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1. Integrate the MACD Indicator on MT4
2. Buy and Sell order will be based on the MACD indicator direction based on H1 time frame
SELL ORDER condition = When the MACD indicator detected/changed to sell signal and bearish candle confirmation with below 200 EMA in order to avoid false signal.
BUY ORDER condition = When the MACD indicator detected/changed to buy signal and bullish candle confirmation with above 200 EMA in order to avoid false signal.
3. MACD Indicator parameter setting
4. Default Lot Size: 0,02
5. Auto lot size and risk percentage for each order. If activate, The EA will calculate the lot size based on the balance and default is 2% risk per trade.
The auto lot size calculation format would be 0.10 X 2% X balance / 100.
For example the balance is $1,000
The format would be 0.10 X 2% X $1,000 /100 = So the auto lot size would be 0.02
6. Maximum trade = 10 Trades
7. Maximum Spread = 10 pips
8. Take Profit = 50 pips
9. Stop Loss = 100 Pips
10. Licensing system by Account number and expiry date
11. Trailing Stop= The TS will be automatically move to entry price points if the order in 20 pips profit and every time the order earned more 10 pips,
the TS will be move to entry price plus 5 pips to lock the 5 pips profit and so on for every 10 pips. The TS can be activate or deactivate as well.
12. Show panel: Show some information on the chart (I have attached the picture for your reference)
- Show the earn and loss in points
- Show the total profit in $
13. MQL4 Source code needed
This EA entry order will be based on MACD indicator signal direction. I need the MACD indicator parameter setting.
Thank you
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