macd divergence stochastic & bb
Info
The macd divergence stochastic & bb is a Expert Advisor for MetaTrader 5 that this expert identifies macd divergence whenbuysstochastic main line > signal line stochastic is between oversold levels ( control over duration how long has stochastic between these lvls inputcandle 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.
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 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.
What this tool does
this expert identifies macd divergence whenbuysstochastic main line > signal line stochastic is between oversold levels ( control over duration how long has stochastic between these lvls inputcandle period 9 & 10) closes trades based on the upper bollinger band level at the time trade is taken.
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: trade signals based on crossover of main and signal lines of macd indicator - another powerful expert for MetaTrader 5 traders.
Also recommended: Divergence Trader Expert Advisor - similar expert with strong performance on MetaTrader 5.
this expert identifies macd divergence whenbuys
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
You may also like: EXP_RMACD Expert Advisor - excellent alternative for expert users on MetaTrader 5.
Source Code
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property description "Educational code - RobotFX www.robotfx.org"
#property version "1.0"
#property strict
#define PROJECT_ID "mt5-6633"
#define POINT_FORMAT_RULES "0.001=0.01,0.00001=0.0001,0.000001=0.0001" // this is deserialized in a special function later
#define ENABLE_SPREAD_METER true
#define ENABLE_STATUS true
#define ENABLE_TEST_INDICATORS true.......
⚠ 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.