The MACD RA is an expert advisor that is currently found on on the QUIVOfx website, there are a few expert advisors by this name, so to make sure you understand which one we are talking about, we have linked the expert advisor below. The current version on this expert advisor is v1.06 for the basic and advanced version and v1.07 for the pro version.
Overview
The MACD expert advisor is designed to use moving average convergence and divergence in order to enter a trade. The expert advisor currently uses four different strategies.
Normal MACD: This will open up a trade once the signal line breaks through the MACD histogram and both are below (or above) the zero lines.
MACD Line Crosses Zero: Will open a buy position when the MACD line crosses the zero line from above.
Signal Line Crosses Zero: Will open a buy position if the signal line crosses the zero line from above
Super MACD: If the past three bars of the histogram are red and below zero, if a blue bar is opened then the EA will open up a trade (opposite for sells).
The expert advisor only works with MetaTrader 4 and is not compatible with any other trading platform, the different versions (basic, advanced, and pro) come with slightly different features.
The basic version comes with a money management system, the ability to trade on a new bar, and an inverse strategy.
The advanced version comes with everything tat the basic version does, as well as the ability to use a trailing stop, a break-even system, spread filters, an MA trend filter, and the ability to select how many trades per bar.
The Pro version comes with everything that the basic and advanced versions do as well as an exit strategy, the martingale strategy, candle trail, ATR trails, a day/time filter, the ability to reverse on opposite signals, and a trade direction feature.
There aren’t any results posted on the site about this expert advisor.
Service Cost
The basic version of this expert advisor is free, and so can be used as a demo to test out the functions, the advanced version currently costs CHF 29.90 while the pro version currently costs CHF 39.90, there isn’t a demo version of the advanced or pro versions available.
Conclusion
There aren’t any written reviews available for this expert advisor, there is a rating system available, the expert advisor currently has an overall rating of 3.9/5 with 151 ratings, this isn’t a terrible score and shows that the expert advisor is certainly working for some users.
This Forex Indicator is currently available at: https://quivofx.com/expert-advisor/macd-ea
