This is an automated strategy for NT8 which Chad Nash developed for me(//www.nashtech.xyz/) for $200. It's primarily a scalping tool using a simple MACD cross. There are two additional indicators which are optional: a simple EMA and StepMAV71Sharky which was freely available.
The logic for this strategy came from an indicator posted by PhantomTrader. You can find the original post @
It includes a profit target and stop loss. You can also test time of day and has an alert.
You can select to trade long, short or both. This strategy also allows to have orders placed on bid price.
As far as the other features included:
Exit after X number of bars When this is enabled it will automatically exit after a certain number of bars if the trade is still live
Set SL to break even after X number of bars. When this is enabled, after a certain number of bars it will automatically adjust your stop loss to break even.
Take profit N Bars Up/Down This can be useful to take profits a bit early for some setups Basically if this is set to 7 and there are 7 consistent green bars in your direction (if you were in a long trade), it would automatically close the position. This can often help as often with a solid run such as 7-10 candles in the same direction there is likely a reversal coming up and this can help capture maximum profits.
Bars Required before Re-Entry This is important for some setups (and at least set to 1 if you are using OnPriceChange or OnEachTick!). Basically when you exit a position, this ways X number of bars before it would attempt to enter a new position. This can also help avoid entries in very choppy markets or certain setups that might want to enter again because of conditions and you would prefer to wait a certain number of bars before entering again.
Experiment and have fun. Please Sim trade before going live. Share any tips to improve the strategy.