This expert identifies macd divergence when
BUYS
- stochastic main line > signal line
- stochastic is between oversold levels ( control over duration how long has stochastic between these lvls input candle period 9 & 10 )
- Closes trades based on the upper bollinger band level at the time trade is taken. stops are set at 100 % equal to target stoplosspercentTP
- All indicators including the macd divergence are multi time frame capable .
Example you could have divergence occur on 4 hr timetrame , stocastic confluence on the 30min chart . and Targets and stops on the 5 minute bollinger band levels.
Sell inverse.
*The EA only trades if there is no other open trades*
Include alert only EA
* when changing the timeframe settings must use 1 minute open data to test *
enjoy
