The LY LongerTerm Expert Advisor is long-term auto trader based on MACD indicator. Work on H1 or H4 period. Trade through the specific signal of the oscillator. If you are a long-term trend trader, you'll like it.

• It trades EURUSD, GBPUSD.
• If your broker's spreads are higher, it does not have a great impact on profits.
• It makes around 85% winning trades.
• It can get better effect in the medium-term market volatility.
• Maximal drawdown over half a year testing period less than 30%.

Indicator parameters

• MACD_FastEMA - MACD Fast Parameter.
• MACD_SlowEMA - MACD Slow Parameter.
• MACD_Filter - MACD Indicator Threshold.
• MA1MA2 - Moving Average Period Parameter for the first close order signal.
• MA3MA4 - Moving Average Period Parameter for the second close order signal.
• StopLossBars - Bars for stoploss price calculation.
• TakeProfitBars - Bars for takeprofit price calculation.
• AutoMM - Auto money management switch.
• Risk - Percentage of free margin used for trading when AutoMM enabled.
• fixLots - Fixed lots for trading when AutoMM disabled.
• LSComments - EA comment.
• LSMagic - EA Magic Number.

Trading

The Expert Advisor is suitable for long-term trend trading. It may not to trade during quite a long period of time, because it did not find suitable trading signals. Please be patient. If you want to improve the transaction frequency, you can modify the EA parameters, and testing, I suggest the time period is not less than H1.

Backtesting

Please backtest on H1 or H4 period. The Expert Advisor uses whole bars. So, you can backtest in "Open Prices only" mode, to improve the test efficiency, the test results are very close to the "Every tick" model. If you get good results in the test, it can stable working in really market.