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MACD Trader FREE MT5

0.00

Fully automated Expert Advisor that trades on the MACD and Envelopes indicators.

A live account that is fully managed by an expert

The paid version of the ExpertAdvisor .

The free version has the following limitations.

  1. There is no order capture panel.
  2. Trading is limited only to the EURUSD currency pair and the like.
  3. It is possible to take only the minimum lot, and no more than 5 orders in one direction, the total maximum of 10 orders.
  4. The pause after closing all orders is 6000 minutes.
  5. During the analysis, no more than 50 orders are added to the database and 15 bars are checked.

The free version has the following limitations.

Common

  • TradeObjectsDelete: Remove objects of trade.
  • Magic: The magic number of orders that the EA will take.
  • Trading: Type of trading, Netting or Standard.
  • SavingInfo: Save to files/variables.
  • Messages: Messages.

Indicators

  • MACD
    • MACDfastEMA: Fast EMA Period.
    • MACDslowEMA: Slow EMA Period.
    • MACDsigLine: Signal SMA Period.
    • MACDprice: Choose one of the price options.
    • MACDnoOpen: How many points from 0 do not open positions.
    • iBarLook: How many bars back to look at for comparison. Applies to both indicators. Do not specify large parameters, the optimal values are 1-3.
  • Envelopes
    • EnvelopesPeriod: Period.
    • EnvelopesShift: The shift of the average.
    • EnvelopesPrice: Choose one of the price options.
    • EnvelopesMAMethod: The smoothing method.
    • EnvelopesDeviation: the Deviation (in percent).

[spoiler title=”Read More…”]

  • MACDfastEMA: Fast EMA Period.
  • MACDslowEMA: Slow EMA Period.
  • MACDsigLine: Signal SMA Period.
  • MACDprice: Choose one of the price options.
  • MACDnoOpen: How many points from 0 do not open positions.
  • iBarLook: How many bars back to look at for comparison. Applies to both indicators. Do not specify large parameters, the optimal values are 1-3.
  • EnvelopesPeriod: Period.
  • EnvelopesShift: The shift of the average.
  • EnvelopesPrice: Choose one of the price options.
  • EnvelopesMAMethod: The smoothing method.
  • EnvelopesDeviation: the Deviation (in percent).

Working with orders

  • MaxSpred: The maximum spread for opening trade deals. 0 – any.
  • Deviation: Slipping by default.
  • StepPips: The distance in pips/pips of the next order.
  • StopLossOrder: StopLoss when taking an order. **
  • TakeProfitOrder: TakeProfit when taking an order. **

Working with the most unprofitable order

  • MinusProfitFactor: * for a negative order, Lot*X. **
  • LockMinusProfitFactor: * for overlapping orders of the negative, Lot*X.

Stop-loss is when you track the market profitable orders

(All stop-losses are set at least as much as the STOPLEVEL allows)

  • SecCheckStop: After how many seconds at least to change StopLoss/TakeProfit.
  • InterestOrderP: Breakeven percentage for profitable orders. **
  • MinStopLoss: Minimum stop loss for profitable orders. **
  • TakeProfitOrderMod: Take profit for modifiable orders. **

Taking the profit

  • ProfitFactor: * of all orders (average Lot*X). **
  • PairFactor: * currency pair on pullbacks (average Lot*X). **
  • PairHeadingFactor: * the direction of the currency pair during pullbacks (average Lot*X). **
  • OrderProfitFactor: * Orders are in the black on rollbacks. **

Training

  • TrainingWork: Training mode.
  • AnalysisProfit: profit orders to add to the trading database (pips).
  • AnalysisMinus: minus orders to delete from the database (pips).

* – profit multiplier

** – at 0, disabled/do not set/do not pick up

[/spoiler]

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