MACD – expert for MetaTrader 5

  • A+

Author of the idea — Yuri, author of the MQL5 code — barabashkakvn. 

The implementation of the MACD pattern "Trend continuation".

The Expert Advisor was written in order to check the efficiency of the trading strategy described by the author.

Brief description of the strategy:

  1. Time-frame: H1
  2. Symbol: EURUSD
  3. Volume: 0.1 лот
  4. Indicators: MACD 12, 26, 9.

Searching for a buy signal:

  1. The MACD histogram must form a High above 0.0015
  2. Once a Low is formed above 0.0015, the histogram must go below -0.0005 and reverse with a value greater than 0,0005 without going below zero;

Searching for a sell signal:

  1. The MACD histogram must form a High above -0.0015
  2. Once a High is formed above -0.0015, the histogram must take a value higher than -0,0005 and reverse downwards with a value lower than -0,0005 without going above zero

Comment

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