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Hi I would like to commission an EA for a simple strategy based on two indicators. Here are the strategy rules:
1. Use MACD Histogram (with adjustable fast & slow MA's) to determine trade direction.
Only initiate buy signals if MACD > 0 (adjustable #)
Only initate sell signals if MACD < 0 (adjustable #)
2. Use Stochastic (5,3,3,0 (adjustable)) indicator to initiate signals if confirmed by MACD parameters.
Only initiate buy signals when %K line crosses out of oversold conditions (from below 20 (adjustable#) line to above it.) & only when confirmed by MACD buy parameters.
Only initiate sell signals when %K line crosses out of overbought conditions (from above 80 (adjustable#) line to below it) & only when confirmed by MACD sell parameters.
Exit trades on opposite Stoch signals or if Stoch re-enters overbought or oversold conditions (crosses back over 80 or 20 lines before entering opposite conditions)
OR Exit trades based on take profit and stop loss parameters (adjustable)
Other adjustable parameters:
- Position size
- Time frame (make "current" an option)
- Trailing stop loss
Things to include:
- Magic number
- "Start/Stop" button on chart
I would like to use this EA on multiple currency pairs as well as on renko charts
Message me with any detail questions
Similar to attached picture, althought not a Stoch crossover EA but a signal line cross
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