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Example of MACD Automated - expert for MetaTrader 4

Mohammad Soubra
Published by:
Mohammed Abdulwadud Soubra
Views:
28537
Rating:
(12)
Published:
2016.12.30 14:44
Download as ZIP, How to download code from MetaEditor
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It is a MetaTrader 4 code example of MACD automated Expert Advisor, with advanced money management function and trailing stop as well.

The idea is:

  • Filter as Multi Time Frame code example (Daily and 15 minutes charts).
  • When the bigger timeframe is giving Buy (or Sell) signal/rule, then it will wait the confirmation of the lower timeframe to give the same signal/rule. Then the trade must be placed.
  • Buy Rule: When the MACD histogram is > 0 on the daily time frame AND the same on the 15 minutes time frame.
  • Sell Rule: When the MACD histogram is < 0 on the daily time frame AND the same on the 15 minutes time frame.

Recommendations:
  • Don't use it on the real account.
  • It is only for educational purposes, not for strict trading.
  • Take care!
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