Hello,
On my journey to the Holy Grail
I came across some good trading systems and indicators.
In the meantime I experiment with a very nice setting consisting basically of the Stochastic and MACD.
The tricky thing is that I need certain conditions of the MACD.
A Long position should only be taken, if the MACD was shortly before beneath a defined level and the slope of the Signal line has a defined value.
If this condition is met and the Stochastic %K-line crosses the %D-line from beneath a buy signal is on hand. Again the tricky thing is that both conditions are not necessary at the same time, but close to each other (time wise).
Attached in the doc-file you will see a message with an image that I found by someone who is also using the slope of the MACD. Unfortunately he doesn’t use MT4 (VT).
To make it easy following several pairs at the same time an indicator with the following characteristic would be of great help:
MACD:
Indicator gives an alert (acoustic and graphically, arrow) when the MACD line was beneath a certain value (possibility to place a value) and shortly after, the slope of the MACD Signal line is reaching a defined value (possibility to place a value).
Additionally the calculation of the slope should be adjustable (giving the value of the bars which are used for the calculation).
When these conditions are met, the alerts should come up. Additionally it would be convenient to have a kind of pre-alert, meaning that an alert gives a warning that the MACD is beneath a defined value.
Examples of 2 entry signals are in the attached doc-file. They are good for more than 20 and 60 pips.
Instead of the standard MACD the MACD_Colored_v104_Output_Early.mq4 was used.
The strategy should work also very well in the 4h chart.
I tried everything to find an indicator with at least the possibility of showing the slope, but without success.
Unfortunately I’m not a coder but know that we have very talented people in this forum. If someone accepts this challenge it would be of great benefit for all. At least I would greatly appreciate it.
Thanks for the help.
Antomi
On my journey to the Holy Grail
I came across some good trading systems and indicators.In the meantime I experiment with a very nice setting consisting basically of the Stochastic and MACD.
The tricky thing is that I need certain conditions of the MACD.
A Long position should only be taken, if the MACD was shortly before beneath a defined level and the slope of the Signal line has a defined value.
If this condition is met and the Stochastic %K-line crosses the %D-line from beneath a buy signal is on hand. Again the tricky thing is that both conditions are not necessary at the same time, but close to each other (time wise).
Attached in the doc-file you will see a message with an image that I found by someone who is also using the slope of the MACD. Unfortunately he doesn’t use MT4 (VT).
To make it easy following several pairs at the same time an indicator with the following characteristic would be of great help:
MACD:
Indicator gives an alert (acoustic and graphically, arrow) when the MACD line was beneath a certain value (possibility to place a value) and shortly after, the slope of the MACD Signal line is reaching a defined value (possibility to place a value).
Additionally the calculation of the slope should be adjustable (giving the value of the bars which are used for the calculation).
When these conditions are met, the alerts should come up. Additionally it would be convenient to have a kind of pre-alert, meaning that an alert gives a warning that the MACD is beneath a defined value.
Examples of 2 entry signals are in the attached doc-file. They are good for more than 20 and 60 pips.
Instead of the standard MACD the MACD_Colored_v104_Output_Early.mq4 was used.
The strategy should work also very well in the 4h chart.
I tried everything to find an indicator with at least the possibility of showing the slope, but without success.
Unfortunately I’m not a coder but know that we have very talented people in this forum. If someone accepts this challenge it would be of great benefit for all. At least I would greatly appreciate it.
Thanks for the help.
Antomi
