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Originally Posted by babarmughal
Hi Dave,
Once again thanks for your MACD EA....while testing this EA i have noticed one things and that is "CONFIRMEDENTRY=TRUE or FALSE"......
now if its TRUE then it means that it will place a buy order (Say the trend is UP) the moment histogram enters into +ive phase...thats good...but what if the histogram ends up in -Ive zone.....dont you think it should close that BUY order and Place a Sell order....technically if it can place buy order the moment histogram enters in BUY zone then it should place sell order aswell....RIGHT ??????CUZ in some cases...EA placed the buy order and then after few min. Histogram ends in the -IVE zone and ofcourse u will loose monery....Can you please fix this...other than that its excellent...i will post my statement hopefully nest week...
Thanks
Babar
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Hi Babar, if ConfirmedEntry = TRUE , then the EA will BUY only if the MACD histogram (+) zone on the previous bar. If ConfirmedEntry = FALSE, then EA will BUY as soon as the MACD histogram going to (+) zone on the current bar. On both case if the MACD histogram turn back to (-) zone, it will generate a close signal and open SELL trade if you turn StopAndReverse = TRUE. If you put PureSAR = TRUE , the EA will use NO SL, TP and Trailing Stop. Hope this help
