This MetaTrader 4 expert advisor functions as an automated trading robot using the Average Directional Index (ADX) to identify trend strength and direction. It executes trades based on ADX crossovers and specific level thresholds. The EA provides essential risk management tools, including stop loss, take profit, and a
Trading robot · MT4
MACD MA Cross
MACD MA Cross is a MetaTrader 4 expert advisor that automates entries based on the alignment of MACD signals and Moving Average crossovers.
GitHub stars1
Forks0
Last update7 years ago14 Apr 2019
LicenceNone stated
Overview
The strategy triggers trades when indicators confirm a trend, using Linear Weighted Moving Averages (LWMA) for direction. The EA features an unconventional exit strategy where positions are closed when the price breaks the fast moving average. Critically, the source code indicates the robot operates without hard stop loss or take profit levels, relying solely on its technical indicators for trade management. The repository contains multiple versions but lacks a README for external documentation.
- MACD and LWMA crossover logic
- Indicator-based exit mechanism
- Price buffer for entry confirmation
Details
Author
b79528 on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Indicator crossover, Trend following
Markets
Any symbol
Timeframes
Any timeframe
Risk profile
- Trades without a fixed stop loss
Input parameters
Read from MACDMACrossV4.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
FASTEMA | int | 13 | |
SLOWMA | int | 89 | |
LotSize | double | 0.01 | |
Slippage | int | 3 | |
indi | string | | Indicators |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone b79528/MACDMACross from GitHub, and unzip it.
- 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL4/Experts.
- 3Copy the filesCopy the .mq4 file into Experts.
- 4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.
- 5Test before you tradeRun it in the Strategy Tester, then attach it to a demo chart and allow algorithmic trading.
Third-party code. ForexR did not write, test or endorse this EA, and the summary above was generated automatically from its README and code. ForexR lists only repositories with readable source code and never hosts files. Read the code, backtest it and use a demo account first; automated trading can lose money quickly.
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