Check EA from post #15 of this thread.

Hi my first post did not describe the sytem properly - I got it back to front !

Please see below what I meant to say - sorry for my stupid mistake.

Hi I am new here. I have been working on a system that sounds crazy but it does seem to work. Can anyone make an EA so that I can test the system and improve it with the help of people on this forum.

I will give the basics of the system here and if I get some positive help I will then publish the "finishing touches" to the system.

Here are the steps.

Buy Trades

1. I am working on daily charts for GBP USD but it seems to work for all pairs on all time frames.
2. If MACD is above zero on the bar that has just closed then place a buy order for the price of the low on the previous bar. The take profit level is 100 pips.

3. At the close of the present bar check to see if any of our open positions are in profit. Close all current trades that are in profit.

4. We need an equity out option. This will have to be alterable according to the pair that we trade and the time frame. We will pretend that it is 500 pips. So at any time intra bar that we have an aggregate profit on open trades of 500 pips then all open trades are closed instantly at market price. This means that we would closing some winning trades and some losers. The aim is take profits regularly and try to avoid too many big losers.

5. If we have just exercised the equity out option the system should then close all pending trades.

Sell Trades

1. I am working on daily charts for GBP USD but it seems to work for all pairs on all time frames.
2. If MACD is BELOW zero on the bar that has just closed then place a sell order for the price of the high on the previous bar. The take profit level is 100 pips.

3. At the close of the present bar check to see if any of our open positions are in profit. Close all current trades that are in profit.

4. We need an equity out option. This will have to be alterable according to the pair that we trade and the time frame. We will pretend that it is 500 pips. So at any time intra bar that we have a profit on open trades of 500 pips then all open trades are closed instantly at market price.

5. If we have just exercised the equity out option the system should then close all pending trades.

I know it seems very simple and a bit reckless but I would invite you too look at a few daily charts.

The system will make a few very poor trades but hopefully some of the exit stategies listed above should get us out of the market with our account in tact.

As I said I need an EA so that I can properly test and develop the system.

I hope that you can help.

can anybody write an EA which works on MACD-LINE signals?

I appreciate his or her help

Attached Images

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