MACD and SAR
Info
The MACD and SAR is a Expert Advisor for MetaTrader 5 that the ea analyzes four parameters:- value of the main line of macd on bar #1 (macd_main_1)- value of the signal line of macd on bar #1 (macd_signal_1)- value of indicator sar on bar #1 (sar_1) relative to price bid (m_symbol. bid())These parameters are combined in the basic formula of signals for buy and sell.
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 MACD and SAR
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
The EA analyzes four parameters:- Value of the main line of MACD on bar #1 (macd_main_1)- Value of the signal line of MACD on bar #1 (macd_signal_1)- Value of indicator SAR on bar #1 (sar_1) relative to price bid (m_symbol.
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: GDS Renko RSI + MACD 4-Mode EA - another powerful expert for MetaTrader 5 traders.
The EA analyzes four parameters:- Value of the main line of MACD on bar #1 (macd_main_1)
Also recommended: trade signals based on crossover of main and signal lines of macd indicator - similar expert with strong performance on MetaTrader 5.
- Value of the signal line of MACD on bar #1 (macd_signal_1)
- Value of indicator SAR on bar #1 (sar_1) relative to price bid (m_symbol.bid())
These parameters are combined in the basic formula of signals for buy and sell. However, you can optimize the values of signs < and > in any part of the formula. To do so, for each of signs < and >, their own variables (inpmorelessbuy_1, inpmorelessbuy_2, inpmorelessbuy_3, inpmorelesssell_1, inpmorelesssell_2, and inpmorelesssell_3) are introduced. With these variables, the basic formula is modified as follows:
The EA operates when a new bar appears. When a signal is received, positions opposite to the signal received will be closed.
When optimizing the formula, it is also recommended to optimize the number of positions.
You may also like: EXP_RMACD Expert Advisor - excellent alternative for expert users on MetaTrader 5.
Source Code
/.......
⚠ 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.