MQL4 TUTORIAL – SIMPLE MACD EXPERT ADVISOR

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This video, we are talking about the MACD indicator. The MACD is a very popular indicator. Actually, it’s an oscillator. The MACD is shown in a separate indicator window below the candles. And whenever it crosses the zero line here, that would be a signal change. Now it says it’s going up because we are above the zero line and it says it’s going down when it crosses the line. Okay, how can we create an Expert Advisor that is able to output the MACD value and the signal directly on our chart? To do that, please click the little button here or press F4 on your keyboard. Now you should see the Metaeditor window. Here you want to click on File, New, Expert Advisor from Template, Continue. I will call this file Simple MACD, click on continue, continue and finish. Now we can remove everything above the on tick function here. Let’s also delete the two comment lines. The first thing we need is a string variable for the signal. Let’s create that. We don’t assign any value here because we are going to calculate the value later on. Let’s define the MACD that is done by using the IMACD function that comes with MQL4.

It looks very complicated here, but if you mark it and press the F1 key, you will see that each of the parameters has a special meaning. For example, the first parameter here is for the currently selected symbol on the chart. The second parameter is for the time frame. In our case, we use null and a zero. The currently selected chart for the Australian dollar against the Canadian dollar. And you see it shows M1 here. That’s a 1 minute chart. And the zero stands for pick the time frame that is currently running on the chart. In our case, 1 minute. We have a 12, a 26, and a 9 here. That’s also what you see here in the indicator window. And when you right click on the MACD indicator and select properties, you will see that the fast exponential moving average uses a value of 12. The slow exponential moving average has a value of 26. The MACD SMA, that is the simple moving average, has a value of 9. So 12, 26 and 9 are just the standard parameters. Here we have price, underscore, close and mode, underscore, main. Price, underscore, close stands for apply to the close price.

Mode, underscore, main is the indicator line index. Mode, underscore, main equals a value of zero and that’s for the base indicator line. The last parameter here is for a shift value, you could output the signal, shift it to the right or to the left. We don’t do that. So the last parameter in our case is zero. Now we want to check if the MACD is above zero. In MQL4, we check if Macd is greater than zero. And if that is the case, we assign the words it is going up to our signal. In the other case, if it is below zero or in MQL4, if Macd is less than zero, we would assign the words it is going down to our signal. And finally, we create a chart output by using the comment function that comes with MQL4, and it will show the words Macd followed by the calculated value of the Macd and in a new line, the word signal followed by the calculated signal. Okay, that’s it. Let’s click on the compile button here or press F7 on your keyboard, and that’s it. That worked without any errors and without any warnings.

So now you can click here or hit F4 to go back to Metatrader. Let’s click on insert indicators, oscillators, MACD. Leave the default values as they are. Click on okay. Now the MACD indicator window should show up below the candle chart. When you right click in the chart, select template, save template and save it as tester.tpl. That tester tpl template will be used in your next back test. Let’s click on it. Click on View, Strategy Tester or press CTRL and R to bring up the Strategy Tester panel. And here we want to select the file SimpleMACD. Ex4. Please enable the visual mode option here and start your test. And here we go. The MACD is shown below the candles. We have a calculated value here and it says it’s going up or it’s going down depending on the value of the MACD indicator. Okay, in this little video you have learned how to calculate the MACD indicator value and you have coded it yourself with just a few lines of MQL4 code.

When the MACD Crosses the Zero Line, MQL4 TUTORIAL – SIMPLE MACD EXPERT ADVISOR.

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So attempt MACD on your charts and see the difference. This article was composed at around midnight, March 24, 2006. But if you trade patterns, luck is not required. For me, my markets of option are forex & equity indices.

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Take a look at the optimum drawdown the system produced so far, and double it. Some traders carry out numerous trades and make revenues with ease. Scalpers who trade for seconds, day traders who open and close their trades in one session.

Although hindsight is 20/20, there’s still a lot to be discovered by looking back at Forex trading. This article was written at around midnight, March 24, 2006. By the time you read this the trading activity which we’re going over will have already taken location.

A Macd Trading divergence on a timespan five times greater than your amount of time is tough to get rid of and it can feel like a battle attempting to trade against it.

Able To Detect Pattern – Like what I have actually pointed out in my ebook, ‘Pattern is your buddy in forex trading’. Lots of people do not earn money consistently in forex since they might not know when is the ending and beginning of a trend without utilizing forex system trading. A technical Macd Trading signals system ought to have some indicators like moving average(MA), moving typical convergence divergence(MACD) to assist spot trendiness.

This simply goes to reveal you that different trading designs exist, and numerous of them work. It’s just a matter of finding what makes one of the most sense to you.

4) Trading Schedule. When do you plan to trade? When will you accept brand-new entries or exits? Exists a point when all trades will be closed? Certain times of day are much better than others depending on the Macd Trading Crossover system you are planning. A schedule also helps you manage your life and put your priorities in appropriate order.

Worries we have actually not faced or embraced. * Hurt sensations that either are not acknowledged or resolved. * Blocks or blockages that keep us from attaining our objectives, developing, or establishing self-confidence. * Lost dreams due to overwhelm. * Feelings of isolation. * Aggravation * Negativeness and judgments. * Not able to focus.

MACD is among the most postponed indications certainly but it is various from all the other indications. Because I found the power of MACD, I never removed it from my charts. MACD is a great indicator and if you consult with it in your trades, you earn less mistakes.

The swing trading method is perfect of those starting at forex without the time (or basic not interested) in being in front of a screen throughout the day, every day. There are 4 kinds of foreign currency trader. Scalpers who trade for seconds, day traders who open and close their trades in one session. Swing traders leave a trade open for days and after that position traders, the long term traders, who open a trade for weeks. Utilizing swing trading you have the ideal balance, it is practical for those short on time and with out the border (or needed persistence) of a position trader.

That is why securing earnings is so so important. A lot of traders use those to define levels for defining where to buy or sell a specific security. Many stocks have a consistent pattern of up and down motions.

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