Popular MA C D Strategy from Viral You Tube Video (3. 5 M+ Views)
This software component for MetaTrader 5 is built to enhance the capabilities of your trading environment. 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 Popular MA C D Strategy from Viral You Tube Video (3. 5 M+ Views)
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 Advisor is based on a MACD crossover strategy with trend filtering and support/resistance confirmation. The logic is built according to the most common interpretation of such strategies, using standard indicators. The code is full of comments explaining every line of code step by step.
The Strategy Components are simple:
MACD Crossovers:
Standard MACD settings (Fast: 12, Slow: 26, Signal: 9) are used to detect momentum shifts
:
Trend Filter:
A 200-period moving average filters trades: Only buys are allowed above the MA, and sells if the price is below the MA
Support/Resistance Condition:
Trades are only allowed if price has recently touched a key
support or resistance level
. These levels are detected using a custom SupportResistance indicator (included as external dependency), based on the relative highs/lows of the last 10 and 20 candles.
Signal Validity Window:
To avoid missing setups due to timing mismatch, the EA uses a configurable time window to "remember" support/resistance and MACD signals ( SignalValidity parameter).
Risk Management:
Stop loss is placed a fixed number of points (specified by the user) from the 200 MA. and the Take profit is automatically calculated as 1.5× the stop loss distance
Input Parameters
