MACD Trader EA v.2.0

MeetAlgo MACD Trader EA is a flexible and powerful metatrader expert advisor that trades using the MACD indicator and implements many useful features. It using the metatrader basic MACD Indicator. It offers many customizable MACD trading scenarios and flexible position management settings, plus many useful features like customizable trading sessions.

• Easy to use and customizable MACD setting.
• Enable Grid trading.
• Customizable break-even, SL, TP and trailing-stop
• Works for ECN/Non-ECN brokers
• Customizable indicator settings
• Filter trading by forex sessions
• Built-in money management
• Built-in news filter. EA automatic download news data from news website.

The EA implements the following four entry strategies, that can be select any of one at will:

• Histogram Cross With Level – 
  • BUY trade – When MACD histogram line cross “MACD Level For Buy” from lower to upper.
  • SELL trade – When MACD histogram line cross “MACD Level For Sell” from upper to lower.
• Histogram Above/Below of Level –
  • BUY trade – When MACD histogram > “MACD Level For Buy”.
  • SELL trade – When MACD histogram < “MACD Level For Sell”.
• Histogram Cross With Signal –
  • BUY trade – When MACD histogram line cross “MACD Signal Line” from lower to upper.
  • SELL trade – When MACD histogram line cross “MACD Signal Line” from upper to lower.
• Signal Line Above/Below of Level –
  • BUY trade – When MACD signal line > “MACD Level For Buy”.
  • SELL trade – When MACD signal < “MACD Level For Sell”.

Four different trading behaviors are available in the EA inputs:

• Both Side (Long and Short): The EA will buy at bullish ma crossovers and sell at bearish crossovers signals both trade
• Any Single Side: Open any one trade which signal come first (Buy or Sell)
• Long Side Only: The EA will buy at bullish signals and disregard bearish signals
• Short Side Only: The EA will sell at bearish signals and disregard bullish signals

Additionally, it implements four different money management modes:

• Trade manual lotsize: The EA will trade a fixed lotsize on each trade
• Auto-calculation of lotsizes: The EA will increase or decrease depend on account balance increase or decrease