(Sorry, I can’t post live links yet, not enough posts.)
NOTE: This EA seems to do better in some broker MT4 platforms then in others. The results vary from broker. The MT4 forex.com strategy tester only showed 2 losses for this EA between 9/16/09 - 9/16/10.
I found the EA by clicking on the “Help” tab within MT4, and then clicking on “MQL4 Community”, and then scrolling around and finding “MACD Sample_1.mq4” (articles.mql4.com/506)
This is not the same MACD sample that comes with MT4.
I uploaded the EA (and the mph auto optimization file) to my MT4, and did a strategy test on GBP/USD from September 16, 2009 (9/16/09) to September 16, 2010 (9/16/10).
I tested it 3 times (with a $10,000 account balance, $25,000 account balance, and $50,000 account balance).
I used forex.com MT4 strategy tester.
I had different results with different brokers.
For example, in the FXOpen MT4 strategy tester 156 trades were open for the year because hedging is allowed. But there were more losses (7 losses) as a result.
In the Forex.com MT4 strategy tester there were only 2 losses, and 48 trades were opened (hedging not allowed), but they were more profitable.
For the $10,000 account in the strategy tester I chose 1 lot ($10 per pip). It made a total of 48 trades for the year (46 wins, 2 losses).
$13,674 Gross
$10,461 net
$3213 loss (2 losses in May 2010)
If your lots were too big for your account budget at this time in May you probably would have receved a margin call.
2 lots was too much to use for the $10,000 account to survive the May losses.
For the $25,000 account I chose 3 lots ($30 per pip). It made a total of 48 trades for the year (46 wins, 2 losses).
$39,867 Gross
$30,168 net
$9699 loss (2 losses in May 2010)
For the $50,000 account I chose 6 lots ($60 per pip). It made a total of 48 trades for the year (46 wins, 2 losses).
$82,044 Gross
$62,766 net
$19,278 loss (2 losses in May 2010)
For the $500, $1000, $3000, and $5000 accounts you have to keep dropping the lots to be safe. By the time you get to the $500 account you probably shold only use 10 cents per pip (.01).
Anyway all the details of this free EA are at: articles.mql4.com/506
Once you download it you add MACD Sample_1.mq4 to your MT4 experts folder.
And add “auto_optimization_204.mqh” (codebase.mql4.com/download/2680) to your “Includes” folder within your expert advisors folder.
You will need to open you MACD Sample_1.mq4 on your computer and replace the: #include <auto_optimization.mqh>
with: #include <auto_optimization_204.mqh>
All this information is on that page (articles.mql4.com/506) so I won’t get into detail here.
I am not sure if this EA will always make so many wins. Maybe I was lucky in randomly choosing GBP/USD to test it. I tried it on a few other currency pairs but it kept getting losses.