MoMo Trade MT4

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 per trade parameter (Risk per trade). Fixed volume uses when Risk per trade = 0.

Trade pause intervals

Current server time is used! Time for EA`s work is set in format ##:##. For example, 06:00-20:00. Time for trade pause intervals has the same format. Intervals are separated with ";". 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 - (more details about format above)
  • Pause intervals string - (more details about format above)
  • 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 not working time begins (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 stop. Amount of stop loss changes to this distance (5 digit points)
  • Magic
  • Comment


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Ahmad Sidik
3 (2)
Experts
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Adaptive Gold Scalper MT4
Fan Yang
5 (1)
Experts
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Leonid Arkhipov
Experts
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Bogdan Ion Puscasu
5 (6)
Experts
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Vasiliy Strukov
4.7 (1095)
Experts
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Gold Challenger EA
Xian Qin Ceng
Experts
Gold Challenger EA,   a new EA based on BeiDou Trend EA, has been launched. It is suitable for high volatility products such as XAUUSD. Gold Challenger EA still uses the breakout method.   Breakout trading is a very old method. Since the 1900s, since Livermore, this method has been widely used. It has been more than 120 years. This method is always effective, especially for XAUUSD and Gold with high volatility.   I have been using the breakout method to make profits on XAUUSD in the early stage
Chaos Algo Trading EA
Stefano Frisetti
3.67 (3)
Experts
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AW Trading Software Limited
4.5 (8)
Experts
Advisor AW Double Grids MT4  - est un conseiller de grille agressif et entièrement automatisé, avec un panneau de trading d'informations et une configuration simple. La stratégie consiste en un travail bidirectionnel simultané, multipliant le volume d'une direction. Le calcul automatique des lots intégré, diverses variantes d'augmentation du volume des positions et d'autres fonctions sont implémentés. Instructions ->  ICI  /  Résolution de problèmes ->  ICI   / Version MT5 ->  ICI Comment le c
Adaptive Xauusd Hedgefund Expert
Jamil Eugene Brown
Experts
Short description : Automated Gold expert advisor for MetaTrader 4 with volatility breakout entries, pending stop orders, a trailing stop and a live dashboard. Full description: Adaptive XAUUSD Hedgefund EA for MetaTrader 4 trades Gold (XAUUSD) on the M1 timeframe. It waits for a volatility expansion, places a pending stop order in the direction of the move, and protects the trade with a trailing stop. How it works A volatility filter requires the current bar range to exceed a set number of poin
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Andriy Sydoruk
Experts
Here is the corrected and adapted description for your BioBot scalping system in English , fully aligned with the actual input parameters from your code: BioBot Scalping System Description BioBot is a high-performance automated scalping trading system designed for trading various financial instruments (currency pairs, metals, etc.), primarily on M1 – M15 timeframes. Optimizing BioBot just once (for example, over a one-month period) is sufficient to deliver strong results on a forward period sev
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