This EA uses the MACD Histogram Strategy. Entries opened when the "D" signal line cross the histogram.
The Buy position entered only when the cross is below the zero line while the Sell position entered above the zero line.
The Moving Average Convergence/Divergence (MACD) is an oscillator that combines two exponential moving averages (EMA)—the 26-period and the 12-period—to indicate the momentum of a bullish or bearish trend. MACD can be used to signal opportunities to enter and exit positions.
It is one of the most popular technical indicators in trading and is appreciated by traders worldwide for its simplicity and flexibility.
The point on the histogram where momentum is zero is the zero line.
Parameters of iMACD
symbol = _Symbol
[in] The symbol name of the security, the data of which should be used to calculate the indicator. The NULL value means the current symbol.
period = PERIOD_M5 or PERIOD_H1
[in] The value of the period can be one of the ENUM_TIMEFRAMES values, 0 means the current timeframe.
fast_ema_period = 12
[in] Period for Fast Moving Average calculation.
slow_ema_period = 26
[in] Period for Slow Moving Average calculation.
signal_period = 9
[in] Period for Signal line calculation.
applied_price = PRICE_CLOSE
[in] The price used. Can be any of the price constants ENUM_APPLIED_PRICE or a handle of another indicator.
Inputs
Account Number - This feature to prevent user from running the EA on the wrong account when user have more than 1 account.
Timeframe Low - Timeframe for the Buy/Sell signals. Default M5.
Timeframe High - Timeframe for trend direction on higher timeframe. Default H1.
Maximum Buy - Default 3 positions.
Maximum Sell - Default 3 positions.
Lot Increment - Lot increment for the next position when the current position is floating. Default 0.01.
Entry Take Profit - Default 10,000
Entry Stop Loss - Default 0
Take Profit Method - Default Signal. EA will close the positions when the signal reversed. None - Positions closed by Entry Take Profit. Trailing - EA will update the Stop Loss of the positions to guarantee the position is on profit when direction reversed.
Back Tested from Jan'24 - May'24 on XAUUSD on leverage 1:500, Modelling Every Tick based on real ticks, zero latency delay.
