Macd Pattern Trader v01

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  • #455
    Charlie Jones
    Participant

    Short Description of the EA Algorithm:

    1. Timeframe: H4.
    2. Symbol: EURUSD; Volume: 1 lot.
    3. Indicators: EMA7, EMA21, EMA359, SMA89. MACD 5,13,1.

    Buying Signal
    1. MACD histogram must take a value below -0.0045.
    2. After a maximum below -0.0045 has been formed, the histogram must grow above -0.0045 and form a minimum, after which you should buy.
    3. A stop order is placed 10 points below the latest local minimum.
    4. The first target for 30% of positions is closed, if the price value exceeds that of 21-period exponential average.
    5. The second target for a half of all positions is closed as soon as the price reaches a value between the 89-period SMA and the 365-period EMA.
    6. The third target for the resting positions is closed as soon as the price reaches the price support level.

    Selling Signal
    1. MACD histogram must take a value above 0.0045.
    2. After a minimum above 0.0045 has been formed, the histogram must fall below 0.0045 and form a maximum, after which you should sell.
    3. A stop order is placed 10 points above the latest local maximum.
    4. The first target for 30% of positions is closed, if the price value is below 21-period exponential average.
    5. The second target for a half of all positions is closed as soon as the price reaches a value between the 89-period SMA and the 365-period EMA.
    6. The third target for the resting positions is closed as soon as the price reaches the price resistance level.

    The EA tested with standard parameters:

    After parameters optimization:

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