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MACD 3TF AND INCREASE VOL

MACD 3TF Volume Increase is an Expert Advisor from the series "Trade systems with increasing volume of position". 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 VI Martingale.  

It uses one standard indicator MACD. Signals for opening and modifying positions are produced according to formed bars of three timeframes specified in the parameters of the Expert Advisor. Modification of the Trailing Stop level is performed according to maximums/minimums of the current timeframe. Usually, this is the minimum timeframe indicated in the parameters.

The list of Expert Advisor parameters:

  • Magic Number – magic number (identifier of trade operations of the Expert Advisor).
  • Deviation – price slippage in points.
  • 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 – the 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 – level of fixing the profit, which is indicated in points from the position open price. If the value is set to zero, Take Profit will not be set.
  • Stop Loss – protective level, which is indicated in points from the position open price. If the value is set to zero, Stop Loss 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) of bars for Sell positions and minimums (Low) of bars for Buy positions. If the value is set to zero, the protective level will not be modified.
  • Reverse – in this parameter, one can specify if positions will be reversed in case an opposite signal appears. Value 'true' means that positions will be reversed if an opposite signal appears.
  • Lot – position volume (lot).
  • Volume Increase – the amount to increase the position volume by in case the condition is true. If you set a zero value, the volume will not be increased.
  • Volume Increase Step – distance from the last deal in points the price should pass before the condition for increasing the volume is considered true.

Conditions:

A signal to open a position is true if the following conditions are fulfilled:

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 (growth).
  • If a position is opened, the model of increasing the volume starts its operation in the Expert Advisor. The volume is increased if the price goes in the profitable direction and reaches the level, which is calculated for Buy positions as the last deal price plus the number of points indicated in Step Increase. The close price of the formed bar must be above the calculated level.

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 (fall).
  • If a position is opened, the model of increasing the volume starts its operation in the Expert Advisor. The volume is increased if the price goes in the profitable direction and reaches the level, which is calculated for Sell positions as the last deal price minus the number of points indicated in Step Increase. The close price of the formed bar must be below the calculated level.

Additional parameters and features:

The Expert Advisor additional parameters:

  • On/Off Info Panel – enables/disables the informational and trading panel in the left part of 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
3490
2017.01.31 06:51 
 

User didn't leave any comment to the rating

Yuriy Suslov
50
2016.01.25 14:24 
 

При изменении настроек на лету не подхватывает изменения параметров на текущем открытом ордере, только на следующем, в частности, профит и стоп лосс

Rodrigo da Silva Boa
7131
2016.01.24 00:15 
 

User didn't leave any comment to the rating

Vadim Strelkov
7889
2014.03.11 14:35 
 

User didn't leave any comment to the rating