MACD Reverse EA is modified from default programs MACD Sample.mq4 and Moving Average.mq4. The idea is when MACD Sample shows a buying (selling) signal, MACD Reverse do sell (buy).
With parameters enhanced from 12,26,9 to 5,20,3, very fits weekly trading period, and takes advantages from lots optimization of Moving Average.mq4, and made some code changes of MACD Sample.mq4, such as take profit point, and if-statements.
But there is no stop loss function placed on original MACD Sample.mq4, so a user may face a huge drawdown.
- No limit of currency pairs, so a user may run from EURUSD to NZDJPY
- No limit of time period, so a user can test EA on different time frames.
- Open parameter of TakePofit points.
- Open parameter of TrailingStop points.
- If AutoTrading is disabled, the EA will show a void buy or sell signal on screen.
2. Adjusted text layout
3. Added sound alert
4. Removed TrailStop (no more Strategy Tester order modify fail)