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Candles and 3MACD

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The trading strategy is based on the intersection of 3 signal lines with different parameters of the MACD indicator, and at the same time, candlesticks are used to confirm the transaction. Together with the candle analysis, this trading system showed better results than the simple version of 3MACD. This Expert Advisor can analyze candlesticks on any timeframe that is specified in the settings. But the program itself is recommended to run on a 5-minute timeframe, or on a minute one, if you use accounts with a very small spread.

  • Trades automatically without human intervention;
  • Does not require a large initial deposit;
  • Does not use risky trading methods;
  • Always set a stop loss to save the deposit and independently converts it to breakeven;
  • It can work both as a fixed lot and as a percentage of free funds;
  • You can set time limits on the work of the Expert Advisor (so that it does not trade during periods of low volatility).

Important: any Expert Advisor needs to be optimized before real trading, and after some time of successful trading. Don’t forget to do this.

  • Lots – lot size (if Lots=0, then the lot will be calculated from the percentage of free funds in the account);
  • Percentage of free money – the percentage of free funds to open each new transaction, recommended from 1 to 10;
  • MaxSpread – the maximum spread for opening a trade (for accounts with a floating spread, so that the trade is opened when the spread is not too large);
  • Magic-a unique identifier (you need to make it different if several Expert Advisors are running in the same terminal);
  • MaxStopLoss – the closing price of the order when the loss level is reached;
  • MinTakeProfit – the minimum order closing price, after which the order can be closed on the signal to exit the trade;
  • MaxTakeProfit – maximum order closing price;
  • TimeframeCandle-timeframe for analyzing the candle (specified in minutes, for example, 60 is H1, 240 is H4);
  • Min high-low candle – minimum candle length to enter the trade;
  • CandlesFactor-coefficient for determining a bullish or bearish candle;
  • CountCandles – the number of candlesticks to search for a bullish or bearish pattern;
  • CandlesVolume – number of candles for volume comparison;
  • PeriodMA – period of the Moving Average indicator;
  • PeriodCCI – period of the Commodity Channel Index indicator;
  • LevelsCCI-levels of the Commodity Channel Index indicator;
  • PeriodStochastic – period of the Stochastic indicator;
  • SlowingStochastic-deceleration of the Stochastic indicator;
  • LevelsStochastic – levels of the Stochastic indicator;
  • PeriodATR – period of the Average True Range indicator;
  • MinLevelATR – minimum level of the Average True Range indicator;
  • Trading start hour – trading start hour;
  • Trading end hour – trading end hour;
  • ShowInfo – show information (slows down testing when enabled).
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