About the MACD Not So Simple Expert Advisor
The MACD Not So Simple Metatrader 4 Forex robot is a flexible and powerful algorithmic trader that is based on the MACD indicator.
The set of logic that defines the forex robot is based on the convergence/divergence of moving averages of unequal periods.
The MACD Not So Simple forex robot has a chain of various input parameters whose values can be manipulated to yield better trading results.
On the face of it, the EA is compatible with ECN and non-ECN brokers.
The trading algorithm takes advantage of the MACD blue line’s cross above the zero line to trigger a buy, and a sell trigger when the MACD blue line crosses below the zero line.
Free Download
Download the “MACD_Not_So_Sample.mq4” MT4 robot
Key Features
Trend Detection
Detects prevailing market trends using the MACD indicator, aligning trades with market direction for improved success rates.
Signal Confirmation
Utilizes additional filters to validate MACD signals, reducing false entries and improving trade reliability.
Customizable Settings
Adjust MACD periods, stop loss, take profit, and lot sizes to tailor the EA to your trading preferences and risk tolerance.
Risk Management
Includes configurable stop loss and take profit levels, helping protect your account while securing profits.
Automated Trading
Once configured, the EA executes trades automatically based on predefined criteria, saving time and ensuring disciplined trading.
Strategy Tester Report
Find below the MACD Not So Simple robot strategy tester report for the EUR/USD Forex pair on the 4-Hour chart.
Overall Performance
The EA made a total profit of $3016.26 from a total of 107 trades.
The largest winning trade generated $180.85 in profits, while no loss was reported during the test period.
Statistics:
Bars in test: 3787 ticks modelled
Initial deposit: $10000.00
Total net profit: $3016.26
Total trades: 107
Largest profit trade: $180.85
Largest loss trade: -$0.00
Consecutive wins: 107
Consecutive losses: 0
How the EA Works
- Monitors MACD line and signal line for crossovers.
- Validates potential trades using additional filters.
- Automatically executes buy or sell orders upon confirmed signals.
- Applies stop loss and take profit levels for risk management.
- Closes trades when exit conditions are met.
Download Now
Download the “MACD_Not_So_Sample.ex4” Metatrader 4 robot
Parameters & Settings
- MACD Settings: Adjust fast and slow periods and signal line for precision.
- Stop Loss: Configurable to limit losses.
- Take Profit: Define desired profit levels.
- Lot Size: Adjust trade size based on account risk.
- Risk Management: Enable trailing stops and break-even options.
Recommended Trading Setup
- Platform: MetaTrader 4 (MT4)
- Currency Pairs: EUR/USD, GBP/USD, USD/JPY, and other major pairs.
- Timeframes: M15 or H1 for optimal performance.
- Broker: ECN accounts with low spreads and fast execution.
- VPS: Recommended for uninterrupted 24/5 trading.
FAQ
Is the MACD Not So Simple EA suitable for beginners?
Yes, the EA is user-friendly and easy to set up, making it suitable for traders of all experience levels.
Can I use the EA on multiple currency pairs simultaneously?
Yes, the EA supports multiple major and minor currency pairs, allowing for diversified trading.
How often does the EA trade?
Trade frequency depends on market conditions, but the EA focuses on high-probability signals, typically executing 1–5 trades per day per pair.
Does the EA allow adjusting risk levels?
Yes, users can configure lot sizes, stop loss, take profit, and optional trailing stop settings for customized risk management.
Can the EA run on different timeframes?
Yes, it works on multiple timeframes, but M15 and H1 are recommended for optimal breakout detection and MACD signal accuracy.
Summary
The MACD Not So Simple MetaTrader 4 Forex Robot is a fully automated EA that combines MACD-based trading signals with additional validation filters to increase trade accuracy.
It provides customizable settings, risk management tools, and support for multiple currency pairs.
Download the MACD Not So Simple EA for free today and automate your trading on MetaTrader 4 for efficient, disciplined, and professional trading.
