cTrader MACD with Alerts

Stevve

Hi
Don’t understand ???
in the video tutorial the alert and open auto trade
Has a check box that says “greater then the signal line”

But when I download the software
It has a box that says “greater then the zero line”???

Sophia

Hi, Steve, it looks like the video is outdated and wrong, a description of how the product works is correct on the product page, use this as a guide.

The signal is above or below the zero lines.
MACD is rising or falling
MACD is above or below the zero line
The histogram is above or below the zero line, this is the same as a Histogram that is less than or greater than zero.

Every time "MACD IS LESS THEN SIGNAL" it necessarily means "HISTOGRAM IS LESS THAN ZERO" and visa versa.

Stevve

I want it to open a trade when it crossover the signal line and are under the zero line
Nothing else

Sophia

Can you provide the signals you need for a bullish and bearish alert or trade open, include the signal names that are available in the cbot only.

Your options are

Signal
Macd
Histogram

Stevve

Bull boxes has:
Signal is greater then zero
MACD i rising
MACD is grater then zero
Histogram is greater then zero

Bear has:
Signal is less then zero
MACD is falling
MACD IS is less then zero
Histogram is then zero

So which boxes should I use if I want it to work like I explained? Buy when MACD cross signal and are below zero, and the other way around in bearish.

Who is the author to this boxes? Confusing for me

Mike

This is not possible with the product, you would need a custom indicator or cBot built to do this.

Stevve

Ok, thanks