3TF MACD

3TF MACD 

It must use one standard indicator MACD. Signals for opening and modifying positions must be produced according to formed bars of three timeframes specified in the parameters of the Expert Advisor. Modification of the Trailing Stop level must be performed according to maximums/minimums of the lower timeframe. Usually, this is the minimum timeframe indicated in the parameters.

Apart from specified timeframes, execution of orders must be performed timely according to the current/opened Timeframe (the timeframe that is open or the timeframe that the EA is attached on), this means if the current/ open timeframe is H1 then positions will be opened Hourly. 

Magic Number “ magic number (identifier of trade operations of the Expert Advisor).

Deviation “ price slippage in points.

Timeframe 1 “ the first specified timeframe.

Fast EMA Period “ period of the fast EMA of the MACD indicator for the first timeframe. If you set a zero value, the indicator from this timeframe will not be considered.

Slow EMA Period “ period of the slow EMA of the MACD indicator for the first timeframe.

Signal SMA Period “ period of the signal line of the MACD indicator for the first timeframe.

Timeframe 2 “ the second specified timeframe.

Fast EMA Period “ period of the fast EMA of the MACD indicator for the second timeframe. If you set a zero value, this parameter will not be considered.

Slow EMA Period “ period of the slow EMA of the MACD indicator for the second timeframe.

Signal SMA Period “ period of the signal line of the MACD indicator for the second timeframe.

Timeframe 3 “ the third specified timeframe.

Fast EMA Period “ period of the fast EMA of the MACD indicator for the third timeframe. If you set a zero value, this parameter will not be considered.

Slow EMA Period “ period of the slow EMA of the MACD indicator for the third timeframe.

Signal SMA Period “ period of the signal line of the MACD indicator for the third timeframe.

Take Profit “ level of fixing the profit, which is indicated in points from the position open price. If the value is set to zero, Take Profit will not be set.

Stop Loss “ protective level, which is indicated in points from the position open price. If the value is set to zero, Stop Loss will not be set.

Trailing Stop “ step in points used for modification of the protection level in the profitable direction. The level is calculated using maximums (High) of bars for Sell positions and minimums (Low) of bars for Buy positions. If the value is set to zero, the protective level will not be modified.

Reverse “ in this parameter, one can specify if positions will be reversed in case an opposite signal appears. Value ‘true’ means that positions will be reversed if an opposite signal appears.

Close All ' enables/ disables the function to close all positions pertaining to the pair if the condition is not meet 

Lot “ position volume (lot).

Conditions:

If a position is opened, the model of increasing the volume starts its operation in the Expert Advisor. The volume is increased if the price goes in the profitable direction and reaches the level, which is calculated for Buy positions as the last deal price plus the number of points indicated in Step Increase. The close price of the formed bar must be above the calculated level.

Additional parameters and features: