TSD V12 MT4 EF MACD
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called TSD V12 MT4 EF MACD. As the name suggests, the idea behind it is MACD (moving average convergence / divergence). The file name marks it as version 12. In the code it works with MACD and an oscillator. It places pending orders, moves the stop behind price and can size trades from your risk. It has 8 settings, for example Lots (default 1), Take Profit (default 999) and Stoploss (default 0). Watch it on a demo account for a while — robots can behave differently with each broker. 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 · v12 · Free
About TSD V12 MT4 EF MACD
TSD V12 MT4 EF MACD is an expert advisor (trading robot) for MetaTrader 4 based on MACD and Oscillator. It places pending buy/sell stop or limit orders, moves the stop loss behind price (trailing stop / break-even) and can size trades from your balance and risk percent. It has 8 settings, such as Lots, Take profit and Stoploss. MQL source code included.
It also works on several symbols at once.
Files in the download: TSD-v12-MT4-EF-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 | 999 | Take profit distance |
| Stoploss | 0 | Stop loss distance |
| Trailing stop | 10 | Trailing stop distance or switch |
| Slippage | 5 | Slippage |
| Stop year | 2005 | |
| MM | 0,Leverage=1,AcctSize=10000 | |
| Williams p | 24,WilliamsL=-75,WilliamsH=-25 |
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 · Risk & Lot Size · Multi-Currency · Oscillator · MT4 Expert Advisor · MQL4 Source Code