Emagic - MetaTrader 4 Expert | Forex Indicators Download - MT4/MT5 Resources

One of my first proper EA and work in progress :P

An EA to open positions based on customizable MACD signals and EMA Close/EMA Open cross directions

I include money management or fixed lot size

If you choose Money Management, you can select a maximum and minimum lot size - I included this because when I was testing, I didn't want to be stopped out if my broker didn't support a certain lot size. atm I'm using a micro lot account, max 0.5 lots and 4 digits. I've tried making it compatible with 5 digit accounts. The only problem is the risk percentage for a 5 digit account, you have to write 0.3 to get 3% risk.

I have customized all indicators for testing.

Mail can be enabled or disabled. When enabled, it will send you an email when an order is opened.

I've found good results on 4 hour EUR/USD with stops of 40/50 pips, I use a trailing stop of 11 pips simply because that's the smallest stable ts I can do with my broker - they support 8 pips, but in fast moving markets it can fail.

I've included a magic number, but frankly I haven't tested it properly yet.

atm I'm testing it forward on a real micro account.

Hope you like it and feel free to give feedback here :P

Attachment download

📎 Emagic1_161.mq4 (10.26 KB)

Source: MQL5 #10706