MACD Expert Advisor Position Management and Risk Settings

Summary

This document describes a MACD-based expert advisor that opens trades when a signal appears and closes an opposing position. It also offers optional trade-management settings: close half a position after a configured profit, move a position to breakeven, and set Stop Loss or Take Profit levels. These three protections can each be turned off by setting the relevant value to zero.

Position size can be entered as a fixed lot amount or calculated as a percentage of free margin. The percentage-based method requires enabling the money-management option. The document identifies a historical EURUSD, 30-minute chart period, but gives no performance statistics or rules for the MACD signal itself. The brief description is therefore useful for understanding the advisor’s controls, but not for assessing its entry logic, profitability, or suitability across markets and periods.

Key ideas

• The advisor closes an opposing position when a new signal appears.
• It can optionally close half a position after a configured profit threshold.
• A breakeven setting and Stop Loss and Take Profit levels are available.
• Position size can be fixed or based on a percentage of free margin when money management is enabled.
• The document names a EURUSD 30-minute historical period but provides no performance evaluation.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.