MACD Power EA: Dual MACD Trading and Risk Controls

Summary

MACD Power is described as an expert advisor using two MACD indicators to trade forex pairs and Nasdaq stocks. The document names four-hour and daily charts as its main timeframes and says it can also be used on hourly charts. It notes that the EA acts on the opening price of a candle and recommends trying it in a demo environment.

The settings cover stop loss and take profit, money- or percentage-based exits, trailing stops, break-even rules, equity drawdown limits, and a maximum trade count. Position sizing can increase after losses through an adjustable factor, which can be disabled. The document provides configuration ranges but no entry logic, tested results, or risk-adjusted performance evidence. Its settings describe available controls rather than demonstrating that the strategy is profitable or that its loss-management features prevent large drawdowns.

Key ideas

• The EA combines two MACD indicators to generate trades in forex and Nasdaq stocks.
• The description identifies four-hour and daily charts, with hourly use also mentioned.
• Exit controls include fixed or money-based stops and targets, trailing rules, and break-even settings.
• Position size may increase after losses, but that behavior can be disabled.
• Equity stops and trade limits are available, though no performance evidence is provided.

Tags

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