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Request to Develop MT4 Expert Advisor (EA) – Trading Based on MACD Histogram V/Inverted-V + Volume Strategy
1. Strategy Description:
The EA will trade based on signals generated from:
- MACD Histogram shape (forming a V or inverted V)
- Volume condition comparing the current candle to the previous one
2. Entry Conditions:
Buy Entry:
- MACD Histogram forms a V shape:
- MACD[2] > MACD[1] && MACD[0] > MACD[1]
- Current candle volume (Volume[0]) is greater than 1.2x the previous candle volume (Volume[1])
- If a Sell trade is currently open, close it before opening a new Buy trade
Sell Entry:
- MACD Histogram forms an inverted V shape:
- MACD[2] < MACD[1] && MACD[0] < MACD[1]
- Current candle volume (Volume[0]) is greater than 1.2x the previous candle volume (Volume[1])
- If a Buy trade is currently open, close it before opening a new Sell trade
3. Trade Management:
- Only one trade open at a time
- If an opposite signal appears, close current trade and open a new one in the opposite direction
- Add a minimum signal interval of 10 candles between trades (customizable via SignalGap parameter)
- Trailing Stop: The Stop Loss should trail by 50 pips every time the price moves in favor by 50 pips
- Fixed Stop Loss and Take Profit: 100 pips each
- Trade lot size: 0.05 (customizable)
5. Platform:
- MetaTrader 4 (MT4)
- The EA should work on any symbol and timeframe
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