BrokerStyle Momentum Hedge
- Experts
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Malik Muhammad Naveed
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ABOUT THE SELLER / AUTHOR (for MQL5 profile & products)
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SHORT VERSION (profile "About me" / signature) - Version: 5.38
BrokerStyle Momentum Hedge
BrokerStyle Momentum Hedge is a MetaTrader 4 Expert Advisor that manages directional price-step entries and opposite-side trade pairs. It combines a configurable momentum filter with basket equity profit controls and an on-chart dashboard.
Entry logic
The EA tracks a rolling price anchor. Upward price steps can trigger buy entries, while downward steps can trigger sell entries. The momentum filter supports level and slope conditions, configurable timeframes, and current- or closed-candle readings. Spread checks and entry limits are configurable.
Position management
The pair-close engine can combine a profitable trade with an opposite losing trade when their combined result meets the configured threshold. Price-level pairing rules and single-trade-close restrictions can be adjusted through the inputs. Equity-growth and equity-trailing settings provide additional cycle exit controls.
Symbol and lot-size compatibility
Auto step mode uses the configured price distance for gold and other non-FX symbols, and a separate pip-distance setting for Forex symbols. Explicit price or pip modes are also available. The candidate defaults to 6.0 price units for gold and 6 pips for Forex.
Requested lots are aligned to the broker lot increment and bounds. AllowBrokerMinimumLot can increase a below-minimum request to the broker minimum; this increases exposure. Disable this option to reject such settings. Orders are skipped when their margin check fails.
Main settings
- Fixed lot size and directional price-step distance.
- Momentum timeframe, period, threshold and filter mode.
- Maximum spread, execution retries and slippage settings.
- Maximum buy, sell and total trade counts.
- Equity profit targets, equity trailing and optional account-loss controls.
- Dashboard position and font size.
Installation and use
Install the compiled EX4 file in the MT4 Experts folder and refresh the Navigator. Attach it to the intended chart, review every input, and test the exact configuration in Strategy Tester and on a demo account before considering live use. Use a distinct magic number when running separate instances.
The account and broker must support the intended opposite-position behavior. Price-step distances and account-money exit targets are different settings; review the inputs for the symbol's quote precision and your account currency. A zero maximum-trade setting means unlimited for the applicable limit. Hedging and multiple open positions can create substantial exposure and drawdown.
No profit, loss-recovery outcome or account protection is guaranteed. Results depend on market conditions, spreads, execution and configuration.
