If you’re looking for a reliable way to capitalize on market movements, this expert advisor does the trick by identifying MACD divergence in real-time. Let’s dive into how it works!
How This Expert Advisor Operates
When the EA identifies a buy signal, it checks the following:
- The stochastic main line is above the signal line.
- The stochastic is within oversold levels (you can control the duration it stays within these levels by adjusting the candle period to 9 & 10).
- Trades are closed based on the upper Bollinger Band level at the time the trade is executed, with stops set at 100% equal to the target stoplosspercentTP.
- All indicators, including the MACD divergence, work across multiple time frames.
This means you could spot a divergence on a 4-hour chart, find stochastic confirmation on a 30-minute chart, and set your targets and stops using the 5-minute Bollinger Band levels.
What About Sell Signals?
For sell signals, the process is the inverse. Just remember, the EA only trades if there are no other open trades, keeping your strategy clean and efficient.
Additional Features
Plus, you have the option to include alerts with the EA to keep you updated. Just a tip, when adjusting the timeframe settings, make sure to use 1-minute open data for testing!
Enjoy trading!
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