100% Free - MACD Pattern Expert Advisor

(source: available for free on some free Forex websites)

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.


One trader who has used the robot to share its work:

"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."

Available for MT4 platform.

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.

-Download: FREE MACD Pattern expert advisor (ZIP)-


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How to set up MT expert advisors

Using Metatrader expert advisors is simple, but sometimes people get confused with it and after downloading a file with the expert advisor a user might get stuck with it without knowing what to do next. This a simple tutorial on how to attach an expert advisor to Metatrader 4 char and activate it.

1. Download your MT4 expert advisor or copy it and save it to your MetaTrader’s ‘experts’ folder:

 

2. Double click it with your mouse and it will be opened in MQL editor (this editor comes with MT4). There will be a button ‘Compile’ at the center top of the window. Click it and your expert advisor will be compiled and ready to use. There might be some errors or warnings during the compilation, but in most cases there shouldn’t be any. You can try and fix those errors, but it takes time and some programming skills, usually.

 

3. Now, all you need to do is add your expert advisor to the preferred chart and activate it. You can also change some input parameters for the advisor in the Inputs tab:

 

This is all you need to set up your EA! Good luck. Keep in touch ;)