The Macd Power MT4 forex robot is an expert advisor that uses two MACD indicators to execute profitable buy and sell trading positions on autopilot.
One of the main ideas behind the Macd Power automated trading robot is the deployment of its extremely high 400 pips stop loss value.
It is a known fact that the robots’ stop orders are structured and designed in line with the “MACD,” “ATR,” and “Bollinger Bands,” indicators.
We should also take note of the fact that the Macd Power robot runs smoothly on the 4-Hour and 1-Day time frames on major forex pairs i.e. GBP/USD, EUR/USD, USD/JPY, etc. as well as on stocks listed on NASDAQ.
Play around with the Macd Power EA’s input values as much as you can.
There are some other critical system functions found on the Macd Power robot like the “when to move break even” which serves like a stop loss.
Strategy Tester Report
Find below the Macd Power forex robot strategy tester report for the EUR/USD forex pair on the daily chart.
The EA made a total profit of $384.12 from a total of 349 trades. The largest winning trade generated $25.25 in profits, while the largest losing trade generated a loss of-$40.00.
Bars in test: 2048 ticks modelled
Initial deposit: $10000.00
Total net profit: $384.12
Total trades: 349
Largest profit trade: $25.25
Largest loss trade: -$40.00
Consecutive wins: 2
Consecutive losses: 2
MT4 Forex Robot Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Expert advisor
Input Parameters: Enable “no loss,” When to move break even, How much pips to move sl, Lots size, MaximumRisk, DecreaseFactor, TrailingStop, Stop Loss, MagicNumber…
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 Power .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)