• MACD trend: We consider MACD histogram only. Histogram bar must close below the zero value for short entry or above the zero value for long entry. Histogram bar must be larger than previous histogram bar (in direction of momentum and trend).
• MACD signal: Complete conservative MACD signal, considering also the signal line.

Short entry: MACD histogram must close above zero. Last closed histogram bar must close lower than previous histogram bar. Histogram bar closing below MACD signal line.

Long entry: MACD histogram must close below zero. Last closed histogram bar must close higher than previous histogram bar. Histogram bar closing above MACD signal line.

High/ low price signal based on full MACD correction timing.

• MACD closing module: Current trade will be closed once opposite MACD signal occurs.
• Universal trailing stop (Extra deviation for the trail stop). TS is adjusted after each candle close. Placed below last low for long orders and placed above last high for short orders. Extra deviation can be applied to put TS further away from the entry. This step increases our chances to successfully follow longer term trend. TS will be adjusted with each consecutive candle close, only in the direction of winning trade.
• Signal candle: Candle with defined body range (min/max) closing in the direction of trend (defined by filter). Candle must surpass previous candle low/high in the direction of trend.
• Volumes: Volume value of signal candle (breakout candle) must be larger than on previous candle.
• Take profit points: Target profit in point. 0 value will disable TP. Modify this value to use this expert advisor for scalping/trend following.
• MAX number of trades (1 in test): Expert advisor can work with more than one trade opened per side. This parameter will modify number of trades that can be opened per side at the same time.
• Magic number buy/sell: Change this number when using more than one MT4 expert advisor per currency pair.
• MAX slippage:
• Spread filter:
• Lot size:

Rules of the expert advisor

SELL

1. MACD trend histogram closing below zero. Last closed histogram bar closing below previous histogram bar.
2. MACD signal histogram bar closing above zero, lower than previous bar. MACD histogram closing below the signal line.
3. Signal candle closing below the low of previous candle. Volume on signal candle is larger than on previous candle. Body of signal candle meets criteria for minimum/max size.
4. We enter the trade short on signal candle close (new candle open).
5. We place TS on last closed candle high + extra deviation above.
6. Closing the trade: We close the position once opposite MACD signal occurs, with trailing stop or TP.

BUY

1. MACD trend histogram closing above zero. Last closed histogram bar closing above previous histogram bar.
2. MACD histogram bar closing below zero, higher than previous bar. MACD histogram closing above the signal line.
3. Signal candle closing above the high of previous candle. Volume on signal candle is larger than on previous candle. Body of signal candle meets criteria for minimum/max size.
4. We enter the trade long on signal candle close (new candle open).
5. We place TS on last closed candle low - extra deviation below.
6. Closing the trade: We close the position once opposite MACD signal occurs, with trailing stop or TP.

Test Results (Tick EURUSD 1H, 2003.01.01 - 2016.11.24)

Expert advisor is based on transparent and fully tested forex strategy.

Original and transparent MT4 expert advisor. Developed and created by professional FOREX traders at kingsraid.wiki . Tested for profitability on EURUSD tick data since 2003. Thousands of viable input combinations available for EURUSD alone. Works with any timeframe and any FX pair.

Main features of this expert advisor:

• Tested on high quality tick data: High accuracy testing on EURUSD tick data (1H). 100+ Viable inputs combinations for EURUSD pair alone.
• All inputs unlocked: You can adjust and modify your expert inputs. It can be then applied on any time frame and any currency pair. You can modify the settings at will to achieve the best possible results and make the expert suit your needs.
• Transparent expert advisor: No smoke and mirrors. Rules are clearly stated and functionality can be easily verified by manual charting on forward or historical data.
• Works with most of the MT4 Forex brokers: Our expert advisors were adjusted to work with almost any MT4 FOREX broker.
• Works with any time frame: Simply drag and drop the expert on time frames you would like to use.
• Works on any currency pair
• Expert advisor will not draw any indicators in your chart.

Disclaimer and user agreement:

Expert advisor was tested for profitability on historical data. All screen shots provided are displaying real results of the test. However past data will never guarantee future success. Every expert advisor needs to be tested properly on demo account. LIVE use only on your own risk. Read full disclaimer. TheForexKings Team does not give any financial advice. TheForexKings does not take any responsibility for any user’s investments and investment decisions. All rights reserved. Strictly for personal use.