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Momentum EA boa MT5

RE-LAUNCH PROMO: 1 COPY LEFT AT 350$! NEXT PRICE -> 450$

(final price: 490$)

!! THE NEW VERSION (2019) IS THE RESULT OF 3 YEARS LIVE FORWARD TESTING !!


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.


This BOA version will run the Best Of All version from the MT4 original, a selection of the very best from the original bestseller.  It can be set up fully, running 14 pairs on 4 different timeframes, from a single chart using the OneChartSetup option!


Key characteristics

  • 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

  • Base_Magicnumber = base magicnumber for breakout strategy
  • Base_Magicnumber2 = base magicnumber for reversal strategy
  • trade_comment = comment of the trades
  • when true, the EA will run all 14 pairs from a single chart.  When false, the EA will only run the pair from the chart.
  • Here you can set all pairs that will be run with the OneChartSetup option
  • suffix = here you must place the suffix that your broker uses
  • Lotsize calculation mode: Here you can select to use fixed lotsize or automatic lotsize calculations based on LotsizeStep
  • LotsizeStep: Here you can set the amount of balance to be used for every 0.01lots
  • StartLots: Here you can set the fixed lotsize, or the minimum lotsize when using LotsizeSteps
  • OnlyUp: this will make the EA only increase lotsize and never decrease
  • Random_Mode: here you can choose to 'randomize' various internal parameters, like SL, TP and entry parameters

Recommended pairs

  • EURUSD, GBPUSD, USDCHF, EURGBP, AUDUSD, USDJPY, EURJPY, GBPJPY, EURAUD, NZDUSD, EURCAD, USDCAD, AUDJPY and XAUUSD

Setup of the EA:

  • Simply run the EA on 1 chart (M5 EURUSD recommended) and enable the OneChartSetup
  • The EA will run all pairs on the correct timeframes automatically from this 1 chart

Recommended timeframe for backtesting: M5 using 'open prices only'



Past performance is no guarantee for the future


Reviews 3
Georgios Daskaleas
664
Georgios Daskaleas 2019.11.01 17:43 
 

Just Brilliant. Another creation of Mr. Schrynemaker is coming to show to all of us that momentum systems are still a choice. 5 Stars from me. I do not understand how a trader following the recommended settings can have a drawdown of more than 15%-20%, which is welcome if your SQN is above 5!

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Neuron AUTO Mt5
Sabil Yudifera
Neuron AUTO Mt5 is a multi-currency Expert Advisor. The Expert Advisor does not use high-risk trading strategies like Martingale. The EA works with take profit, Elman Neural Network and do not use stop loss. It can also be used on other major pairs. The Expert Advisor is based on 39 input nodes, 10 hidden nodes and 2 output nodes of a neural network and the sigmoid function of their automatic learning on real trading. Trading is performed on almost every candle. Neuron AUTO Mt5 learns by 7 days
499 USD
Brainko on EURUSD
Alexandru Toma
Brainko is a trading system developed in combination of several indicators and strategies developed by our technical team which analyses the market conditions and tick values for proper entries. The EA trades according to the scalping and trend based strategy.   Features of the Brainko on EURUSD: With default settings, the robot/EA will trade on EURUSD chart. For other currency pairs, you need to find other settings. Minimum initial deposit is $500 Broker's recommended spread is up to 1 pips (10
999 USD
EA Monolith
Vasiliy Kolesov
EA Monolith EA monolith is a fully automatic, multi-currency expert Advisor designed for trading on the Forex market in the MT5 terminal. Due to the unique system of entering the market and maintaining open positions, as well as the advantages of multicurrency, this EA is quite profitable and safe ( the EA has an algorithm for exiting drawdowns and overlapping unprofitable orders with profitable ones). The EA is suitable both for dispersal of small deposits on cent accounts and for profession
399 USD
Bober Lannister MT5
Arnold Bobrinskiy
You  probably will not find millions profit in tester at  first look but you can get very good forward test results. It's much better to pay a bit more  for Ea which will cover it's cost and brings you income in the future. Don't waste your time and money on cheap and dangerous EAs without money management. Get Bober Lannister MT5 and new level of happiness. Bober Lannister  - is fully automated crossplatform (mt5/mt4) EA which was developed as a night scalper. However after numerous resear
1 200 USD
MAFiA Scalper
Andrey Dyachenko
MAFiA Scalper (Lite version) -Bill Williams (BW) expert advisor with a control panel for trading. The version for MT4 - is here !!! Advisor will work ONLY on accounts like HEDGE . The type of account can be seen in the upper left corner of the terminal. Example - there The main task of the adviser is to facilitate the work of the trader in opening, adding positions and controlling them using the control panel. The ability to quickly make changes to the adviser - will allow the trader to "
497 USD
VarkoTrading Technologic MT5
Evgenii Derepenko
Product version for MetaTrader 4: https://www.mql5.com/ru/market/product/56730 VarkoTrading Technologic       - Fully automatic system inside the day Scalping. The strategy is based on a rebound from the most important support and resistance levels. Our development team of the company has extensive experience in the development of automated trading systems for trading in the financial markets. We are pleased to present you our new product,   a fully automated trading system for night scalping
490 USD
BBSO Tachyon Mt5
Olivier Nomblot
BBSO is just getting better and better as it learns through its unique self optimization . It has been no 1 THREE TIMES IN THE WORD. It is really for  the illuminated  only . A real  breakthrough. Using the legendary BBSO range trading module the no 1 ROBOT AND THE AMAZING SPEED OF METATRADER 5, this scalper generates a lot of quick trades in and out using the strongest point of BBSO the ENTRY. Self-optimizes in seconds ANY Pair on any time frame, krypto, indexes (always check with Olivier Nombl
550 USD
GridScalperMT5
Denis Nikolaev
GridScalperMT5 - grid scalper fully automated expert Advisor for low-volatile night of trade GridSalperMT5 EA version for MT4 terminal  https://www.mql5.com/ru/market/product/35871 Monitoring of the EA's performance can be viewed here  https://www.mql5.com/ru/signals/824310 Peculiar properties -The EA trades 10 currency pairs(USDCHF, EURCHF, EURGBP, AUDUSD, USDCAD, GBPUSD, EURUSD, NZDUSD, CADCHF, EURAUD) from a single graphics -The EA uses more than five sets of optimal parameters for each curr
449.99 USD
RocketEA MT5
SERGEI RIEBIN
LAUNCH PROMO: ONLY 6 COPIES OUT OF 10 LEFT AT $449! Next price:        $499 The EA opens trades at the beginning of   New York session . This is an ideal time to enter the Forex market as the two largest markets in the world literally overlap each other. During this four-hour period, you can see a great increase in liquidity and volatility provided by both   London   and   New York   market participants. The EA analyses the market using the   advanced trend filter   (ATF). The ATF is a directio
449 USD
Crash And Boom MT5
Abubakar Saidu
An algorithm to detect a spike instantly with zero lag.. Use default settings for "Crash And Boom" This smart algorithm detects a spike, which can be use to filter out market spikes, give entry signals with exit. Monitor Signal Here:- https://www.mql5.com/en/signals/797536 Boom 1000 Set Crash 1000 Set Pure Martingale Sets https://c.mql5.com/31/489/Crash_mart.set Monitor Martingale trades:-  https://www.mql5.com/en/signals/800197 Trading:-  Booming for Boom and Crashing for Crash Spike Signa
2 500 USD
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Georgios Daskaleas
664
Georgios Daskaleas 2019.11.01 17:43 
 

Just Brilliant. Another creation of Mr. Schrynemaker is coming to show to all of us that momentum systems are still a choice. 5 Stars from me. I do not understand how a trader following the recommended settings can have a drawdown of more than 15%-20%, which is welcome if your SQN is above 5!

Alan Lee
700
Alan Lee 2018.11.22 21:46 
 

Lost 50% of my account so far.... not good!

Dengxiang Wei
278
Dengxiang Wei 2018.11.13 02:05 
 

刚使用Momentum EA boa MT5一周时间,已经出现较大的损失。EA往往在逆势的方向持有多个头寸只到止损平仓。

作者也许很忙,评论里的问题不能及时答复。

暂时给予两个星的评级,我会根据后续的表示重新评价。

Reply to review
Version 3.0 2019.09.22
small improvements
Version 2.0 2019.08.27
- Greatly improved performance based on 3 years of live data analysis