Expert Advisor MACD Pattern

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MACD Pattern Expert Advisor

MACD Pattern expert advisor is a special expert advisor designed to trade on six different MACD patterns. It’s a very complex EA and it employs dozens of various input parameters. MACD Pattern computes stop-loss and take-profit levels based on the previous bars and closes the open positions in fractions.

Warning! The latest backtest of MACD Pattern expert advisor on the period from 2006-11-20 through 2020-12-30 has shown 113% profit and 29% maximum drawdown. The profit peaked after about 2 years of backtesting.

It is not recommended to run this EA on a live account. The backtest results presented below are outdated.

My test of MACD Pattern MetaTrader expert advisor showed good profit. I used EUR/USD H4 chart (EA was created specifically for this combination) with 0.3 standard lots base order size. The profit was about $8,077, maximum drawdown — $6,060 in a year and a half period.

MiniFAQ

What are the stop-loss and take-profit used by this EA?

It uses variable SL and TP levels, but the average profit is 90 pips and average loss is 311 pips.

How often does it trade?

On 4-hour EUR/USD chart (the optimal settings) this EA will trade about once every two days on average.

This EA is ECN-incompatible. It is not recommended to trade with ECN (market execution) broker using this expert advisor. You will most likely be seeing OrderSend Error 130 messages when EA will be trying to open positions.

Downloads

Discussion

Warning! Before you ask basic questions regarding installation of the expert advisors, please, read this MT4 Expert Advisors Tutorial to get the elementary knowledge on handling them.

Do you have your own trading results or any other remarks regarding this expert advisor? Discuss MACD Pattern with other traders and MQL programmers on the experts forums.

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Expert Advisor Based on MACD Patterns

Another MetaTrader expert advisor was added to my site today — MACD Pattern. It’s based on the MACD patterns (Moving Average Convergence/Divergence), specifically for EUR/USD H4 chart. It shows quite interesting results but, unfortunately, has also two major problems. First, it has more than 27% maximum relative drawdown (that’s more than $6,000 drop during one moment). Second, it doesn’t explicitly control bar opening and uses and levels, which means that the backtests aren’t very accurate and the resulting data should be treated very skeptically. But 60% profit over the course of less than 19 months is quite nice. Here you can see the test results graph (click to enlarge):

A strong drawdown can be seen close to the end of the test — its reason is unknown to me, but I guess it’s tolerable.

You can also view the complete testing report. Go directly to MACD Pattern expert advisor page to download this EA or get more information about it. If you don’t like MACD Pattern, you can check other MetaTrader expert advisors.

If you have any questions or some interesting thoughts regarding MACD Pattern expert advisor, please feel free to reply using the form below.

Los mejores corredores de opciones binarias 2020:
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    Binarium

    1er lugar! El mejor broker de opciones binarias!
    Ideal para principiantes! Entrenamiento gratis! Bonos de registro!

  • FinMax
    FinMax

    2do lugar! Gran corredor!

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