An Expert Advisor based on traditional MACD and 200 EMA

MQL5 Asesores Expertos

Trabajo finalizado

Plazo de ejecución 13 horas

Tarea técnica

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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