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REGISTER PARTICIPANTS Expert Signals 3 Macd Mt4

Discussion in 'Forex Market MQL5' started by Emma McNeill, Oct 3, 2020.

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  1. Emma McNeill

    Emma McNeill Moderator
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    #signals3macd

    signals-3-macd-logo-200x200-3962.png

    The trading system is based on crossing 3 signal lines (with different parameters) of the MACD indicator. When all the lines are increasing, a buy order is opened (the opposite - sell order). The CCI indicator is required to avoid buying at the highest price but to but when the price decreases a bit, but there is still an uptrend. Also, the Stochastic and ATR serve as additional filters.

    The EA s easy to set up, but at the same time it shows good results on the short-term 5-minute timeframe. It can be used on the M1 timeframe as well, if the spread is very low. Recommended currency pairs: EUR/USD, GBP/USD, USD/CAD, USD/JPY, EUR/GBP. This is a trend system, it is recommended to use it during the periods of high market volatility (daytime) - time limitations for trading can be adjusted.

    The EA does not use risky trading strategies, it always sets stop loss which it can later transfer to a small profit.

    Input Parameters
    • Lots - lot size (if Lots=0, then the lot will be calculated based on the percentage of account free margin);
    • Percentage of free money - the percentage of free margin to open each new trade, recommended values are from 1 to 10;
    • MaxSpread - the maximum spread for opening trades (on the accounts with floating spread, for the trade to open when the spread is not too large);
    • Magic - unique Identifier (it must be different for each instance of the EA in the terminal);
    • MaxStopLoss - the order closing price when the loss level is reached;
    • MinTakeProfit - the minimum order closing price, after which the order can be closed by a signal to exit the trade;
    • MaxTakeProfit - the maximum order closing price;
    • PeriodMA - Moving Average indicator period;
    • PeriodCCI - Commodity Channel Index indicator period;
    • LevelsCCI - the levels of the Commodity Channel Index indicator;
    • PeriodStochastic - the period of the Stochastic indicator;
    • SlowingStochastic - the slowing of the Stochastic indicator;
    • LevelsStochastic - the levels of the Stochastic indicator;
    • PeriodATR - the period of the Average True Range indicator;
    • MinLevelATR - the minimum level of the Average True Range indicator;
    • Trading start hour - trading start hour;
    • Trading end hour - trading end hour;
    • ShowInfo - show information (slows testing if enabled).

    signals-3-macd-screen-3584.png signals-3-macd-screen-1687.png signals-3-macd-screen-6891.png signals-3-macd-screen-6500.jpg signals-3-macd-screen-8008.jpg

     

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