MAMACD - MetaTrader 5 Expert | Forex Indicators Download - MT4/MT5 Resources
Author of the idea : Yuri , author of the mq5 code : Barabashkakon .
The two main iMA (Moving Average, MA) indicators with periods 85 and 75 are calculated using the lowest price, and the third iMA (Moving Average, MA) indicator with period 5 is calculated based on closing prices.
Open a position when the fast iMA (moving average, MA) with period 5 crosses the two slow iMAs. Another factor is that the MACD is above zero, indicating bullish trading or its growth.
Visual trading requires two MAs. Depending on currency volatility, use a small take profit of 15-20 pips. Some might say that this amount is too small. But if you trade multiple currency pairs in large quantities, the results can be very good. The 10-15 pip stop loss is rarely hit.
Test results for the M15 time period last year (January 1, 2017 to October 31, 2017):
Only USDJPY posted positive results.
Test results in the first half of last year (January 1, 2017 to October 31, 2017):
Attachment download
📎 mamacd.mq5 (33.6 KB)
Source: MQL5 #19334
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