The primary MACD robot identifies entries using signal line crossovers filtered by an exponential moving average. It manages risk through fixed lot sizing with account margin checks, a specified take profit, and a trailing stop mechanism. The moving average strategy utilizes crossovers to determine long and short positions. Both tools automate the entry and exit processes, though the provided implementation uses fixed lot sizes rather than risk-based position sizing.
Read from MACD.mq4. Defaults are the author's; change them in the EA's Inputs tab.
Name
Type
Default
Description
TakeProfit
double
50
Lots
double
0.1
TrailingStop
double
30
MACDOpenLevel
double
3
MACDCloseLevel
double
2
MATrendPeriod
int
26
How to install it
1Download the sourceUse "Download source (.zip)" above, or clone QuantatechSecurities/Quantatech_Securities_FX 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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