Reverse MACD Strategy MT5
Buy signal

Sell signal


Buy signal:
       1. Price is below EMA
       2. MACD line crosses below signal line
       3. MACD lines are above 0 line of the histogram

Sell signal:
1. Price is above EMA
2. MACD line crosses above signal line
3. MACD lines are below 0 line of histogram

Stop loss/Risk – At last swing high/low (MUST place SL)
Take profit – 1.5 x Risk
Option to activate trailing stop: If TP (1.5 x Risk) is hit:
1. Close a percentage of trade
2. Move SL to Break even
3. Trail SL by 0.5 x Risk
I would like to trade this on all 28 Forex pairs.
Would like to use a single chart setup if possible.
Will need to have a Risk management so that the account doesn’t go into more than 5% drawdown in a day. FTMO rules.
If equity goes to 5% drawdown, all trades needs to be closed, alert sent to mobile, and I need to restart the EA myself.
Risk – Need to select between Percentage of Equity and fixed dollar amounts.
It needs a spread filter
It needs a No Trading time filter (Don’t want to trade the start of Asian Session)
It needs to close all Positive trades on Friday 5minutes before market close.