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PZ MACD Trader EA

4.2

This EA is a flexible and powerful metatrader expert advisor that trades using the MACD indicator and implements many useful features. It can trade using the MACD indicator alone, or donchian breakouts confirmed by the MACD indicator from any timeframe. Additionally, it offers a martingale feature and forex session filters. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ]

  • Easy to use and supervise
  • Fully configurable settings
  • Customizable break-even, SL, TP and trailing-stop settings
  • Works for ECN/Non-ECN brokers
  • Works for 2-3-4-5 digit symbols
  • Implements a martingale feature
  • Filter trading by forex sessions
  • Built-in money management

The EA implements two different entry strategies:

  • Trade MACD naked signals
  • Trade breakouts confirmed by MACD readings from any timeframe of your choosing

Also, the EA implements four different behaviors:

  • Regular: Buy on bullish signals and sell on bearish signals
  • Inverse: Sell on bullish signals and buy on signals crossovers
  • Only buy: Buy on bullish signals and disregard bearish signals
  • Only sell: Sell on bearish signals and disregard bullish signals

Lastly, the EA implements four different money management modes:

  • Trade manual lotsize: The EA will trade a fixed lotsize on each trade
  • Auto-calculation of lotsizes: The EA will risk % of the account on each trade
  • Martingale: The EA will double the lotsize after a losing trade
  • Inverse Martingale: The EA will double the lotsize after a winning trade

Input Parameters

When loading the expert to any chart, you will be presented with a set of options as input parameters. Don't despair if you think they are too many, because parameters are grouped into self-explanatory blocks. Each functional parameter is explained below.

    • MACD Settings - Enter the fast ema, slow ema and signal sma for the MACD indicator. You can also choose the timeframe upon which the MACD is loaded, which is especially useful if your intention is to trade breakouts. This allows you for instance to trade H1 breakouts confirmed by the D1 MACD Indicator, or any other timeframe of your choosing.
    • Session Settings - Enable or disable trading for the Assian, European or American sessions.
    • Trading Settings - This block decides how the EA trades. You can decide trading direction and type of entry. If you choose the strict mode, the EA will enter trades only using MACD signals. If you choose the breakouts mode, the EA will trade donchian breakouts filtered by the MACD indicator. The breakout period is also customizable.
    • Position Management - This group of settings applies to trading decisions and trade management. You can select trading direction, break-even in pips, trailing-stop in %, trailing-step in pips, stop-loss in pip and take-profit in pips. Optionally, trades can be closed on opposite MACD signals.
    • Money Management - In this settings block you can set the lotsize for the first trade, or allow the EA to calculate it by itself. It also implements a martingale behavior. Entering a manual lot size is recommended.
    • EA Settings - You can select the magic number for the trades, custom comment and manual pip value if you need to override the one the default one. Do not change these unless you know what you are doing.

    What to expect

    This EA is a general purpose tool which success depends on your understanding of the underlying strategy and your ability to configure it. This EA will not generate profits under all market conditions and does not claim to do so. It is up to you to find the best parameters for each symbol and timeframe using the strategy tester.

      Support

      I am happy to provide free products but given my limited time, they come without support of any kind. My apologies.

          Author

          Arturo Lopez Perez, private investor and speculator, software engineer and founder of Point Zero Trading Solutions.

          리뷰 13
          Albalalush
          36
          Albalalush 2021.07.07 17:28 
           

          So far, so good. Easy setup and so far positive results.

          punc369
          34
          punc369 2021.06.18 11:39 
           

          Yes, very useful EA. Appreciate your effort and kindness .Thank you very much !

          Fernando Alonso
          903
          Fernando Alonso 2021.03.07 21:06 
           

          Godd

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          Diamond Titan FX MT4
          Lo Thi Mai Loan
          5 (1)
          런칭 프로모션: 30% 할인! 현재 가격으로 구입할 수 있는 판매가 3개만 남았습니다. 다음 가격: $1033 무료로 US30 Scalper EA와 Quantum Algo EA를 받으세요 -> 구매 후 저에게 연락하세요 Live signal:  https://www.mql5.com/en/signals/2220190?source=Site+Profile+Seller Prop Signal:  https://www.mql5.com/en/signals/2223219?source=Site+Signals+Profile+From+Author MT5:  https://www.mql5.com/en/market/product/116010?source=Site+Market+Product+Page Prop Challenge 트레이드 히스토리:   https://www.mql5.com/en/blogs/post/757093 자주 묻는 질문:   https://www.mql5.com/en/blogs/post/
          제작자의 제품 더 보기
          Wolfe Waves are naturally occurring trading patterns present in all financial markets and represent a fight towards an equilibrium price. These patterns can develop over short and long-term time frames and are one of the most reliable predictive reversal patterns in existence, normally preceding strong and long price movements. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Clear trading signals Amazingly easy to trade Customizable colors and sizes Implements perfo
          PZ Harmonacci Patterns MT5
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          3.25 (4)
          This is arguably the most complete harmonic price formation auto-recognition indicator you can find for the MetaTrader Platform. It detects 19 different patterns, takes fibonacci projections as seriously as you do, displays the Potential Reversal Zone (PRZ) and finds suitable stop-loss and take-profit levels. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] It detects 19 different harmonic price formations It plots primary, derived and complementary Fibonacci p
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          PZ Reversal Fractals MT5
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          This is the latest iteration of my famous indicator, Reversal Fractals, published for the first time almost a decade ago. It examines the price structure of fractals to determine possible reversal points in the market, providing timing to positional traders that already have a fundamental or technical valuation model. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Reversal fractals can start long trends The indicator is non repainting It implements alerts of all k
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          PZ Goldfinch Scalper EA MT5
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          This is the latest iteration of my famous scalper, Goldfinch EA, published for the first time almost a decade ago. It scalps the market on sudden volatility expansions that take place in short periods of time: it assumes and tries to capitalize of inertia in price movement after a sudden price acceleration. This new version has been simplified to allow the trader use the optimization feature of the tester easily to find the best trading parameters. [ Installation Guide | Update Guide | Troublesh
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          PZ Swing Trading MT5
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          PZ Goldfinch Scalper EA
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          PZ Day Trading
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          This indicator detects price reversals in a zig-zag fashion, using only price action analysis and a donchian channel. It has been specifically designed for short-term trading, without repainting or backpainting at all. It is a fantastic tool for shrewd traders aiming to increase the timing of their operations. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Amazingly easy to trade It provides value on every timeframe It provides suitable SL and TP levels It impl
          This expert advisor implements the original Dennis and Eckhardt trading system, commonly known as The Turtle Trader. It trades exactly like the original turtles did, and can be used by experienced traders to capture trends in up or down markets. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Easy to use and supervise Fully configurable strategy settings Fully configurable trading settings Works for ECN/Non-ECN brokers and 2-3-4-5 digit symbols Works for CFDs and for
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          PZ Pivot Points MT5
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          PZ Trendlines MT5
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          PZ TRADING SLU
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          PZ TRADING SLU
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          PZ TRADING SLU
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          PZ Turtle Trading MT5
          PZ TRADING SLU
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          The Turtle Trading Indicator implements the original Dennis Richards and Bill Eckhart trading system, commonly known as The Turtle Trader. This trend following system relies on breakouts of historical highs and lows to take and close trades: it is the complete opposite to the "buy low and sell high" approach. The main rule is "Trade an N-day breakout and take profits when an M-day high or low is breached (N must me above M)".  [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Pr
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          Tired of plotting support and resistance lines? This is a multi-timeframe indicator that detects and plots supports and resistance lines in the chart with the same precision as a human eye would. As price levels are tested over time and its importance increases, the lines become thicker and darker, making price leves easy to glance and evaluate. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Boost your technical analysis Customizable timeframe selection Read pri
          PZ Three Drives
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          This indicator finds Three Drives patterns. The Three Drives pattern is a 6-point reversal pattern characterised by a series of higher highs or lower lows that complete at a 127% or 161.8% Fibonacci extension. It signals that the market is exhausted and a reversal can happen. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Customizable pattern sizes Customizable colors and sizes Customizable breakout periods Customizable 1-2-3 and 0-A-B ratios It implements visua
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          PZ Trendlines
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          PZ Binary Options
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          4 (2)
          This indicator analyzes price action patterns and helps you to make positive equity decisions in the binary options market. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Easy to trade Trade both call and put options No crystal ball and no predictions The indicator is non-repainting The only strategy suitable for binary options is applying a mathematical approach, like professional gamblers do. It is based on the following principles: Every binary option represents
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          PZ Sandwich Bars MT5
          PZ TRADING SLU
          5 (2)
          This indicator detects Sandwich Bars of several ranges, an extremely reliable breakout pattern. A sandwich setup consists on a single bar that engulfs several past bars, breaking and rejecting the complete price range. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Easy and effective usage Customizable bar ranges Customizable color selections The indicator implements visual/mail/push/sound alerts The indicator does not repaint or backpaint The indicator could not b
          FREE
          This indicator tracks the market trend with an unmatched reliability, by ignoring sudden fluctuations and market noise. It has been designed to trend-trade intraday charts and small timeframes. Its winning ratio is around 85%. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Amazingly easy to trade Find oversold/overbought situations Enjoy noise-free trading at all times Avoid being whipsawed in intraday charts The indicator analyzes its own quality and performance It
          PZ Day Trading MT5
          PZ TRADING SLU
          2.83 (6)
          This indicator detects price reversals in a zig-zag fashion, using only price action analysis and a donchian channel. It has been specifically designed for short-term trading, without repainting or backpainting at all. It is a fantastic tool for shrewd traders aiming to increase the timing of their operations. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Amazingly easy to trade It provides value on every timeframe It displays suitable SL and TP levels It impl
          PZ Turtle Trading EA MT5
          PZ TRADING SLU
          2 (4)
          This expert advisor implements the original Dennis and Eckhardt trading system, commonly known as The Turtle Trader. It trades exactly like the original turtles did, and can be used by experienced traders to capture trends in up or down markets. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Easy to use and supervise Fully configurable strategy settings Fully configurable trading settings Works for ECN/Non-ECN brokers and 2-3-4-5 digit symbols Works for CFDs and for
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          PZ TRADING SLU
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          Trend Trading is an indicator designed to profit as much as possible from trends taking place in the market, by timing pullbacks and breakouts. It finds trading opportunities by analyzing what the price is doing during established trends. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Trade financial markets with confidence and efficiency Profit from established trends without getting whipsawed Recognize profitable pullbacks, breakouts and early reversals The ind
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          PZ Market Profile
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          PZ Pivot Points
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          4.64 (14)
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          PZ Lopez Flow MT5
          PZ TRADING SLU
          4.5 (4)
          This indicator studies price action as an aggregation of price and time vectors, and uses the average vector to determine the direction and strength of the market. This indicator highlights the short-term directionality and strength of the market, and can be used to capitalize from short-term price movements by trading breakouts or binary options.  [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Find market direction easily Confirm with breakouts or other indicators
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          PZ Turtle Trading
          PZ TRADING SLU
          3.77 (13)
          The Turtle Trading Indicator implements the original Dennis Richards and Bill Eckhart trading system, commonly known as The Turtle Trader. This trend following system relies on breakouts of historical highs and lows to take and close trades: it is the complete opposite to the "buy low and sell high" approach. The main rule is "Trade an N-day breakout and take profits when an M-day high or low is breached (N must me above M)". [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Prod
          FREE
          필터:
          agrushev777
          2328
          agrushev777 2024.02.19 19:24 
           

          사용자가 평가에 대한 코멘트를 남기지 않았습니다

          jamfrix
          100
          jamfrix 2023.09.11 21:13 
           

          hola,¿ que quiere decir con " trailing-stop en % " ?

          Albalalush
          36
          Albalalush 2021.07.07 17:28 
           

          So far, so good. Easy setup and so far positive results.

          punc369
          34
          punc369 2021.06.18 11:39 
           

          Yes, very useful EA. Appreciate your effort and kindness .Thank you very much !

          太郎 川戸
          18
          太郎 川戸 2021.05.04 11:29 
           

          消した

          adnanadnan
          824
          adnanadnan 2021.04.10 14:14 
           

          deleted

          Fernando Alonso
          903
          Fernando Alonso 2021.03.07 21:06 
           

          Godd

          David Nunn
          583
          David Nunn 2021.02.24 20:33 
           

          I'm a bit confused by the choices of strategy. What is meant by "Trade MACD naked signals"? Does that mean when the signal crosses the histogram or when the signal (or histogram) crosses the zero line? It would be nice if both were possible although I'd prefer a signal/histogram cross. A grid option would be nice addition too! Thanks Arturo and keep up the good work!

          Wichai Chomvijit
          1108
          Wichai Chomvijit 2020.12.11 15:54 
           

          Good EA.

          Fernando F. Souto
          524
          Fernando F. Souto 2020.05.31 06:02 
           

          사용자가 평가에 대한 코멘트를 남기지 않았습니다

          testerazer
          37
          testerazer 2019.11.05 16:49 
           

          great EA) it is intresting to trade different pairs at the same time and see results

          IAPERI FONSECA DE MOURA
          158
          IAPERI FONSECA DE MOURA 2019.09.26 23:14 
           

          testando e assim que instalei já começou a trabalhar, muio bom pois os outros esperavam demorando muito, parabéns, esta funcionando bem em euro/usd no tempo M15 ,se continuar bom aumento as estrelas!

          pnutfx503
          1525
          pnutfx503 2018.11.06 07:19 
           

          No problem loading for me. Setup is easy that's why i'm giving 5 stars. If you know what you want to do with MACD and are NOT expecting the default setting to work which they might but there are better ways to trade MACD and that's the reason for all the option's.

          리뷰 답변
          버전 4.0 2019.01.29
          - Martingale and inverse martingale mode