MACD Expert Advisor with Fixed Stop Loss and Take Profit

Summary

This brief description outlines an Expert Advisor that uses the MACD indicator to open trades. It is presented as usable across symbols and compatible with brokers quoting prices to either five or four decimal places.

Trade exits use fixed stop-loss and take-profit distances. The configurable inputs include position size, those exit distances, a maximum spread filter, and a magic number for identifying the advisor’s trades. The document does not state the MACD settings, exact entry conditions, direction rules, or how positions are managed after entry. It also gives no backtest or live results, so it describes the EA’s basic components without establishing how well the approach performs.

Key ideas

• The advisor uses MACD to generate trade entries.
• It uses fixed stop-loss and take-profit distances for exits.
• Position size and maximum spread are configurable inputs.
• The description does not specify MACD settings or provide performance evidence.

Tags

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