PZ MACD Trader EA is a flexible and powerful Expert Advisor for MetaTrader, which trades using the MACD indicator, and also has the additional ability to use breakouts of a configurable period.

• Easy to use and manage
• Fully customizable parameters
• Built-in money management system
• Works with ECN/non-ECN brokers, with 2-3-4-5-digit quotes.
• Trading in accordance with the FIFO rule (NFA)

When loading the Expert on the chart, the input parameters will be shown. Do not despair if it seems to you that there are too many of them. All parameters are grouped into blocks that do not require explanations. Each functional parameter is described below.

• MACD Settings – MACD values: fast EMA, slow EMA and signal SMA for the MACD indicator.
• Trading Settings – Trading Settings: this block defines the trading style of the Expert Advisor. You can choose the direction of trading and the type of inputs. When choosing strict mode, the EA will open trades only on MACD signals. When the breakouts mode is selected, the EA will trade on the breakouts of the Donchyan channel filtered by the MACD indicator. The breakdown period is also configurable.
• Trade Management is the style of managing trades by an Expert Advisor after they are opened. You can set a stop loss, take profit, breakeven and trailing stop in pips. The trailing stop is expressed as a percentage of the Maximum Potential Profit (MFE) of the transaction.
• Money Management – Money management settings. Here you can set the lot size for the first trade or allow the Expert Advisor to calculate it automatically.
• EA Settings – Expert Advisor settings. You can choose a magic number for trades, a custom comment, and a manual item value if you need to override the default value.

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Arturo Lopez Perez, private investor, stock speculator, programmer and founder of Point Zero Trading Solutions.

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