Watch how to download trading robots for free

Find us on Twitter!
Join our fan page

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

Views:

1335

Rating:

(1)

Published:

10 September 2026, 11:18

Updated:

15 September 2026, 12:58

GDS_Renko_Momentum_Demo_EA_v0_12.mq5 (25.16 KB) view

Download as ZIP How to download code from MetaEditor

Need a robot or indicator based on this code? Order it on Freelance Go to Freelance

Historical demonstration, XAUUSD RoboForex-ECN, 1 May–8 September 2026; USD 10,000 initial deposit, 1:100 leverage, fixed 0.01 lot. The MT5 report shows 100% real ticks.

- 220 trades

- Net profit: USD 1,293.99

- Profit factor: 1.67

- Maximum equity drawdown: USD 203.00 (1.91%)

- Win rate: 28.64%

- Long and short trades both had positive net results over this interval.

Default parameters were selected for this example. The result is an optimized historical demonstration, not an independent forward test. The trading logic in v0.11 is unchanged from tested v0.10; v0.11 sets the demonstrated parameters as defaults.

Default inputs

Brick size 6.0 price units; momentum period 8 bricks; threshold 5.0 brick units; TP 10 bricks; SL 2 bricks; maximum hold 1440 minutes; cooldown 3 bricks; maximum spread/brick ratio 0.35; lot 0.01; Magic 26091043.

The example has a low win rate and includes 13 consecutive losing trades. It relies on larger winners rather than frequent winning trades.

Usage notes

Run the EA in Strategy Tester first. Brick size is expressed in price units, not points. Virtual SL/TP require the EA and terminal to remain running; they are not broker-side protective orders. Exits may be delayed by closed sessions, connection loss or execution restrictions. Price gaps can cause losses beyond the nominal stop.

Trade requests are checked against symbol trading sessions. Renko/momentum history starts again after EA reinitialization. Other positions or active orders on the symbol block new entries. Use one instance per symbol and a unique Magic.

The historical result is not evidence of a persistent trading edge and is not a promise of future profitability.

PulseStrike Scalper - Statistical Burst Detection EA

MT5 Symbol Changer Profit Display

EMTOrdersUtility is a Real-Time Trade Monitor & Symbol Changer Utility designed for active traders who demand Real-Time visibility into their open positions across multiple financial instruments.

EA AurumNeuro Vanguard

AurumNeuro Vanguard is an intelligent Expert Advisor (EA) specifically designed for XAUUSD / Gold trading, combining a hybrid Neural Risk Architecture with the Unified Market Dynamics Engine (UMDE).

ZetaBurst Scalper EA

Tick-driven scalper that only trades genuine statistical outlier price moves, sized and protected to survive real broker execution delay. Backtest results included below.

GDS Renko Momentum Demo EA - expert for MetaTrader 5