MACD EA
Info
The MACD EA is a Expert Advisor for MetaTrader 5 that when a signal emerges, the ea closes an opposite position. It can also close half of the position (based on the 'profit for closing half of the position' parameter) and move a position to breakeven (using the 'breakeven' parameter).
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 EA
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
When a signal emerges, the EA closes an opposite position.
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.
When a signal emerges, the EA closes an opposite position. It can also close half of the position (based on the 'profit for closing half of the position' parameter) and move a position to breakeven (using the 'breakeven' parameter).Also recommended: trade signals based on crossover of main and signal lines of macd indicator - similar expert with strong performance on MetaTrader 5.
The position size can be set manually in the 'lots' parameter or as a risk percentage of the free margin (using the 'risk in percent for a deal from a free margin' parameter). The latter option requires enabling the 'money management' flag.
Stop loss, take profit, and breakeven can be disabled by setting their values to zero.
Opening positions:
- EURUSD, M30 from 2026.06.09 to 2026.02.10
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.