Metatrader MACD EA is an expert advisor that can trade with the trend defined by the MACD indicator and also trade based on the Moving Average Convergence Divergence by using Stochastic to confirm the best entries. The Stochastis MACD expert advisor ideology is meant for the traders that are familiar and use the moving average convergence divergence (MACD) indicator in their trading decisions. The MACD EA is easy to set up and use, as it can be seen from its settings down below.
To make sure the MACD expert advisor trades in the right direction (trade with the trend) the trader can choose to follow the trend given by the same MACD settings used to enter/exit the trades. The trader can choose any other values depending on the traded pair. The trading signals are given by the MACD crossover between the signal and the main line.
Following the MACD trend, the EA sells when the MACD main line drops below the signal line and it buys when the main crosses the signal, upwards. The stop-loss and the take-profit are set immediately after the trade is opened, making this expert advisor compatible with the ECN brokers.
The trader has also the option to use the Stochastic indicator to confirm the entries and/or the exits. In the chart above, using the default settings settings, the MACD EA opened three trades (maximum allowed) in uptrend, the MACD raised above the signal line and the Stochastic was oversold, then closed two at take profit and one by trailing stop.
To better manage the trades, the EA can limit the number of the total opened trades and it can also close the opened trades at opposite signals.
|MACD EA EA Rating||7.31|
|Yield per annum||19%|
|Max drawdown per annum||%|
|Class||middle term, short term|
|Lot size||not less than 5000 units per 0.1 of a standard lot|
|Recommended brokers||FXTM, OctaFX, XM|
|Trading tool/currency pairs||EURUSD, USDJPY, USDCAD, AUDUSD, NZDUSD, EURGBP|
|Automatic account type|
|Max risk limitation|
|Several one-way series|
|Auto start lot|
|Fixed stop loss|
|Automatic lapse expansions|
|4||Tickeron AI robot||117%|
|6||Auto Recovery EA||37%|
|14||1000pip Climber System||77.3%|
|15||Happy Breakout EA||8.5%|
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|3||MetaTrader 4 Trading Platform|
|4||cTrader Trading Platform|
|6||MetaTrader 5 Mobile Trading Platform|
|7||MetaTrader 4 Mobile Trading Platform|
|9||ZuluTrade Trading Platform|
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