Macd Pattern Traderv PatternA
Macd Pattern Traderv PatternA is an expert advisor (trading robot) for MetaTrader 4 from the Old Kings collection. As the name suggests, the idea behind it is MACD (moving average convergence / divergence) and candlestick patterns. Its source code uses MACD and moving averages. It has 14 settings, for example stoplossbars (default 6), takeprofitbars (default 20) and stoploss deviation (default 10). Run it in the Strategy Tester and then on a demo account to see how it opens and closes trades. Inside: 1 EA file with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Expert advisor · MT4 · v1.0 · Free
About Macd Pattern Traderv PatternA
Macd Pattern Traderv PatternA is an expert advisor (trading robot) for MetaTrader 4 based on MACD and Moving Average. It has 14 settings, such as Stoplossbars, Takeprofitbars and Stoploss deviation. MQL source code included.
Files in the download: MacdPatternTraderv_patternA.mq4.
Trading robots can lose money. Check every setting and test on a demo account before using real funds.
Settings
| Setting | Default | What it does |
|---|---|---|
| Stoplossbars | 6 | count bars for find minimum/maximum for enter stoploss |
| Takeprofitbars | 20 | Take profit distance |
| Stoploss deviation | 10 | Stop loss distance |
| Lowema | 5 | |
| Fastema | 13 | |
| Maxur | 0.0045 | |
| Minur | -0.0045 | |
| Maxbar a bpoint | 1 | |
| X | MA: | |
| Perema1 | 7 | |
| Perema2 | 21 | |
| Persma3 | 98 | |
| Perema4 | 365 | |
| Lots | 1 | Trade size in lots |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Experts.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the expert advisor from the Navigator onto a chart, check the settings, allow Algo/Auto Trading and press OK.
- Test it first on a demo account or in the Strategy Tester.
Tags: MACD · Moving Average · MT4 Expert Advisor · MQL4 Source Code