LandOfCash Forex expert advisors, Trailing EA, Indicators.

Forex Trading Expert Advisors (EA or automated trading system) and Custom Indicators (CI) for MetaTrader Platform.

LOCTrailing With Partial Close Expert Advisor protect your orders profit. Trail stop level for manual and automatic orders with different algorithms, move stop loss into breakeven. Order now for only $129.95

LOCInfo Custom Indicator follow the simple rules and make the right decision when to buy or sell. View Moving Average, Stochastic indicators from multiple time frames in one place. Download now for FREE!


Welcome Guest! To enable all features please Login or Register.

Notification

Icon
Error

Options
Go to last post Go to first unread
OmSaiTech  
#1 Posted : Thursday, August 17, 2017 12:50:15 AM(UTC)
OmSaiTech


Rank: Advanced Member

Groups: Registered
Joined: 5/22/2016(UTC)
Posts: 36




The Dealers Trade MACD Expert Advisor is an innovative VertexFX client side script that employs trend

reversal trading techniques based on the MACD indicator, along with advanced account protection mechanisms

during trade reversals.
This Expert Advisor identifies MACD divergence, whereby a BUYING opportunity is created when the MACD is

falling, but the price is rising. Since the price is rising, but the MACD is falling, eventually the MACD must rise,

and the potential of a bullish breakout is increased due to the feedback loop.
Similarly, a SELLING opportunity is created when the MACD is rising, but the price is falling. Eventually, the

MACD must fall, and the potential of a bearish breakout increases due to the feedback loop.
The Expert Advisor evaluates conditions for a BULLISH or BEARISH divergence. When a divergence

condition is detected, it places a trade in the direction of the divergence. For example, if MACD is rising, and the

price falling, a BEARISH divergence is formed. The Expert Advisor places a SELL trade at market price.
The take-profit and stop-loss are set accordingly.
In the likelihood that the price continues to fall, no further action is necessitated because the SELL trade is

profitable. The SELL trade is then managed using the trailing stop.
On the contrary, if the price continues to rise, the SELL trade is adversely affected, and at a loss. When this

SELL trade reaches a loss of PIPS (pips), and the BEARISH divergence still exists, a new SELL trade is opened.
This process continues till the SELL trades become profitable (some SELL trades may become profitable, while

the earliest opened SELL trades may not become profitable), or new SELL trades will be opened at a distance

of PIPS from the previous SELL trade, till the total number of SELL trades opened is equal to MAX_TRADES.
The lot-size of the new trade is multiplied by DOBLE of the previous trade’s lot-size. When the maximum

number of trades is reached, the robot does not open new trades – it waits for the stop-loss to hit, or for the

trades to turn profitable.
If a BULLISH divergence is detected while SELL trades are open, the robot does not close the open SELL

trades, but rather opens BUY trades with similar rules – each BUY trade is opened PIPS distance below the

previous BUY trade.
The BUY and SELL trades are tracked independently, and their profits are not combined. If

ACCOUNT_PROTECTION is enabled, then when the open profit of each leg (SELL or BUY)reaches

SECURE_PROFIT amount, then the stop-loss of all the trades in that leg are moved to the average price

(break-even) of that leg.
File Attachment(s):
Dealers_Trade_MACD.zip (5kb) downloaded 2 time(s).

You cannot view/download attachments. Try to login or register.
Josesv  
#2 Posted : Tuesday, January 16, 2018 4:27:38 PM(UTC)
Josesv


Rank: Newbie

Groups: Registered
Joined: 1/16/2018(UTC)
Posts: 8

Excellent, it's a good tc indicator, I think it's very well designed, I've tried it in Metatrader 4 and I see that it has a good orientation. Thanks for your contribution
See foreign exchange rates in https://alpari.com/en/analytics/currency/
Rss Feed  Atom Feed
Users browsing this topic
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.