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Momentum Multiple

Demo downloaded: 16

Published: 23 April 2021

Current version: 1.32

Momentum Multiple

Experts
Bogdan Mihail Moise
Version: 1.32
Updated: 19 March 2024
Activations: 5

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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