MACD TL EA

MQL4 Experts

Specification

Hi All,

I need an MACD based trendline EA.

MACD=
Check bar number= how many bars used to determine the trendline
Max order per direction = how many times to trade in the same direction without changing the trend
Tp, sl, trailing, be=
magic=
enter if already passed= true, false // if macd value already passed trendline value, and filter is true, ea opens order. if false, waits till macd moves below trendline and closes over it again.

Works as following:

At start checks MACD value. If bigger than 0 waits till it becomes negative in a closed bar. If negative waits till it becomes positive. Here is an example of working.

Last closed bar changed from negative to positive. EA starts to check MACD value. In this example Check bar number= 3. EA checks last 3 closed bars value. Bar1 is the last one, Bar2 is the last one - 1, Bar3 last one -2. If Bar1<Bar2<Bar3 (see pic 1) ea places a trendline connecting the highest high with the secons highest high. (see pic 2).

Buy is the opposite. Ea opens orders if MACD value in a closed bar moves over trendline. (see pic 3 for buy) (pic 4 for sell)


And for enter if already passed see pic 5.

Happy bidding.

Csaba

Files:

JPG
pic1.jpg
172.2 Kb
JPG
pic2.jpg
190.9 Kb
JPG
pic3.jpg
191.1 Kb
JPG
pic4.jpg
184.1 Kb
JPG
pic5.jpg
178.2 Kb

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