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MACD 3TF

The MACD 3TF Expert Advisor is a part of the series 'Multi-timeframe trade strategies'. Here you can find a short description of it. For more information on how to use this Expert Advisor, the test results and the analysis of its operation please refer to the corresponding article published in my blog TRADING WAY.

You may want to purchase the full version of the Expert Advisor with additional features: MACD 3TF Martingale.

It uses one standard indicator MACD. Signals for opening and modifying positions are produced according to formed bars of timeframes specified in the parameters (up to three timeframes can be enabled).


The list of Expert Advisor parameters:

  • Timeframe 1 – the first timeframe.
  • Fast EMA Period – period of the fast EMA of the MACD indicator for the first timeframe. If you set a zero value, the indicator from this timeframe will not be considered.
  • Slow EMA Period – period of the slow EMA of the MACD indicator for the first timeframe.
  • Signal SMA Period – period of the signal line of the MACD indicator for the first timeframe.
  • Timeframe 2 – the second timeframe.
  • Fast EMA Period – period of the fast EMA of the MACD indicator for the second timeframe. If you set a zero value, this parameter will not be considered.
  • Slow EMA Period – period of the slow EMA of the MACD indicator for the second timeframe.
  • Signal SMA Period – period of the signal line of the MACD indicator for the second timeframe.
  • Timeframe 3 - third timeframe.
  • Fast EMA Period – period of the fast EMA of the MACD indicator for the third timeframe. If you set a zero value, this parameter will not be considered.
  • Slow EMA Period – period of the slow EMA of the MACD indicator for the third timeframe.
  • Signal SMA Period – period of the signal line of the MACD indicator for the third timeframe.
  • Take Profit – distance in points from an entry point to the level of fixing a profit. If you set a zero value, the level of fixing a profit will not be set.
  • Stop Loss – distance in points from an entry point to the protection level. If you set a zero value, the protection level will not be set.
  • Trailing Stop – step in points used for modification of the protection level in the profitable direction. The level is calculated using maximums (High) for Sell positions and minimums (Low) for Buy positions. If you set a zero value, modification of the protection level will not be performed.
  • Reverse – in this parameter, one can specify if positions will be reversed in case an opposite signal appears.
  • Lot – position volume.


Conditions:

The signal for opening positions is true when:

For a BUY position:

  • The MACD histogram is above the signal line on all the specified timeframes.
  • The previous value of the histogram is below the current value on the smaller timeframe (growth).

For a SELL position:

  • The MACD histogram is below the signal line on all the specified timeframes.
  • The previous value of the histogram is above the current value on the smaller timeframe (fall).


Additional parameters and features:

The Expert Advisor has two additional parameters:

  • On/Off Info Panel – enables/disables the informational and trading panel on the chart.
  • Setting "On The Fly" – enables/disables the possibility to adjust parameters using the informational and trading panel.

Several Expert Advisors from this series can be attached to different charts (symbols) without causing any conflicts in their operation.

Nork
2563
2016.03.21 03:53 
 

User didn't leave any comment to the rating

Gennadiy Sidorov
1463
2014.05.16 07:26 
 

User didn't leave any comment to the rating

Vadim Strelkov
7841
2014.03.13 07:14 
 

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