Simple MACD EA
Logic:
- Trend-Following:
- Utilizes the MACD indicator to determine the trend direction.
- Buys if the MACD signal line is positive, indicating an upward trend.
- Sells if the MACD signal line is negative, indicating a downward trend.
- Order Management:
- Trades are managed based on the MACD strength and direction, with logic for closing trades if conditions change.
- Implements a trailing stop mechanism to lock in profits as the trade moves favorably.
- Adjusts order execution based on specific conditions like price exceeding a certain point from the open price or the trend changing direction.
- Profit Protection:
- Closes trades if specific conditions are met, such as the price reversing after a certain period or if the trailing stop is triggered.
