ADX, MACD and ZigZagColor EA

1 time frame must be selected and should be any of M1, M5, M15, H1, H4, D1, W1 and MN1. Please enable me to select the time frame I wish to trade.

All signals are generated from closed candle sticks, thus if the candle stick is still open trade cannot be booked until the candle stick with the required signal is closed. All Indicators are in MT5.

Buy Signal

1.       ADX was lower than 25 and rises and closes above 25 (please enable to change this value in case I require a bigger ADX value)

2.       Check MACD value (not signal line value) for the candle stick that closed with the ADX above 25. Compare that candle stick’s MACD value to the MACD value of the previous candle stick; if the value is rising there is a buy signal

3.       The last condition is ZigZagColor must be blue (buy signal). If Zig Zag is not blue at the time of the above 2 requirements the trade should not be booked.

Will provide the stop loss rule

Sell Signal

1.       ADX was lower than 25 and rises and closes above 25 (please enable to change this value in case I require a bigger ADX value)

2.       Check MACD value (not signal line value) for the candle stick that closed with the ADX above 25. Compare that candle stick’s MACD value to the MACD value of the previous candle stick; if the value is decreasing there is a sell signal

3.       The last condition is ZigZagColor must be red (sell signal). If Zig Zag is not red at the time of the above 2 requirements the trade should not be booked.

Will provide the stop loss rule

Will share the spec as we chat further