Expert advisor based on doubled MACD forex indicator. One of them works as a filter, identifying the trend and making sure that expert trades on the right side of the market. Second one uses signal line to enter the trade just at the end of a correction.
Trailing stop is used, to keep the stop loss tight and protect already gained profits. Expert can be used for fast testing of many forex strategies with MACD indicator included in trading rules. This expert advisor can be adjusted also for scalping.
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.
MACD (moving average convergence divergence) Slow calculation period is used to calculate MACD histogram. Signal line is omitted. Faster MACD together with signal line is used to find entry.
Sell: Histogram closing above zero. Signal line closing above histogram line.
Buy: Histogram closing below zero. Signal line closing below histogram line.
Trailing stop: Stop loss is trailed behind the low/high of last closed candle. It is possible to adjust additional distance to the trailed stop.
Notes to input:
Take profit points : Take profit for orders
Stop loss points : Stop Loss for orders
Lotsper1000: When automatic money managem
Lotsper1000. Position size used for 1000 USD of equity.
UseMM: True setting will ulock automatic money management.
Lots: Position size: Manual setting when UseMM is disabled
alpha MACD slow EMA: Calculation period for slower of the two EMA creating MACD histogram. Trend filter
alpha MACD fast EMA: Calculation period for faster of the two EMA creating MACD histogram. Trend filter.
signal MACD slow EMA: Calculation period for slower of the two EMA creating MACD histogram. Signal.
signal MACD fast EMA: Calculation period for faster of the two EMA creating MACD histogram. Signal.
signal MACD signal line: Calculation period for MACD signal line.
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.
Disclaimer: 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.