Hello everyone.
I have been devising a strategy that uses momentum and trend strength to scalp a fixed amount on ever trade in the market. It uses ADR and MACD. As i do not have any coding skills I can back test it using the strategy tester. I can only back test as much as I can visually. Its been working quite well visually. Lol.
If anyone is kind enough to help me out here with an EA i would well appreciate it. Once I have backtested the system, I will post a detailed description of it here plus results. If it is successful of course.
I am also posting a graph for clarity of what I need as a signal generator.
For the EA this is what I would need.
MACD (9,26,12) signal has to be crossing through 0 (from +ve to -ve or vice versa)
MACD histogram has to be in a directional change (i.e. bars coming from +ve to -ve or vice versa)
MACD signal has to be below (or above in down move) the close value of the histogram bars.
ADX (14) has to be between 24.9 to 30.1
ADX has to be rising from below 24.9
candle on which the above 2 conform can be bearish or bullish. However if we are waiting for a sell signal and end up with a bullish candle, the candle must not break the high of that previous bearish candle and vice versa for the opposite direction. (but the macd bar should be of higher absolute value on the signal candle than the one before it)
Entry at close price of the signal candle (adjusted for spread). TP 10 pip. SL 20 pip.
Please let me know if anyone can help with this. Theres more rules that need to go in but can only go in visually because reading PA is very important here. If anyone is interested I can post many more details on the system. Thanks in advance.
Best,
H
I have been devising a strategy that uses momentum and trend strength to scalp a fixed amount on ever trade in the market. It uses ADR and MACD. As i do not have any coding skills I can back test it using the strategy tester. I can only back test as much as I can visually. Its been working quite well visually. Lol.
If anyone is kind enough to help me out here with an EA i would well appreciate it. Once I have backtested the system, I will post a detailed description of it here plus results. If it is successful of course.
I am also posting a graph for clarity of what I need as a signal generator.
For the EA this is what I would need.
MACD (9,26,12) signal has to be crossing through 0 (from +ve to -ve or vice versa)
MACD histogram has to be in a directional change (i.e. bars coming from +ve to -ve or vice versa)
MACD signal has to be below (or above in down move) the close value of the histogram bars.
ADX (14) has to be between 24.9 to 30.1
ADX has to be rising from below 24.9
candle on which the above 2 conform can be bearish or bullish. However if we are waiting for a sell signal and end up with a bullish candle, the candle must not break the high of that previous bearish candle and vice versa for the opposite direction. (but the macd bar should be of higher absolute value on the signal candle than the one before it)
Entry at close price of the signal candle (adjusted for spread). TP 10 pip. SL 20 pip.
Please let me know if anyone can help with this. Theres more rules that need to go in but can only go in visually because reading PA is very important here. If anyone is interested I can post many more details on the system. Thanks in advance.
Best,
H