MoMo Trade MT5
- エキスパート
- バージョン: 1.16
- アップデート済み: 22 7月 2021
- アクティベーション: 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
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
- Comment
