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This tutorial shows how MACD Expert Advisor can be used on charts of MT4 to Trade

Strategy Premise

MACD, short for moving average convergence/divergence, is a trading indicator used in technical analysis of stock prices. It is designed to reveal changes in the strength, direction, momentum, and duration of a trend in a stock’s price.

Strategy Logic

Long Entry: When Value of MACD is above 0

Long Exit: Exit happens with Short Entry

Short Entry: When Value of MACD is Below 0

Short Exit: Exit happens with Long Entry

MT4 Settings

To start Algo trading with MACD on MT4, simply follow the steps given below. 

MACD Strategy for MT4
  1. Make sure you have completed Jump Start setup
  2. Download zipped files from here and extract them. You will find three sub-folders: Experts, Indicators and Include. The files in these sub-folders should be copied in your MT4 directory in the same folders. In MT4 Click on File => Open Data Folder=> Click on MQL4 => Experts folder. Copy-paste the downloaded file to the Expert folder.
  3. (Optional, if indicator nor present in your MT4) In MT4 Click on File => Open Data Folder=> Click on MQL4 => Indicator folder. Download the Indicator file from here and copy-paste in your Indicator folder. Also paste files to your Include folder if not already present.
  4. In MT4 => Tools => Expert Advisor => Check all option available as shown below.
Expert Advisor

5. Go to navigator click on refresh to refresh indicator and expert advisor.

6. Now put MACD Expert Advisor on chart 

Put MACD Expert Advisor on chart

7. Change the Input Parameters as per your Requirement 

change the Input Parameters

8. Now put the MACD Indicator on the chart and Change the Parameter as per the Inputs Set in EA. 

MACD Indicator on the chart

Please note that the input parameters of EA and the indicator should be the same, or the signal generation will not match with the indicator.

Strategy Parameters

Strategy tag – use default STG1 unless trading in multiple strategies

Quantity- You Can also specify Qty in Bridge->Symbol Settings, it will override the Qty given here

Instrument – Set the instrument as per APIBridge

Magic Number- Leave at Default Value (1234567)

Slippage- Set Slippage value or Leave at Default

Volume- Lot Size

Fast EMA Period- Value of Fast EMA

Slow EMA Period- Value of Slow EMA

MACD SMA Period- Value of MACD SMA