Simple EA MT4 based on MACD and ATR with pending orders

Indicators used:

MACD (settings must be controlled in the EA)

ATR (settings must be controlled in the EA)

Order Management

Only take pending orders

Buy Stop

Sell Stop

Placing orders

MACD has to cross the zero line and has to stay after candle close above/below zero.

Place Buy stop trade after candle close if MACD has crossed the zero line. Place Buy Stop ATR x factor (to be determined in EA) above high of signal candle.

Example EURUSD: candle closes at 1.1400, ATR for the time frame is 30 pips and the factor is 0.4, then buy stop has to be placed at 1.1412.

Example US30: candle closes at 35.000, ATR for the time frame is 1.000 points and the factor is 0.6, then buy stop has to be placed at 35.060

Vice versa for Sell Stop

 #Rule 2

  Pending order is valid for x candles (to be determined in EA). After closing of candle no. x, pending order is deleted

 #Rule 3

Pending order is deleted when opposite signals comes, based on candle close

Money Management

fix lot size

% of equity

Trade Management

SL factor x difference between candle close and pending order (to be determined in EA)

TP factor the same

BE settings with BE after x percent of TP and BE + x pips

Miscellaneous

EA must have trading times

EA must have max spread

EA must work for FX pairs and indices