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MoMo Trade MT5

30 USD

Demo downloaded: 124

Published: 19 December 2020

Current version: 1.16

MoMo Trade MT5

Experts
Dmitry Homenkov
Version: 1.16
Updated: 22 July 2021
Activations: 7

MoMo Trade MT5 (MT4 version https://www.mql5.com/ru/market/product/57354) - trading system based on one of the momentum strategies. It uses simple and reliable tools like MACD and EMA to find entry points. The trading strategy looks for reversal patterns after trend area. The EA has implemented to work on M5 timeframe and focuses on short-term profit targets. But it also can be used on any timeframe.

Volume calculation

The volume amount is fixed (Fixed volume) or calculated based on risk per trade parameter (Risk per trade). Fixed volume uses when Risk per trade = 0.

Trading suspension intervals and opening hours

The current server time is used. The EA trading time is set in the format ##: ##. For example 06: 00-20: 00 . The time of the trading suspension intervals is set in the same format. The intervals are separated by ";". For example, 13: 15-13: 30; 15: 30-16: 30.

Partial close

Partial close closes only one part of a position! There is the opportunity to choose percent of volume to close part of a position, set stop loss to breakeven after closing part of a position, distance for trigger partial close.

Trailing Stop

Distance of trailing stop activation means distance of moving price to profit. Stop loss is never moved to greater side.

Multicurrency trading

For ability to trade on different instruments the EA should be set with equal Magic on each instrument. The only trade can be opened at one time on the same instrument. However, there are several positions can be opened at the same time, but each one on a separate instrument. Total count of opened trades is controlled by parameter Max opened trades for multicurrency.

Input parameters description

Fast EMA period - Period of fast EMA in MACD
Slow EMA period - Period of slow EMA in MACD
Trend area number of bars - Number of bars for calculating MACD average amplitude. The bigger number of bars, the longer should be trend area
Average MACD value - Average MACD value on trend area. The higher amplitude, the stronger should be trend on the trend area
Timeframe - EA's timeframe. The EA has been implemented for M5, but it can be used on any timeframe
Working time string - Working time string (more about the format above)
Pause intervals string - Time string of pause intervals

Stop Loss - Stop loss amount in points (5 digit points)
Take Profit - Take profit amount in points (5 digit points)
Fixed volume - Used only when Risk per trade = 0
Risk per trade - Percent of balance on one trade to loss. If 0, Fixed volume uses
Max opened trades for multicurrency - Maximum of simultaneously opened trades on different instruments
Close opened positions when out of working time - Close current open positions when non-working hours occur (true / false)

Enable partial close - On/Off partial close
Enable breakeven after partial close - On/Off setting stop to breakeven after partial close
Distance for partial close - 5 digit points
Percent of closed part - Percent of position volume for partial close

Enable trailing stop - On/Off trailing stop
Activation distance - Distance to the profit side for starting trailing stop work (5 digit points)
Trailing distance - Distance of trailing sstop. Amount of stop loss changes to this distance (5 digit points)

Magic
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MoMo Trade MT4 (MT5 version https://www.mql5.com/ru/market/product/59093 ) - trading system based on one of the momentum strategies. It uses simple and reliable tools like MACD and EMA to find entry points. The trading strategy looks for reversal patterns after trend area. The EA has implemented to work on M5 timeframe and focuses on short-term profit targets. But it also can be used on any timeframe. Volume calculation The volume amount is fixed ( Fixed volume ) or calculated based on risk pe

30 USD

Deflection MT4 (MT5 version https://www.mql5.com/ru/market/product/63277 ) - a trend following expert advisor. It is based on strategy of searching entry points in the beginning of a trend. 2 EMA are used for a signal determination. Deflection has an adaptive system of profit and losses targets calculation which is based on current volatility. The control of risks is managed by TP/SL ratio and via setting risk per trade of a balance amount. Stop Loss and Take Profit targets in points are calc

30 USD

Keep sleeping while your EA does his job! Keep Sleeping EA - is an expert advisor which trades at night. It uses calm but more predictable night time for achieving stable profits. It is recommended to use the EA on a number of instruments simultaneously. This will allow to raise profit and make profit curve smoother. EA's setup guide - https://www.mql5.com/en/blogs/post/746449 What you need to know before buy The EA trades at night (usually from 22:00 to 3:00 GMT+2(+3)) Small pro

99 USD

Master Levels mt5 ( version for MT4 ) analyzes market situation over the last few days and determines current levels. It tracks a breakout (or rebound) of these levels. Trades open in the breakout (rebound) direction. The EA is fully automated. Master Levels is equipped with a flexible position management system. There is opportunity to close a position with two parts. And there is a feature of a trailing stop, which allows to protect gain profit. Depending on the settings, the EA can work both

39 USD

Deflection MT5 (MT4 version https://www.mql5.com/ru/market/product/63276 ) - a trend following expert advisor. It is based on strategy of searching entry points in the beginning of a trend. 2 EMA are used for a signal determination. Deflection has an adaptive system of profit and losses targets calculation which is based on current volatility. The control of risks is managed by TP/SL ratio and via setting risk per trade of a balance amount. Stop Loss and Take Profit targets in points are calc

30 USD

Keep sleeping while your EA does his job! Keep Sleeping EA - is an expert advisor which trades at night. It uses calm but more predictable night time for achieving stable profits. It is recommended to use the EA on a number of instruments simultaneously. This will allow to raise profit and make profit curve smoother. EA's setup giude - https://www.mql5.com/en/blogs/post/746449 What you need to know before buy The EA trades at night (usually from 22:00 to 3:00 GMT+2(+3)) Small pro

99 USD

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Version 1.16 2021.07.22

- Ability to work an Expert Advisor with disabled auto trading

Version 1.15 2021.07.13

- A control flag of closure of current opened positions when not working time begins has been added
- The working time setting format has been changed
- A possibility to set trade pause intervals has been added

Version 1.14 2021.06.29

- Slight improvements of the common trading logic

Version 1.13 2021.03.09

Corrections in the logic of partial closure. When trading with the minimum lot, the position will not be closed completely in case of partial closing.

Version 1.12 2021.01.18

A new parameter Max opened trades for multicurrency has been introduced. It is responsible for maximum amount of opened trades and orders during trading on different symbols at one time. See the EA description for details.

Version 1.11 2021.01.08

Position update fix

Version 1.1 2020.12.20

Corrections in logic of symbol volume limit checks before trade operation