EAMACD

EA MACD is designed for automated trading based on MACD indicator values.

The signal for a buy trade is the intersection of the MACD signal line above zero.

The signal for a sell trade is the intersection of the MACD signal line below zero.

Trades are closed either by Take Profit / Stop Loss or by the indicator crossing the zero line:

• Buy deals are closed if the MACD line moves below zero.
• Sell deals are closed if the MACD line moves above zero.

The EA can work with ECN accounts.

Parameters

• FastMA - parameter of the fast MA of MACD;
• SlowMA - parameter of the slow MA of MACD;
• SignalLine - parameter of MACD signal line;
• Price - price applied for MACD;
• Lot - trade volume;
• TakeProfit - take profit value in pips;
• StopLoss - stop loss value in pips;
• MAGIC - EA's magic number.