TSD V11 MT4 JB MACD
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called TSD V11 MT4 JB MACD. As the name suggests, the idea behind it is MACD (moving average convergence / divergence). The file name marks it as version 11. In the code it works with MACD. It places pending orders, moves the stop behind price and handles several symbols. It has 7 settings, for example Lots (default 1), Take Profit (default 100) and Stoploss (default 0). Before any live use, test it on a demo account and check its lot size, stop loss and trading hours. 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 · v11 · Free
About TSD V11 MT4 JB MACD
TSD V11 MT4 JB MACD is an expert advisor (trading robot) for MetaTrader 4 based on MACD. It places pending buy/sell stop or limit orders, moves the stop loss behind price (trailing stop / break-even) and works on several symbols at once. It has 7 settings, such as Lots, Take profit and Stoploss. MQL source code included.
Files in the download: TSD-v11-MT4-JB-MACD.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 | Trade size in lots |
| Take profit | 100 | Take profit distance |
| Stoploss | 0 | Stop loss distance |
| Trailing stop | 60 | Trailing stop distance or switch |
| Slippage | 5 | Slippage |
| Stop year | 2005 | |
| MM | 0,Leverage=1,AcctSize=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 · Pending Orders · Trailing Stop & Break-even · Multi-Currency · MT4 Expert Advisor · MQL4 Source Code