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Momentum Trader

The momentum trader uses an array of well established principles in Forex trading to open and close intraday positions.

It performs approximately the following steps to  generate a signal:

  • Draw support and resistance on current timeframe. Is used to determine whether we are currently trading in a range or in a breakout scenario.
  • MACD is used to indicate the current Trend
  • RSI is used to determine overbought and oversold conditions.

There are a few things to note about the operation of the Expert:

  • The Expert will never open more than one trade per Symbol at a time. It will only operate on the Symbol and Timeframe you have attached it to
  • It is shipped with parameters optimized on EUR/USD H1. While it is possible to use the Expert in different symbols and timeframes you should perform your research before doing so.
  • The Expert does not set S/L levels but manages open trades on a Tick-by-Tick basis. Thus you should run it on a server that is running 24/5. 
  • Trades are usually closed in less than an hour, but could stay open for more than a day depending on market conditions. 
  • The returns of the Expert Advisor are lumpy. That means most trades are small losses but there are enough smaller wins to make up for that. So dont panic if you start out with a few small losses. Perform a simulator run to get a feel for this.

There are three parameters you should modify manually:

  • lots: Lot size to use per trade
  • allow_open: Whether to allow opening new trades
  • allow_close: Whether to allow closing trades

better leave the rest untouched. You can get your own set for the other parameters by optimizing. However the default parameters should work fine for EUR/USD H1.

By using the Momentum Trader you get:

  • A Robust Expert Advisor which is trading by established principles
  • An adaptive tool which you can tweak to work on other timeframes and symbols
  • Long term support and development

I am dedicated to deliver further improvements on the Momentum Trader. That includes UI improvements and further improving the indicators used.

If you have any idea in particular just send me a message.


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Startaktion: 30% RABATT! Es sind nur noch 3 Verkäufe übrig, um zum aktuellen Preis zu kaufen. Nächster Preis: $1033 Erhalte kostenlos den US30 Scalper EA und den Quantum Algo EA -> kontaktiere mich nach dem Kauf Live signal:  https://www.mql5.com/en/signals/2220190?source=Site+Profile+Seller Prop Signal:  https://www.mql5.com/en/signals/2223219?source=Site+Signals+Profile+From+Author MT5:  https://www.mql5.com/en/market/product/116010?source=Site+Market+Product+Page Handelshistorie nach Bestehe
Gold Garden MT4
Chen Jia Qi
5 (4)
Deep Learning gestaltet den Goldhandel neu, und intelligente Assistenten pflegen den Handelsgarten wie Gärtner. Der "Gold Garden" EA verwendet intelligente Deep-Learning-Technologie und 20 Jahre Datentraining, um die Leistung der Strategie erheblich zu verbessern. Mit ihm wird der Handel einfacher und intelligenter. Lassen Sie uns gemeinsam das Zeitalter der Intelligenz einleiten und den Handel in einen Garten des Glücks verwandeln. Dies wird Ihr exklusiver Gold Garden Steward sein. Die MT5-Vers
AI Nodiurnal EA ist ein fortschrittlicher Forex-Roboter, der modernste maschinelle Lerntechnologie nutzt, um Handelsstrategien zu optimieren und die Leistung auf dem dynamischen Devisenmarkt zu verbessern. Der Begriff "Nodiurnal" spiegelt seine Fähigkeit wider, sich anzupassen und nicht nur während der üblichen Tageshandelszeiten, sondern auch während nicht standardmäßiger Zeiträume zu operieren, und bietet somit einen kontinuierlichen und adaptiven Ansatz für den Devisenhandel. Einstellungen: S
Fenghuang Rig EA MT4
Sof'ia Vlasova
5 (1)
Fenghuang EA utilizes clustering principles in machine learning to analyze data, identifying groups of objects or events with similar features or relationships. It uncovers hidden patterns and categorizes objects by similarities, aiding in the discovery of causal relationships. The EA allows for in-depth data analysis, highlighting significant relationships without risky techniques like martingale, netting, or scalping, making it compatible with various brokerage environments. Read more about t
Daytrade Pro Algo
Profalgo Limited
5 (6)
Aktion starten: Begrenzte Anzahl von Exemplaren zum Tagespreis erhältlich Endpreis: 990 $ NEU: Erhalte 1 EA gratis!   (für 2 Handelskonten) Ultimate Combo Deal   ->   click here LIVE RESULTS:   https://www.mql5.com/en/signals/1949810 JOIN PUBLIC GROUP:   Click here Set Files Willkommen bei DayTrade Pro Algo!   Nachdem ich jahrelang die Märkte studiert und verschiedene Strategien programmiert habe, habe ich einen Algorithmus gefunden, der alles hat, was ein gutes Handelssystem braucht: Es is
Bitcoin Robot MT4
Marzena Maria Szmit
5 (8)
The Bitcoin Robot  MT4 is engineered to execute Bitcoin trades with unparalleled   efficiency and precision . Developed by a team of experienced traders and developers, our   Bitcoin Robot   employs a sophisticated algorithmic approach (price action, trend as well as two personalized indicators) to analyze market and execute trades swiftly with   M5 timeframe , ensuring that you never miss out on lucrative opportunities.   No grid, no martingale, no hedging,   EA only open one position at the sa
HFT Prop EA
Manpreet Singh
4.95 (250)
HFT PROP EA is the High Frequency Trading Expert Advisor (EA/bot) designed to pass proprietary trading firms (prop firms) challenges which use stop orders to enter the trades when market is trending, It is basically designed for US30 just at opening of US30 in New York Session till it remain in its trending nature for 15-30 minutes, and using HFT PROP EA you can pass the challenge within few minutes for prop firms who doesn't have any lot size cap. Special benefit for buyers who share their re
Infinity Trader EA
Lachezar Krastev
5 (2)
SUPER SALE --> -60% OFF + BONUS EA: NEWS Scope EA PRO with AMAZING results! NOTE: Regular Price: $497 Click here to check News Scope EA PRO results! Infinity Trader EA seamlessly integrates the strengths of Chat GPT and Gemini AI, providing unparalleled market insights and in-depth fundamental analysis. It actively adapts to ever-changing market conditions, identifying statistically significant price patterns with remarkable predictive power. This ensures you pinpoint optimal entry and exit p
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Version 1.4 2019.11.06
Add Min Points Parameter
Version 1.3 2019.11.01
Fix bug related to Support drawing
Version 1.2 2019.10.30
Remove Channel Restriction, which greatly improves profits
Version 1.1 2019.10.30
Fixed minor issues with Resistance drawing