How to trade profitably and make money from forex trading?

Name: MACD EA
Rating: 5 (1 reviews)
Author: RobotFX

Download the MACD EA for MetaTrader for free and develop a good profitable trading strategy.

MACD EA

MetaTrader MACD EA

The RobotFX 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 below.

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MACD Settings - sets the MACD settings, the fast and slow moving averages and the signal MA
UseMACDTrend - if set to true the EA will consider buying/selling only when the MACD is above/below the 0 level

The same MACD settings are used for the trend detector and for the entries/exits.

STOCH Settings - sets the Stochastic settings used for entry/exit confirmation, if used (below)
UseStochConfirmation - if set to true the EA will consider buying/selling only if the Stochastic is oversold/overbought
Trading Settings - using this settings the trader has the option to set the lotsize of the trades, the stoploss and the takeprofit as well as the trailing stop (breakeven) and the trailing step
CloseAtOppositeSignal - if set to true the EA will close the opened trades when an opposite trading signal appears, according to the EA’s settings (MACD crossover, Stochastic cross etc). In other words, if there’s an opened buy and a sell signal occurs, the EA will close the opened buy trade
ReversedSignal - instructs the EA to open long trades when short (sell) signal occur, and vice-versa
EA Settings - using this settings the trader can choose the maximum number of trades allowed to be opened by the expert advisor, the slippage and the magic number, in case there’s another EA used to manage the trades opened by this expert advisor

To make sure the expert advisor trades in the right direction (ie 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 based on the intersection of the MACD’s signal line and the main line.
Following the trend, the EA sells when the MACD main line drops below the signal line and it buys when the main crosses the signal, up. 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 example below, using the default settings settings, the MACD EA opened three trades (maximum allowed) when the trend was up, the MACD raised above the signal line and the Stochastic was oversold, and managed to close one by trailing stop and the other two at take profit.

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.

Watch how RobotFX MACD works

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