Viral MA C D Strategy (3. 5 M+ Views) — Recreated and Automated
This tool for MetaTrader 4 is specifically engineered to streamline your trading operations. This Expert Advisor serves as automated trading software. It is utilized to monitor financial markets and execute trades based on predefined algorithmic rules, enabling precise position management without the need for constant manual oversight.
How to Setup and Use Viral MA C D Strategy (3. 5 M+ Views) — Recreated and 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.
Description & Settings
This Expert Advisor is based on a simple MACD strategy that combines multiple technical conditions. It is designed to test how well the strategy performs in real trading environments.
Main Features
Standard MACD crossover (buy if the mainline crosses above the signal line below zero and sell if the main line crosses below the signal line above zero) parameters are: • Fast EMA: 12 • Slow EMA: 26 • Signal line:
200-period moving average for trend filtering. If the price is above the moving average, only buys are allowed, if the price is below the moving average only sells are allowed.
The Strategy also uses price action: A touch of a support level is needed for a buy trade and for the sell condition, price has to go above the resistance. This is made possible with a custom Box.mq4 indicator, which is a custom indicator, that displays support and resistance levels. It's important to note, that support and resistance levels are subjective.
The Risk Management of the strategy is the following. The Stop Loss is always placed above the MA for sell trades and below the MA for buy trades. The SL level will be calculated based on an input parameter called SLPointDistanceFromMA. The Take Profit of the trade is 1.5 times the SL of the trade.
MACD and support/resistance signals do not need to happen at the same time. The SignalValidity input defines how many candles these conditions remain valid.
Input Parameters
