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MT4 Metatrader expert advisors and indicators
RobotFX
MACD Expert Advisor
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MACD main functions
  • Trade following the trend given by the MACD and enter trades according to this trend (trend can be disabled)
  • Use Stochastic as confirmation and enter/exit trades
  • When trend reverses, close opened trades and open other trades accordingly
  • Place stop-loss, take-profit, trail, break-even, etc.
The RobotFX MACD expert advisor ideology is meant for the traders that are familiar and use the moving average convergence divergence (MACD) indicator in their trading decisions. The MACD EA is easy to set up and use, as it can be seen from its settings below.
MACD Expert Advisor
The MACD expert advisor uses the Stochastic indicator for entry confirmation
To make sure the expert advisor trades in the right direction (ie with the trend) the trader can choose to follow the trend given by the same MACD settings used to enter/exit the trades. The trader can choose any other values depending on the traded pair. The trading signals are based on the intersection of the MACD’s signal line and the main line.
Following the trend, the EA sells when the MACD main line drops below the signal line and it buys when the main crosses the signal, up. The stop-loss and the take-profit are set immediately after the trade is opened, making this expert advisor compatible with the ECN brokers.

The trader has also the option to use the Stochastic indicator to confirm the entries and/or the exits. In the example below, using the default settings settings, the MACD EA opened three trades (maximum allowed) when the trend was up, the MACD raised above the signal line and the Stochastic was oversold, and managed to close one by trailing stop and the other two at take profit.
MACD Expert Advisor
RobotFX MACD EA can identify the trend and enter trades accordingly by following the MACD indicator
To better manage the trades, the EA can limit the number of the total opened trades and it can also close the opened trades at opposite signals.

Watch how RobotFX MACD works
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