About the MACD Signal Line Expert Advisor
The MACD Signal Line Metatrader 4 Forex Robot is an expert advisor that trades the crossing signal strategy of the Moving Average Convergence Divergence.
Entry and exit points are determined only if there is a cross of the main and signal line of the MACD.
The forex robot also deploys a spread and slippage limitation, it is a feature that allows for adequate position management.
The display of a yellow trading criteria on the upper right side of the chart window offers further information on the well-being of existing/inbound trades.
Use the MACD Signal Line expert advisor to initiate buy/sell trading signals with the possibility to limit the maximum risk (in percentage of deposit) of the position.
Lastly, the EA can be used for intraday and swing trading.
Free Download
Download the “Trading Criteria.mq4” MT4 robot
Key Features
Automated Trading
The EA automatically executes trades when the MACD line crosses above or below the signal line, indicating potential buy or sell signals.
Customizable Parameters
Traders can adjust settings such as the MACD’s fast and slow periods, the signal line period, and the timeframes for trading.
Risk Management
The EA incorporates features like stop-loss and take-profit levels to manage risk effectively.
Real-Time Updates
The MACD and signal line update in real-time as new price data becomes available, ensuring that trading decisions are based on the most current market conditions.
Strategy Tester Report
Find below the MACD Signal Line forex robot strategy tester report for the EUR/USD forex pair on the Daily chart.
Overall Performance
The EA made a total profit of $3065.52 from a total of 92 trades.
The largest winning trade generated $435.11 in profits, while the largest losing trade generated a loss of $316.51.
Statistics:
Bars in test: 3115 ticks modelled
Initial deposit: $10000.00
Total net profit: $3065.52
Total trades: 92
Largest profit trade: $435.11
Largest loss trade: -$316.51
Consecutive wins: 3
Consecutive losses: 2
How the EA Works
- Monitors market conditions based on predefined indicators.
- Identifies potential trade opportunities when the MACD line crosses the signal line.
- Executes trades automatically when conditions are met.
- Manages open trades by adjusting stop-loss and take-profit levels.
- Provides real-time feedback and alerts to the user.
Download Now
Download the “Trading Criteria.ex4” Metatrader 4 robot
Parameters & Settings
- FastEMA — period for the fast Exponential Moving Average.
- SlowEMA — period for the slow Exponential Moving Average.
- SignalPeriod — period for the signal line.
- StopLoss — distance in pips for stop-loss.
- TakeProfit — distance in pips for take-profit.
- RiskPercent — percentage of equity to risk per trade.
- TradeTime — specific times to allow trading.
- TradePairs — list of currency pairs to trade.
Recommended Trading Setup
- Pairs: EURUSD, GBPUSD, USDJPY — for consistent volatility and trend structure.
- Timeframe: M15 or H1 — to balance between noise reduction and trade frequency.
- Account Type: ECN or low-spread broker for reliable execution.
- Risk: Use 1% per trade; adjust based on account size and risk tolerance.
- Backtesting: Run multi-year tests to evaluate performance across different market conditions.
FAQ
Is this the original MACD strategy?
Yes — the EA closely follows the MACD strategy: automated entries, stop-loss, take-profit, and risk management.
Can I run multiple instances of the EA?
Yes — you can load multiple instances with different settings to diversify your trading approach.
How do I manage risk with this EA?
Adjust the RiskPercent parameter to control the amount of equity risked per trade. It’s recommended to start with a conservative risk setting.
What if the EA doesn’t perform well?
Ensure that the EA is configured correctly and that it’s running on a reliable broker with low spreads. Consider testing on a demo account before going live.
How can I optimize the EA’s performance?
Regularly monitor the EA’s performance and adjust settings as needed. Backtest the EA on different timeframes and currency pairs to find the optimal configuration.
Summary
The MACD Signal Line Expert Advisor for MetaTrader 4 is a reliable tool for automating forex trades using the proven MACD strategy.
It simplifies trading by handling entries, exits, and risk management automatically, allowing traders to focus on strategy optimization.
With adjustable parameters, real-time monitoring, and precise trade execution, this EA is suitable for both beginners and experienced traders seeking consistent results.
Download the free package today and experience automated trading with confidence.
