The FREE GBPUSD MACD EA for MT4 & MT5 is a trading robot designed for the GBP/USD currency pair. It incorporates a trend-following strategy based on the MACD (Moving Average Convergence Divergence), Moving Average, and Momentum indicators. The FREE MACD trading robot executes trades based on a combination of trend direction and momentum confirmation. Here is overview of the strategy and the key input parameters:
- Entry Volume (Lot Size): 1.00 lot
- Stop Loss: 85 pips
- Take Profit: 75 pips
- Indicators Used:
- MACD: The MT4 & MT5 MACD EA identifies trend direction and momentum strength by using the MACD line, which is derived from the Fast EMA and Slow EMA. The MACD SMA acts as the signal line for crossover-based entry decisions.
- Fast EMA: 16
- Slow EMA: 26
- Signal Line SMA: 9
- Moving Average: The MACD EA for MT4 & MT5 integrates a simple moving average (SMA) to confirm the overall market trend. This helps in filtering trades that align with the broader trend direction.
- Period: 36
- Shift: 0
- Momentum Indicator: To ensure strong price action, the MACD EA for MT4 & MT5 applies a Momentum Indicator. The Momentum level serves as a threshold, allowing trades only when momentum confirms sufficient strength in the trend.
- Period: 51
- Level: 100.85
- MACD: The MT4 & MT5 MACD EA identifies trend direction and momentum strength by using the MACD line, which is derived from the Fast EMA and Slow EMA. The MACD SMA acts as the signal line for crossover-based entry decisions.
For instructions, you can download our Free Expert Advisors Startup Guide before trading with the robots.
Disclaimer: This MACD EA for MT4 & MT5 is for educational purposes and is free to download. Get the FREE MACD Trading Robot and test it on a Demo account. Traders should regularly monitor the performance to ensure it aligns with expectations. 