(Back-test performed on 60 min EURUSD from 1-1-2011 to 1-1-2012)
This robot would make a great gag gift for someone.
With a little bit of modernization, including adding a trade trigger and getting MACD readings from a higher time frame than the robot is run on, this updated version yields some positive results:
(Back-test performed on 60 min EURUSD from 1-1-2011 to 1-1-2012)
$971 profit, 68% win rate, averaging 4 wins to 2 losses.
Unfortunately, it only seems to return positive results on EURUSD, and also seems quite sensitive to settings changes. Any slight alteration to the code and this robot performed poorly again.