Simple MACD - MetaTrader 5 Expert | MT5 EA Download - MetaTrader 5 Resources
Trade only on new bars. The trading rule is simple - on the new bar, compare the values of the main lines on bar (1) and bar (2):
If MAIN_LINE MACD (1) > MAIN_LINE MACD (2) -> Buy,
If MAIN_LINE MACD (1) < MAIN_LINE MACD (2) -> Sell.
Close all positions when receiving a signal opposite to opening a position.
This code can be seen as a test of the theory: if MACD is greater than its previous value, we can buy. As you can see, this form of theory is a complete failure. It requires additional filters and location protection.
Attachment download
📎 simple_macd.mq5 (18.76 KB)
Source: MQL5 #17425
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