Gordago EA

MACD EAs, MT5 EAs, Stochastic EAs
Gordago Robot for MT5
Gordago EA for MT5
Gordago EA Results for MT5
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Description

The EA based on iMACD (Moving Average Convergence/Divergence, MACD) and iStochastic (Stochastic Oscillator). The robot works only when a new bar appears, while trailing works on each tick.

EA features:

  • specify a working timeframe (Work timeframe) – main timeframe used to define the moment a new bar emerges
  • specify MACD indicator timeframe (MACD: timeframe)
  • specify Stochastic indicator timeframe (Stochastic: timeframe)
  • specify various stop loss and take profit for BUY and SELL positions

When defining a trading signal, Stochastic is additionally checked for levels: 

  • for a BUY signal, Stochastic indicator on bar #0 should be less than Stochastic level BUY
  • for a SELL signal, Stochastic indicator on bar #0 should exceed Stochastic level SELL

Full equation of BUY signals:

(MACD #0 > MACD #1) AND (MACD #1 < 0.0) AND (Stochastic #0 < Stochastic level BUY) AND (Stochastic #0 > Stochastic #1)

Full equation of SELL signals:

(MACD #0 < MACD #1) AND (MACD #1 > 0.0) AND (Stochastic #0 > Stochastic level SELL) AND (Stochastic #0 < Stochastic #1)

You may use OHLC mode for faster optimization, although make sure to test in “Every tick” or “Every tick based on real ticks” mode after that.