is based off the MACD crossing signal and a 200 EMA Trend Line on forex pairs. I use Oanda 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 1:2 and a stop loss that is 5 pips above or below the last pullback using fractals to mark the pullback unless the EA can identify pullbacks using a better method. Looking for it to work on 30 min to 1hr timeframe and if possible, only allowing one trade per chart (currency) at a time. But can run up to 3 different currencies. (ie. 1 trade on 1 hr EURUSD, 1 trade on 1hr EURJPY, 1 trade on 30 min AUDJPY)
The TRADINGRUSH MACD Strategy is what I am going for which can be found on the following two links
https://www.youtube.com/watch?v=nmffSjdZbWQ
https://www.youtube.com/watch?v=6DE_eEMfOP8
Buy Order:
on a MACD(12,26,9), when the Main line crosses the signal line upwards (if its below the 0 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 1:2RR.
Sell Order:
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.
Stop Loss:
The Stop Loss should be placed 3-5 Pips below (if buy) or above (if sell) the most recent pullback. Considering using fractals to mark the pullback for the ea unless there is a better way. 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 1:2 Risk to Reward with changeable settings for the Risk Reward along with Lot Size options per forex currency pair.