- used on aud/usd and nzd/usd only
- This EA uses a 7ema ,20ema, 24ema, and a 30ema, plus a 2 line macd with settings of (12,33,9) (you need a two line macd for trade direction) like the one in attached file. Which i can send to you if needed
- trades on 4 hour timeframe
Entry: A short (sell) signal (not position) is generated as soon as the MACD crosses below the signal line , the position will open as soon as the 7 ema crosses below the other 3 ema's by at least 6 pips ( not before and not at the same time as macd cross , after) .as soon as that happens i want it to open , don't wait for candle close.
Entry: A Long (buy) signal (not position) is generated as soon as the MACD
crosses above the signal line , the position will open as soon as the 7
ema crosses above the other 3 ema's by at least 6 pips ( not before and
not at the same time as macd cross , after) as soon as that happens i want it to open , don't
wait for candle close.
NOTE: the macd has to cross the signal line before the 7 ema crosses the other ema's. If the 7 ema crosses before or simultaneously as the macd crosses the signal line the trade is considered invalid.
Targets/Exits: The limit for target on half the position is always 30 pips. If not stopped out at break even the second half of trade will stay open until I have 7 ema cross the other 3 ema's in the opposite direction by 6 pip's which is most likely trade in opposite direction if macd has already crossed that way.
The stoploss: the initial stoploss for position is set at 30 pips above farthest ema from position opening for a sell and below farthest ema from position opening for a buy. If The first target of 30 pips is hit stoploss for last half of trade immediately goes to breakeven
examples in file attached
#1 trade might not of happened looks close in crossing time between macd and 7 ema
#2 would of been good trade macd crossed well in advance of 7 ema, even would of made a little on second half of position before ema cross opposite way
#3 good , #4 ema cross before macd no trade , #5 good trade
requirements for job a working demo presented in reasonable time once this is met and I like ( if it follows rules above I'll like it) tell me what price you would like and we'll make it happen clowns need not apply I will be very selective on who i hire tired of wasting money and time here
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