Pauls MACD EA Checks Re Entry And High TF
Pauls MACD EA Checks Re Entry And High TF is an expert advisor (trading robot) for MetaTrader 4 from the Old Kings collection. Judging by its name, it is built around MACD (moving average convergence / divergence). Its source code uses MACD. It raises the lot size after losses (martingale — high risk). It has 22 settings, for example tp in money (default 1.0), range (default 40) and fast EMA (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 Pauls MACD EA Checks Re Entry And High TF
Pauls MACD EA Checks Re Entry And High TF is an expert advisor (trading robot) for MetaTrader 4 based on MACD. It increases the lot size after a losing trade (martingale). It has 22 settings, such as Tp in money, Range and Fast ema. MQL source code included.
Files in the download: Pauls MACD EA checks re-entry and high TF.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 |
|---|---|---|
| Tp in money | 1.0 | |
| Range | 40 | |
| Fast ema | 10 | |
| Slow ema | 20 | |
| Macd sma | 7 | |
| Upper ma cd filter | 0.0010 | |
| Lower ma cd filter | -0.0010 | |
| Higher timeframe | 1440 | Period or timeframe used by the calculation |
| Start lot | 0.01 | |
| Lot multiplier | False | How much the lot size grows after a loss |
| Multiplier | 2.0 | How much the lot size grows after a loss |
| Increament | 0.01 | |
| Use daily target | false | |
| Daily target | 100 | |
| Each tick mode | false | |
| Trade in fri | true | |
| Magic | 1 | Magic number that tells this EA's orders apart |
| Level | 10 | |
| Use sl and tp | false | |
| Sl | 60 | Stop loss distance |
| Tp | 30 | Take profit distance |
| Stealth mode | true |
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 · Martingale · MT4 Expert Advisor · MQL4 Source Code