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Momentum Multiple

Hi and welcome to Momentum Multiple, 


The EA does not use martingale or grid. It only enters a trade with  active orders and uses a stop loss for each trade!

This expert advisor works by comparing signals from Momentum indicators, more specifically the following :  the relation between average Momentum - The current value  -  A specified user threshold (MomentumTrigger = 100 by Default). The number of bars taken in calculation for average and current Momentum can be changed by user (MomentumParameter = 14 by Default).


Time Frame: This expert advisor works on all timeframes, 1M-5M-15M-30M are recommended;

Account balance: it doesn't matter, but I recommend at least 1000 EUR or 1500 USD;

Currency pair:  Works on all, but in my tests EURUSD and AUDUSD are the best; 


Features


-              Choose the active and the inactive trading hours (in hh:mm - format).

-              Set your own level of risk (Percent of the account equity. Default 2%).

-              Dynamic lot sizing ;(Ex: the lot size will change based on the market volatility and your risk or you can use the fixed lot size option for a manual setting.)

-              Finetune your stop loss and take profit levels (SLRatio and TPRatio) by ATR multiples or manual setting in points;

-              Dynamic trail stop (Can be turned of in the settings).

-              Money management with the use of ATR, affecting the stoploss, takeprofit, and lot sizing (can be turned off);


Momentum M Settings

START_TradingTime The start of active trading hours in hh:mm format.

STOP_TradingTime The start of inactive trading hours in hh:mm format.

Manual_Mode_Points Change between use of ATR (False option) and Manual setting in Points (True option) for SLRatio, TPRatio, TPRatio2 Default False;

DynamicStoploss ; The option to turn of the Dynamic Stoploss feature

Risk ; Maximum risk allowed per trade Default 2%

FixedLots ;Change this with the desired lot size if you don’t want an automated lot sizing based on the Risk. 

SLRatio ;Stop loss ratio. Calculated based on the ATR indicator, setting this to 1.75 will place  the stop loss 1.75*ATR 

TPRatio ; Takeprofit ratio. Calculated based on the ATR indicator, setting this to 1.5 will place  the takeprofit 1.5*ATR. 

MomentumParameter = 14 ;

MomentumTrigger = 100;

MaxOrders; Maximum allowed  orders per currency pair;


Product is free so please leave a comment! How does it work for you ? What can I improve?

Thank you!


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Version 1.32 2024.03.19
- Code optimization;
Version 1.30 2021.09.20
Added an option to turn of time filter;
Version 1.20 2021.09.10
Choose trading time option added;
Version 1.10 2021.04.24
Code optimization;