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REGISTER PARTICIPANTS Expert Momentum Ea Mt4

Discussion in 'Forex Market MQL5' started by Emma McNeill, Oct 3, 2020.

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  1. Emma McNeill

    Emma McNeill Moderator
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    #momentumea

    momentum-ea-logo-200x200-8167.png


    MOMENTUM EA is a price action swing system which does 2 things:

    • First strategy will hunt down strong price movements. It will then start opening multiple trades in the direction of that trend. The
      trades will either hit Take profit or Stop loss, or the EA will close the group of trades when it exceeds a certain profit. It is NOT a grid
      system and will only place extra trades if the momentum of the trend is continuing. If there is a reversal in the trend, it will not add
      extra trades.
    • Second strategy will try to catch these trend reversals. Also with this strategy, the EA will open multiple trades if the reversal trend is
      strong.
    Settings

    • All trades have stop loss at a safe, but not too far distant. Protecting capital is rule number 1 in trading.
    • Some trades have fixed take profit, others will use a trailing stop
    • Multiple algorithms are used for managing the closing of the trade(s)
    • Even if price doesn't reach the take profit levels, the group of open trades can still close in profit. So we don't always need the trend to
      be very strong to be profitable.
    • Proved money-management techniques, used in all my EA's.
    • This is a long term EA, which does a lot of trades, but it will not trade every day. Only when strong price movements are detected, trades
      will be opened.
    • The EA is very versatile: it can be used and optimized on multiple timeframes and for multiple pairs. More timeframes and pairs will
      become available in the future.
    • The EA uses only candle OPEN and CLOSE values, so less risk for faulty backtesting (tick data testing and 'open-prices only'
      backtesting are almost identical)
    • This EA uses pure PRICE ACTION (price movement) for entering trades. No lagging indicators are used.
    • The EA has an "automatic settings loading" system build in, so it will automatically select the best settings for the pair and
      timeframe.
    • The EA is very limited influenced by spread or slippage, so it is safe to run in almost all market conditions and trade-account types.
    • The EA can do a lot of trades, so it is also very interesting to use it for rebates!
    Parameters

    • EA SETUP PARAMETERS: here you can set the basic settings, like which pairs to run and which strategies to use
    • LOTSIZE SETTINGS: here you can determine how lotsize will be calculated
    • PARAMETERS: here you can set all individual parameters when not using automatic settings
    • STRATEGY A entry parameters: here you can set the entry conditions for Strategy A
    • STRATEGY B entry parameters: here you can set the entry conditions for Strategy B
    • GENERAL ENTRY PARAMETERS: here you can set the overall entry conditions
    • GENERAL EXIT PARAMETERS: here you can set the overall exit conditions
    • GAP FILTER: here you can activate the GAP filter
    • TRADE TIME SETTINGS: here you can choose which hours to trade
    • You are not allowed to view links. Register or LoginThe
      full manual can be downloaded here
      <
    Recommended pairs and timeframes

    • M1: EURUSD and GBPUSD,
    • M5: EURUSD, GBPUSD, USDCHF, EURGBP, AUDUSD, USDJPY, EURJPY, GBPJPY, EURAUD, NZDUSD, EURCAD, USDCAD, AUDJPY and XAUUSD
    • M15: EURUSD, GBPUSD, USDCHF, USDCAD, USDJPY, EURJPY, GBPJPY, AUDUSD, NZDUSD, EURAUD, EURCAD, EURGBP, AUDJPY and XAUUSD
    • M30: EURUSD, GBPUSD, USDCHF, USDCAD, USDJPY, EURJPY, GBPJPY, AUDUSD, NZDUSD, EURAUD, EURCAD, EURGBP, AUDJPY and XAUUSD
    • H1: EURUSD, GBPUSD, USDCHF, USDCAD, USDJPY, EURJPY, GBPJPY, AUDUSD, NZDUSD, EURAUD, EURCAD, EURGBP, AUDJPY and XAUUSD
    Since the EA can open a lot of trades, it is recommended to use an account with a high leverage (1:500 is recommended); or you can use a bigger
    account balance, or use a cent account.

    Try the demo now!

    Never
    forget that past performance is no guarantee for the future


    momentum-ea-screen-5705.png momentum-ea-screen-5539.png momentum-ea-screen-9638.png momentum-ea-screen-1271.png momentum-ea-screen-2413.png

     

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