A custom EA for MT4

INDICATORS USED (on closing price)

            A) double exponential moving average (period: 80, shift: 0)

            B) double exponential moving average (period: 200, shift: 0)

            C) parabolic SAR (step: 0.002, Max: 0.20)

            D) MACD(fast EMA: 12, slow EMA: 24, MACD SMA: 9)

 Above settings can be made into EA settings (can be changed by user)

LONG SCENARIO (BULLISH)

ENTRY SIGNAL

1) (T-1) A crosses B in prior period from BOTTOM UP

+

2) (T+0) Spot price vs intersection of A and B must not be MORE THAN X% deviation > X% deviation have to be able to adjust n tweak

+

3) (T+0) spot price moves ABOVE (T-1) HIGH

+

4) (T+0) MACD histogram must be HIGHER / LESS SHALLOW than previous bar

EXIT SIGNAL

1) (T+0) Parabolic SAR flip to UNDER

or

2) A crosses B in prior period from TOP DOWN

or

3) Price ( end of period / spot?? - this can make into setting to choose whether based on last candle or current candle ) DROPS BELOW B

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SHORT SCENARIO (BEARISH)

ENTRY SIGNAL

1) (T-1) A crosses B in prior period from TOP DOWN

+

2) (T+0) Spot price vs intersection of A and B must not be more than X% deviation > X% deviation have to be able to adjust n tweak

+

3) (T+0) spot price moves BELOW (T-1) LOW

+

4) (T+0) MACD histogram must be LOWER / DEEPER than previous bar

EXIT SIGNAL

1) (T+0) Parabolic SAR flip to ABOVE

or

2) A crosses B in prior period from BOTTOM UP

or

3)        P rice ( end of period / spot??  - this can make into setting to choose whether based on last candle or current candle )  RISE ABOVE B