• Overview
  • Reviews (2)
  • Comments (8)
  • What's new

Momentum Open

LIMITED VERSION! JUST 100 COPIES WILL BE AVAILABLE!

  • 14 / 20 Copies are available by Price $600
  • Next Price $750

Momentum Open is a completely automatic trading EA. It is a fact that market is mostly trading in range and high-power bursts are rare. These sharp movements are starting with momentum, which is a signal to trend start, increased volatility and trading volumes. We built a special algo, which seeks for such  Impulse (Momentum), to signal trade entry. Momentum Open also has several filters, based on deviation from standard market volatility, so the EA can tell noise from the real trend emerging.

Momentum Open opens all trades only according to the Trend in the direction of the Impulse and don't open Reverse trades! Momentum Open is built on the Price Action principles and is measuring strength of Momentum not only by deviation from standard volatility, but also using technical indicator like RSI and ATR.

Momentum Open is a safe system and don't use dangerous methods, like:

  • Martingale, Grid and Averaging;
  • Scalping;
  • Multicurrency trading and Heding;

All trades of Momentum Open have a  Stop Loss and Take Profit, as well as Trailing Stop mechanism to protect floating profit. It's make system much more safe and stable.

Momentum Open designed for Professional traders. System is fully based at Momentum Classic (product page:  https://www.mql5.com/en/market/product/25517) strategy, but unlike original version, all input parameters are opened for users, so system can be easy optimized.

Momentum Classic Settings Pack Live results: https://www.mql5.com/en/signals/579509
Momentum Open Settings Pack Live results: https://www.mql5.com/en/signals/711091

Download Recommended Setting Files: Momentum Open v.1.2 Selected


Momentum Open unlike the original version, has several advantages and is more flexible. You have the opportunity not only to use the proposed sets of Settings, but also to create your own portfolios from the ones offered or optimized yourself.

Momentum Open is built on the Price Action principles and is measuring strength of Momentum not only by deviation from standard volatility, but also using technical indicator like RSI and ATR.

Basic Settings Packs are incuding next currency pairs and timeframes:

  • M15: AUDUSD, EURAUD, EURGBP, EURNZD, EURJPY, EURUSD, GBPJPY, GBPUSD, NZDUSD, USDCHF, USDJPY, XAUUSD;
  • M30: AUDUSD, EURAUD, EURGBP, EURNZD,EURJPY, EURUSD, GBPJPY, GBPUSD, NZDUSD, USDCHF, USDJPY, XAUUSD;
  • H1: AUDUSD, EURAUD, EURGBP, EURNZD,EURJPY, EURUSD, GBPJPY, GBPUSD, NZDUSD, USDCHF, USDJPY, XAUUSD;

Momentum Classic  is a long-term investment strategy. EA can trade on any kind of broker account (ECN, STP or other) and it is not dependent on spread size, commission or slippage and provides highly stable trading performance.

Parameters

  • Comment - Comment for orders
  • Slippage - Max size of Slippage (pips)
  • MagicNumber        
  • GMT Shift - Shift from Default value GMT+2                  
  • Auto Risk (Percent of Loss) - Percent of Loss from Account Balance for all orderrs by pair
  • Lot Size (0 to use Auto Risk) 

Trading Settings

  • Bollinger Bands Period                
  • Fibonacci Level for Take Profit
  • Number of Orders in Group
  •                        
  • Timeframe to count Impulse        
  • Number of Bars to count Impulse    
  • Impulse Multiplier

  • ATR Period  
  • Max ATR Period
  • Number of bars to count Max ATR
  • ATR Multiplierr

  • RSI Period
  • RSI Level

Day Settings

  • Monday - true - Trade at Monday 
  • Tuesday - true - Trade at Tuesday
  • Wednesday - true - Trade at Wednesday
  • Thursday - true - Trade at Thursday
  • Friday - true - Trade at Friday

Time Settings

  • First Start - First trading session start hour
  • First Stop - First trading session end hour
  • Second Start - Second trading session start hour
  • Second Stop - Second trading session end hour


Daemon Wong
56
Daemon Wong 2020.03.05 18:17 
 

I just tried it the very low DD 2.9% for 10% return from 2017 to 2020.

But what really made me gave the 4 star is the coding that makes the back test and Optimization really fast and that saves a lot of time.

The risk management also lets you on/off the days to trade and timing

It will be really good if there can be more options to on/off trading hours rather than 2 at the moment now

Ck.
381
Ck. 2020.03.01 15:14 
 

I have good results, stable and low risk.

I love the way of Open version, users can add new pairs to trade, re-optimized by themselves.

for now I do not add any new pair and use Ivan's presets, but who know one day if this presets not work, At least I can re-optimized and manage portfolio.

Version 1.2 2020.03.19
- Max Spread bug-fix;
Version 1.1 2020.03.16
The following functions are added:
- Max Spread protection;
- Max Stop Loss protection;
- Custom Balance function;
- CFD mode to trade CFD contacts (Crypto, Stocks, Indeces and etc.);
- Third trading interval;

3 different type of Trailing Stop and Trailing Stop timeframe selection:
- Classical Trailing Stop (pips);
- Channel Trailing Stop;
- ATR Trailing Stop;