Macd Divergence Stochastic & BB
This tool for MetaTrader 5 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 Macd Divergence Stochastic & BB
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 identifies macd divergence when
BUYS
stochastic main line > signal line
stochastic is between oversold levels ( control over duration how long has stochastic between these lvls input
candle period 9 & 10
)
Closes trades based on the upper bollinger band level at the time trade is taken. stops are set at 100 % equal to target
stoplosspercentTP
All indicators including the macd divergence are multi time frame capable .
Example you could have divergence occur on 4 hr timetrame , stocastic confluence on the 30min chart . and Targets and stops on the 5 minute bollinger band levels.
Sell inverse.
*The EA only trades if there is no other open trades*
Include alert only EA
* when changing the timeframe settings must use 1 minute open data to
test
*
enjoy
