Expert Advisor Based on MACD Patterns

Another MetaTrader expert advisor was added to my site today — MACD Pattern. It’s based on the MACD patterns (Moving Average Convergence/Divergence), specifically for EUR/USD H4 chart. It shows quite interesting back-test results but, unfortunately, has also two major problems. First, it has more than 27% maximum relative drawdown (that’s more than $6,000 drop during one moment). Second, it doesn’t explicitly control bar opening and uses stop-loss and take-profit levels, which means that the backtests aren’t very accurate and the resulting data should be treated very skeptically. But 60% profit over the course of less than 19 months is quite nice. Here you can see the test results graph (click to enlarge):

A strong drawdown can be seen close to the end of the test — its reason is unknown to me, but I guess it’s tolerable.
You can also view the complete testing report. Go directly to MACD Pattern page to download this EA or get more information about it. If you don’t like MACD Pattern, you can check other MetaTrader expert advisors.
If you have any questions or some interesting thoughts regarding MACD Pattern expert advisor, please feel free to reply using the form below.