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FX5 MACD Divergence EA


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Agreed with PRO.

 

Even the indicator was lagging because it was programmed to look for peak and trough of the MACD indicator and then compare to the price for divergence. Trade signal came late for live trading. It should be coded using price and then checking the MACD for divergence.

 

Anyway, since requested, here is the EA.

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Many thanks JasonKwok for your kindness and insight! You and Pro are absolutely correct. In light of what you said, I think .v3 does a better job. For the sake of sharing experience, however, I still find this EA useful if one only limits the signals in accord with the trend. Welcome any other inputs that may help to maximize its potential and toward building more intelligent EAs in future.

 

Agreed with PRO.

 

Even the indicator was lagging because it was programmed to look for peak and trough of the MACD indicator and then compare to the price for divergence. Trade signal came late for live trading. It should be coded using price and then checking the MACD for divergence.

 

Anyway, since requested, here is the EA.

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