MACD Blaster Forex Expert Advisor For Metatrader 4
The MACD Blaster MT4 Robot is based on the highly popular MACD indicator and will be appreciated by all traders due to its simplicity and profitability.
It is essentially a Forex robot that performs remarkably well when plugged into a trending and sideways currency market.
The Forex robot uses a MACD divergence based trading strategy to scan the market for trading opportunities while the trader sits back and watches.
MACD Blaster does not lag in its decision-making process since it’s based on a price action technique.
The expert advisor also scans for bullish and bearish price momentum in a bid to identify most suitable entry and exit points.
Interestingly, traders who also engage in trading stocks, bonds and commodities can deploy this robot effectively.
The EA made a $35685.62 profit on the GBP/JPY pair 5-minute chart from an initial deposit of $100000.
Feel free to tryout the robot on any MT4 trading instrument of your preference.
Default EA settings:
Profit Made: 3.0, loss limit: 20.0, b distance: 3.0, b period: 4, deviation: 2, lots: 1.0, lot increase: true.
The default EA settings can be modified directly by editing the source code or changing the Forex robot’s input values.
It’s highly advised to test the MACD Blaster EA for MT4 on a demo account first before running it on a real Forex account.
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Strategy Tester Performance Report
Find below the strategy tester performance report for the MACD Blaster expert advisor attached to the GBP/JPY 5-minute trading chart.
Strategy Tester Performance Highlights
The MACD Blaster robot made a total profit of $35685.62 ($100000 initial deposit) from 750 trades during the initial testing period.
The largest winning trade generated $3353.27 in profit, while the largest losing trade lost -$1684.16.
See the test results report above for all details.
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Adjustable Parameters & Inputs
Profit Made, loss limit, b distance, b period, deviation, lots, lot increase.
More Info About This Expert Advisor
Recommended Currency pairs: Majors & Minors + other MT4 instruments
Trading Platform: MT4
Time frames: 5M – D1
Expert Advisor Type: trend
Copy and paste the expert advisor in the MT4 experts data folder.
Then restart the MT4 terminal and attach it to any chart.