The MACD Signal Line Metatrader 4 Forex Robot is an expert advisor that trades the crossing signal strategy of the Moving Average Convergence Divergence.
Entry and exit points are determined only if there is a cross of the main and signal line of the MACD.
The forex robot also deploys a spread and slippage limitation, it’s a feature that allows for adequate position management.
The display of a yellow trading criteria on the upper right side of the chart window offers further information on the wellbeing of existing/inbound trades.
Use the MACD Signal Line expert advisor to initiate buy/sell trading signals with the possibility to limit the maximum risk (in percentage of deposit) of the position.
Lastly, the EA can be used for intraday and swing trading.
Strategy Tester Report
Find below the MACD Signal Line forex robot strategy tester report for the EUR/USD forex pair on the Daily chart.
The EA made a total profit of $3065.52 from a total of 92 trades. The largest winning trade generated $435.11 in profits while the largest losing trade generated a loss of-$316.51.
Bars in test: 3115 ticks modelled
Initial deposit: $10000.00
Total net profit: $3065.52
Total trades: 92
Largest profit trade: $435.11
Largest loss trade: -$316.51
Consecutive wins: 3
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, TakeProfit, FastMA, SlowMA, Distance
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Copy and paste the Trading Criteria.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)