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example of ma c d automated
Info
The example of ma c d automated is a Expert Advisor for MetaTrader 4 that it is a metatrader 4 code example of macd automated expert advisor, with advanced money management function and trailing stop as well. the idea is:filter as multi time frame code example (daily and 15 minutes charts).
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Experts folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use example of ma c d automated
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
What this tool does
it is a metatrader 4 code example of macd automated expert advisor, with advanced money management function and trailing stop as well.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 4. Place the file in the MQL4/Experts folder and restart the terminal.
Description & Settings
Related: e-news-lucky$ - automated news trading expert advisor - another powerful expert for MetaTrader 4 traders.
it is a metatrader 4 code example of macd automated expert advisor, with advanced money management function and trailing stop as well.
Also recommended: e-moving in wl2: automated stop loss adjustment - similar expert with strong performance on MetaTrader 4.
the idea is:filter as multi time frame code example (daily and 15 minutes charts).
when the bigger timeframe is giving buy (or sell) signal/rule, then it will wait the confirmation of the lower timeframe to give the same signal/rule. then the trade must be placed.
buy rule: when the macd histogram is > 0 on the daily time frame and the same on the 15 minutes time frame.
sell rule: when the macd histogram is < 0 on the daily time frame and the same on the 15 minutes time frame.
recommendations:
don't use it on the real account.
it is only for educational purposes, not for strict trading.
take care!
You may also like: e-trailing: automated trailing stop for all positions - excellent alternative for expert users on MetaTrader 4.
Source Code
extern int magicnumber=3333;
extern double lots=0.01;
extern double stoploss=50;
extern double takeprofit=30;
extern int slippage=3;
int start()
{
double mypoint=point;
if(digits==3 || digits==5) mypoint=point*10;
double thestoploss=0;.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.