MACD Cross Zero EA v1.02
Logic:
- Trend-Following:
- The EA uses the MACD (Moving Average Convergence Divergence) indicator to identify trend direction.
- Buys are initiated when specific MACD conditions are met (e.g., MACD crossing above the zero line).
- Sells are initiated when opposite MACD conditions are met (e.g., MACD crossing below the zero line).
- MACD-Based:
- The EA employs the MACD indicator as its primary tool for generating trade signals.
- It allows for the adjustment of MACD settings such as fast EMA, slow EMA, and signal SMA periods.
- Dynamic Lot Sizing:
- The EA adjusts lot sizes dynamically based on account balance, equity, and other factors to manage risk effectively.
- Order Management:
- The EA includes several advanced order management features, such as hiding stop loss/take profit, using ECN broker compatibility, and managing the maximum number of trades per bar.
- It can also close orders on opposite signals and includes a trailing stop feature to secure profits.
- Time Management:
- The EA can filter trades based on specific time windows, allowing trades only during certain hours or days.
