MACD and Stochastic Oscillator Expert Advisor
Info
The MACD and Stochastic Oscillator Expert Advisor is a Expert Advisor for MetaTrader 5 that the expert advisor utilizes two key indicators: the moving average convergence/divergence (macd) and the stochastic oscillator. It is designed to open a maximum of one position per bar, employing three distinct time intervals for entry determination.
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 Stochastic Oscillator Expert Advisor
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 expert advisor utilizes two key indicators: the Moving Average Convergence/Divergence (MACD) and the Stochastic Oscillator.
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 expert advisor utilizes two key indicators: the Moving Average Convergence/Divergence (MACD) and the Stochastic Oscillator. It is designed to open a maximum of one position per bar, employing three distinct time intervals for entry determination.Also recommended: Stochastic Daily Breakout for Gold: Backtested Performance to 2026 - similar expert with strong performance on MetaTrader 5.
Input Parameters:
MACD:
- Fast Average Calculation Period
- Slow Average Calculation Period
- Difference Averaging Period
Stochastic Oscillator:
- Enable/Disable Stochastic
- Bars for Stochastic Signal Calculation
- K Period (Number of Bars)
- D Period (Primary Smoothing)
- Final Smoothing
- Smoothing Type
- Calculation Method
General:
- Lot Size
- Stop Loss (in pips)
- Take Profit (in pips)
- Trailing Stop (in pips)
- Trailing Step (in pips)
- Maximum Positions
- Minimum Breakeven Level (in pips)
- Minimum Distance for Breakeven (in pips)
Time Intervals:
- Period #1 Start and End (hours and minutes)
- Period #2 Start and End (hours and minutes)
- Period #3 Start and End (hours and minutes)
Testing Results: All pairs from 2026.03.06 to 2026.10.08.
You may also like: Stochastic Protector - 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.