MACD Candle tip FOREX expert advisor

This expert used two MACD with different calculation period to properly identify existing major trend. Following entry is calculated based on RSI. Expert advisor takes advantage of universal trailing stop that is being adjusted after each candle close.

Used indicators:

MACD (520,240 and 100,50). Two indicators with different period will identify tend. Slower one identifies major trend on our timefrmae while faster helps us to avoid entering trend before its reversal, as it reacts faster to any change of momentum. This expert uses only histogram of MACD.

 

For the best results, trade with professional ECN/STP broker with MT4. If you can't trade with profit. Automatically copy the traders that are already profitable.

 

RSI: Short trades are entered at the 70 line while long at 30 line. always in the direction of trend.

 

Trailing stop. Is placed behind every closed candle high for short positions, and low for long positions. It is possible to adjust distance between candle low/high and trailed stop.

All parameters can be adjusted to better suit different currency pairs and timeframes as it was designed for 1 h chart.

 

 Test results: EURUSD 1H from 01.01.2013 to 01.01.2016. 

 

 

Notes to inputs

  • Take profit points: Take profit for orders

  • Candle points: Minimum size of signal candle

  • Stop loss points: Stop Loss for orders

  • beta MACD fast EMA 2: secondary MACD fast period calculation

  • beta MACD slow EMA 2:secondary MACD slow period calculation

  • alpha MACD fast EMA : primary MACD fast period calculation

  • alpha MACD slow EMA: primary MACD slow period calculation

  • rsi signalperiod: Calculation period for RSI indicator - signal

  • extra deviation: reserve between last candle low/high ans trailing stop placement

  • Lotsper1000. Position size used for 1000 USD of equity.

  • RSI signal period: Calculation period of signal RSI forex indicator.

  • UseMM: True setting will ulock automatic money management.

  • Lots: Position size - manual setting when UseMM is disabled

We recommend you to use this forex strategy with one of our trusted forex brokers (STP/ECN with MT4 bridge).

To win you must trade with broker on your side.

Dislaimer:  Expert advisor was tested for profitability on historical data. All screen shots provided are displaying real results of the test. However past data will never guarantee future success. Every expert advisor needs to be tested properly on demo account. LIVE use only on your own risk. Read full disclaimer.

TheForexKings Team does not give any financial advice. TheForexKings does not take any responsibility for any user’s investments and investment decisions. All rights reserved. Strictly for personal use. 

 

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“Trading FOREX since 2006. Full time trader and web developer since 2013. My two biggest hobbies are trading and web development. In TheForexKings I managed to connect both of them. Even after 12 years of trading I still have the same passion for the market as at the beginning. The aspect I enjoy the most : development and testing of new ideas.” 

 

Only in 2016 - 2017 we have created more than 400 forex strategies. During this period we have also developed and published +200 MT4 Expert advisors based on those strategies. We are dedicated to provide you with viable and complete trading systems that have thrived in extensive historical testing. We want to give you complete and transparent trading solutions, that once mastered ,will set you financially free. We want to give you a fighting and winning chance in the market. ” 

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