The expert advisor MACD Pattern is a special automated trading system designed to operate on the basis of six different patterns of MACD. For this reason it is a complex expert advisor which uses dozens of input parameters of various types. This EA calculate the stop loss and take profit levels based on previous bars and makes the closing of open positions in fractional way.
Traders who have evaluated this EA claim that it is long-term profitable and that the best results are obtained in the EUR/USD with a time frame of 4 hours as it was created specifically for this combination. However, as with any EA is recommended to evaluate it in a demo account before using real money to trade in the market.
- In 4 hours charts on the EUR/USD, this EA opens a position every two days on average.
- It uses variable stop loss and take profit levels.
- The average profit is 90 pips.
Below are the parameters and results for this EA:
- Stop Loss: Variable.
- Take Profit: Variable.
- Currency Pairs: All.
- Time Frames: All.
- Best results: EUR / USD with a time frame of 4 hours.
- Percentage Gain: 81%.
- Maximum Drawdown: 28%.
Note: Not recommended for use with an ECN broker.