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Mastering MACD Stochastic: Your Go-To Trading Expert for MetaTrader 5

Mike • 2017-11-03 21:39
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The brains behind this strategy: Firmin, with the coding skills of barabashkakvn.

This Expert Advisor (EA) leverages the power of two key indicators: the iMACD (Moving Average Convergence/Divergence) and the iStochastic (Stochastic Oscillator). It’s designed to open only one position per bar while analyzing three different time frames to pinpoint the best entry points.

Input Parameters

  • MACD: Fast Average Period - This is your fast moving average period.
  • MACD: Slow Average Period - This indicates your slow moving average period.
  • MACD: Difference Averaging Period - The period used for averaging the MACD difference.
  • Enable Stochastic - Toggle to enable or disable the Stochastic indicator.
  • Number of Bars for Stochastic - The count of bars used to calculate the Stochastic signal.
  • STO: K-Period - The number of bars for the K calculation.
  • STO: D-Period - The period for the first smoothing of the Stochastic indicator.
  • STO: Final Smoothing - The last step in smoothing the Stochastic indicator.
  • STO: Smoothing Type - Choose your preferred smoothing method.
  • STO: Calculation Method - Method for calculating the Stochastic indicator.
  • Lots - Volume of the position to be opened.
  • Stop Loss (in pips) - Set your Stop Loss value here.
  • Take Profit (in pips) - Define your Take Profit target.
  • Trailing Stop (in pips) - Set your trailing stop distance.
  • Trailing Step (in pips) - The step value for the trailing stop.
  • Max Positions - Limit the maximum number of open positions.
  • No Loss Stop (in pips) - Specify your breakeven level.
  • Min Distance for Breakeven (in pips) - The minimum distance from the price to set the breakeven point.
  • Start Time #1 (HH:MM format) - Define the start time for period #1.
  • End Time #1 (HH:MM format) - Define the end time for period #1.
  • Start Time #2 (HH:MM format) - Define the start time for period #2.
  • End Time #2 (HH:MM format) - Define the end time for period #2.
  • Start Time #3 (HH:MM format) - Define the start time for period #3.
  • End Time #3 (HH:MM format) - Define the end time for period #3.

Here are the testing results across various currency pairs from March 6, 2017, to October 8, 2017:

Currency Pair Pass Count Result Total Profit Expected Payoff Profit Factor Recovery Factor Sharpe Ratio Custom Metric Max Drawdown % Trade Count
GBPJPY 19 11,120.25 1,120.25 28.01 1.86 2.96 0.31 0 3.70 40
EURAUD 13 11,070.28 1,070.28 22.30 1.84 2.29 0.31 0 4.64 48
CHFJPY 11 10,819.40 819.40 16.39 1.44 1.11 0.18 0 7.19 50
GBPCHF 18 10,661.42 661.42 21.34 1.54 1.39 0.22 0 4.60 31
EURJPY 15 10,602.62 602.62 13.70 1.35 1.28 0.14 0 4.61 44
NZDUSD 0 10,540.46 540.46 16.89 1.39 1.03 0.17 0 5.01 32

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