Mastering the MACD 1-Minute Scalper for MetaTrader 4

If you're looking to up your trading game, the MACD 1-Minute Scalper might just be the tool you need. This system utilizes two moving averages along with the MACD indicator on a 1-minute time frame, featuring a trailing stop loss and take profit settings. It's been known to perform particularly well on major forex pairs and NASDAQ stocks.

Getting Started

Before diving in, here are a few tips to consider:

• Test it out on a demo account first. This is crucial to understand how it works without risking your capital.
• This EA trades only based on the open price of each candle. Keep that in mind when analyzing your results.
• If you prefer not to increase your lot size after a loss, adjust the setting: IncreaseFactor=0.

Input Settings Overview

• Use_TP_In_Money: Activate take profit in monetary values (true/false).
• TP_In_Money: Set take profit in money (values: 10-100).
• Use_TP_In_Percent: Activate take profit in percentage (true/false).
• TP_In_Percent: Set take profit in percentage (values: 10-100).
• Enable_Trailing: Activate trailing stops (true/false).
• Take Profit In Money: Define your take profit in current currency (values: 25-200).
• Stop Loss In Money: Set your stop loss in current currency (values: 1-20).
• Exit: Close trades if the trend reverses against you (true/false).
• Lots: Define your lot size (values: 0.01-1).
• IncreaseFactor: Determine how much to increase lot sizes after a loss (values: 0.001-0.1).
• Stop_Loss: Set your stop loss (values: 30-500).
• MagicNumber: Assign a magic number for trade identification (values: 1-100000).
• TakeProfit: Define your take profit (values: 50-200).
• FastMA: Set the fast moving average (values: 1-20).
• SlowMA: Set the slow moving average (values: 50-200).
• Mom_Sell: Set the momentum sell trigger (values: 0.1-0.9).
• Mom_Buy: Set the momentum buy trigger (values: 0.1-0.9).
• UseEquityStop: Activate equity stop (true).
• TotalEquityRisk: Define your total equity risk (values: 0.01-20).
• Max_Trades: Set the maximum number of trades (1-12).
• FractalNum: Number of high and low points to consider (values: 1-10).

Final Thoughts

As a reminder, it's essential to optimize this EA every few months using the input values mentioned above. You can utilize it as either a hedging grid EA or for single trades.

Want to learn how to backtest? Check out this guide.