The MACD Not So Simple Metatrader 4 Forex robot is a flexible and powerful algorithmic trader that is based on the MACD indicator.
The set of logic that defines the forex robot is based on the convergence/divergence of moving averages of unequal periods.
The MACD Not So Simple forex robot has a chain of various input parameters whose values can be manipulated to yield better trading results.
On the face of it, the EA is compatible with ECN and non-ECN brokers.
The trading algorithm takes advantage of the MACD blue line’s cross above the zero line to trigger a buy, and a sell trigger when the MACD blue line crosses below the zero line.
Download the “MACD_Not_So_Sample.mq4” MT4 robot
Strategy Tester Report
Find below the MACD Not So Simple robot strategy tester report for the EUR/USD forex pair on the 4-Hour chart.
The EA made a total profit of $3016.26 from a total of 107 trades. The largest winning trade generated $180.85 in profits while no loss was being reported during the test period.
Bars in test: 3787 ticks modelled
Initial deposit: $10000.00
Total net profit: $3016.26
Total trades: 107
Largest profit trade: $180.85
Largest loss trade: -$0.00
Consecutive wins: 107
Consecutive losses: 0
Download the “MACD_Not_So_Sample.ex4” Metatrader 4 robot
MT4 Forex Robot Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Expert advisor
Input Parameters: fast, slow, sign, TrailingStop, MATrendPeriod, MACDOpenLevel, MACDCloseLevel, TakeProfit, UseMM, PercentMM, Lots
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Copy and paste the MACD_Not_So_Sample.mq4 into the MQL4 Experts folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Experts (paste here)