FX5 MACD Divergence EA

[lovebliss]

Could any friends who happen to have the famous FX5 MACD Divergence EA share with us. It looks pretty decent from using the indi itself. Thanks in advance!

 

http://www.tradingsystemforex.com/expert-advisors-backtesting/3726-fx5-macd-divergence-ea.html

[pro]

unfortunately this funyoo guy curve fits like hell all the shown EAs there in the elite section to make them looking good and attract new paying customers..

 

worthless when it comes to real trading

[JasonKwok]

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.

http://www.4shared.com/file/WTlaHAVt/FX5_MACD_Divergence_EA_v101.html

[lovebliss]

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.