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MQL5 Indicators Experts Forex

Specification

The idea of the trading system is as follows: market entries are performed when MACD's main and signal lines intersect in the current trend direction.

2. Trend is determined based on the Exponential Moving Average with the specified period (InpMATrendPeriod). If the current EMA value is greater than the previous one, the trend is seen as growing (ema_current > ema_previous). Alternatively, if current EMA is below the previous one, the trend is considered to be falling (ema_current< ema_previous).

3. Trading Signals:

  • Buy signal: the main MACD line crosses the signal line upwards (macd_current>signal_current && macd_previous<signal_previous).
  • Sell signal: the main MACD line crosses the signal line downwards (macd_current<signal_current && macd_previous>signal_previous). The below figure shows Buy and Sell cases.

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Project information

Budget
100+ USD
For the developer
90 USD