Supports and Macd

support_and_macd is an Expert Advisor for MetaTrader 5 that trades EURUSD and USDJPY. Every trade has a stop loss, a take profit, break-even and a trailing stop.

HOW IT TRADES

EURUSD: on 2-hour candles it buys dips inside a clear daily uptrend and sells rallies inside a clear daily downtrend.

USDJPY: buys only, on 5-minute candles, and stays out when daily volatility is too high or the market has already risen too far.

Stop loss and take profit adapt to the daily ATR. One position per pair (Netting account). No new trades from 22:00 to 01:00 server time, when spreads widen.

START IN 3 STEPS

1. Attach the EA to an EURUSD M5 chart and enable Algo Trading.

2. In Inputs choose the language, the lot mode and the budget.

3. Press OK. The panel appears on the chart.

MAIN INPUTS

Language: English, Italian, Spanish, French, German or Portuguese (also selectable on the chart panel).

Lot mode: 1 Fixed lot (default), 2 Automatic with prudent cap, 3 Automatic with medium cap, 4 Automatic with no cap.

Budget in EUR: default 500. Lot sizes scale with the budget (1,000 EUR = double lots).

All other settings are already set and normally stay unchanged.

CHART PANEL

Shows total profit, budget, lot mode and current lot, trades closed at take profit, stop loss and break-even, winning trades, profit factor, today / week / month results, open trades and drawdown.

RECOMMENDED USE

Pairs: EURUSD and USDJPY. Timeframe: M5. Account: MetaTrader 5 Netting, EUR, with the broker's exact symbol names in the "Pairs list" input.

FULL SETTINGS TABLES

If you want the tables with all the settings, ask me in a private message and I will send them to you.