cTrader MACD Robot With Alerts

perezzz

I installed the trial version, so i can check if it's good for me.
(i already buy the full version)
And I think you're wrong with logic.
These two options I marked, are exactly the same.
Every time "MACD IS LESS THEN SIGNAL" it necessarily means "HISTOGRAM IS LESS THEN ZERO".
And the same in the opposite situation.

I was looking for a signal that would only be given while crossing the zero line, and I see that this tool does not support this (maybe because of a mistake in logic).
I think this is a very basic signal that should be in such a tool, because that is the basis of MACD.

https://clickalgo.com/macd-auto-trader-alerts

Mike

Hi, Can you tell me what you mean by "While crossing the zero line"?

perezzz

Hi, i mean the "macd" line (red), cross the middle, this is the zero line.
can you change it so it support this signal?

Mike

It already supports when the MACD line crosses the zero line, for a bullish signal it has to be greater than zero and for a bearish signal is has to be lower than zero, so if you only check this box, it will alert as soon as it crosses.

MACD is greater than zero
MACD is less than zero

perezzz

@Mike#968
You're right! This is exactly what should have been ...
The problem is that it works just the opposite:
it gives a bullish signal when it lower than zero
and a bearish signal when it greater than zero

You have a mistake in logic and it seems to me that I understood where it comes from, pay attention to the alert title in the pictures (in red and green):
BOTH BULLISH

Mike

I can confirm you are correct, there following issues will be corrected.

Settings window title for the bearish alert needs changing.
Bullish settings window, the setting MACD should be greater than zero.
Bearish settings window, the setting MACD should be less than zero.
MACD less/greater than signal is being replaced with Signal is less/greater than zero

Also, the red line is the signal line and not the MACD line, by default the blue line is the MACD line.

When the update is published I will report it here.

Mike

I managed to update this product myself, please see the new settings below.

We have published an update for the cTrader MACD Alerts cBot

You can download the latest update here.
You can download the trial version here.

james333

Thanks Mike that explains everything . Same thing just different wording.