area ma c d
Info
The area ma c d is a Expert Advisor for MetaTrader 5 that an unorthodox approach to indicator macd: the ea calculates the indicator's area displayed above and below zero line. depending on parameter "reverse signal", either buy or sell positions will be opened.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Experts folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use area ma c d
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
an unorthodox approach to indicator macd: the ea calculates the indicator's area displayed above and below zero line.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 5. Place the file in the MQL5/Experts folder and restart the terminal.
Description & Settings
Related: Global Take Profit Expert Advisor - another powerful expert for MetaTrader 5 traders.
an unorthodox approach to indicator macd: the ea calculates the indicator's area displayed above and below zero line.
Also recommended: sound alert entry out - similar expert with strong performance on MetaTrader 5.
depending on parameter "reverse signal", either buy or sell positions will be opened.inputs:
stop loss (in pips) - stop loss value
take profit (in pips) - take profit value
trailing stop (in pips) - trailing
trailing step (in pips) - trailing step
lots (or "lots">0 and "risk"==0 or "lots"==0 and "risk">0) - lot size is set manually
risk (or "lots">0 and "risk"==0 or "lots"==0 and "risk">0) - lot size is calculated dynamically
number of bars to search for the area of the indicators - amount of bars, on which the indicator's area is calculated
reverse signal
//--- macd parameters
period for fast average calculation
period for slow average calculation
period for their difference averaging
type of price
lot size calculation method impact: whether the lot size is constant or dynamic
fig. 1. constant lot size
fig. 2. dynamic lot size
You may also like: range follower - excellent alternative for expert users on MetaTrader 5.
Source Code
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⚠ 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.