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.
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.
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.
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.