MACD Stochastic Expert Advisor
Info
The MACD Stochastic Expert Advisor is a Expert Advisor for MetaTrader 5 that an expert advisor based on two oscillators: imacd (with adjustable timeframe) and istochastic taken on the current timeframe. The strategy employs a higher timeframe for the MACD indicator compared to the current chart's timeframe.
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 Stochastic 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
An Expert Advisor based on two oscillators: iMACD (with adjustable timeframe) and iStochastic taken on the current timeframe.
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.
An Expert Advisor based on two oscillators: iMACD (with adjustable timeframe) and iStochastic taken on the current timeframe.Also recommended: Stochastic Daily Breakout for Gold: Backtested Performance to 2026 - similar expert with strong performance on MetaTrader 5.
The strategy employs a higher timeframe for the MACD indicator compared to the current chart's timeframe.
Key Features:
- Individual stop loss and take profit settings for buy and sell positions.
- Trailing stop functionality for all position types.
Inputs:
- Lots: Position volume (constant, manually set)
- Stop Loss Buy: Stop loss in pips for buy positions
- Stop Loss Sell: Stop loss in pips for sell positions
- Take Profit Buy: Take profit in pips for buy positions
- Take Profit Sell: Take profit in pips for sell positions
- Trailing Stop Buy and Sell: Trailing stop in pips (same for buy and sell)
- Trailing Step Buy and Sell: Trailing step in pips
Indicator Inputs:
- MACD: Period
- MACD: Fast Average Calculation Period
- MACD: Slow Average Calculation Period
- MACD: Difference Averaging Period
- MACD: Type of Price or Handle
- Stochastic: K-Period (calculation bars)
- Stochastic: D-Period (first smoothing)
- Stochastic: Final Smoothing
- Stochastic: Type of Smoothing
- Stochastic: Calculation Method
Inputs should be optimized for each symbol and timeframe. For example, the optimization range for AUDUSD, M15:
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.