Simple Macd EA
From the Old Kings archive: Simple Macd EA, an expert advisor (trading robot) for MetaTrader 4. Its name points to MACD (moving average convergence / divergence). In the code it works with moving averages. It moves the stop behind price. It has 6 settings, for example Lots (default 1), Trailing Stop (default 55) and MACD level (default 500). 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 Simple Macd EA
Simple Macd EA is an expert advisor (trading robot) for MetaTrader 4 based on Moving Average. It moves the stop loss behind price (trailing stop / break-even). It has 6 settings, such as Lots, Trailing stop and Macd level. MQL source code included.
Files in the download: simple-macd-EA.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 |
|---|---|---|
| Lots | 1 | number of lots to trade (usually, 1 lot is $100k) (unlimited) |
| Trailing stop | 55 | the amount of the trailing stop needed to maximize profit (unlimited) |
| Macd level | 500 | (1-12) [low works for GBPUSD], high works for others. |
| MAGIC | 123456 | Magic number that tells this EA's orders apart |
| Tp limit | 100 | |
| Wait time b4 sl | 10000 |
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 · Trailing Stop & Break-even · Moving Average · MT4 Expert Advisor · MQL4 Source Code