AI Momentum Scalper MT5

Don't waste your money for this bot cos its not working-it could make good results on strategy tester but on real or demo actual results not the same! also don't buy any products on the market,better learn manual trading ,concentrate to achive consistency and discipline!! you will thank me later! The author refuse to refund or improve the bot funccions,keep your money for manual when you are profitable to grow your account

Developer has made a nice EA. I've been testing the DE40 set for several weeks and it trades most days. Since this EA works with martingale, caution is highly required and so you should set an emergency stop at a level and small lot size to avoid a crash of your account. I had some hits already... so have to more preventive to not blow away your saved winners in one day...

I also use the 1M gold set from Mr. Alan, but that requires real monitoring and certainly can't be run in a set-and-forget mode. The developer informed me that they are working on some other set files in the near future. I'm happy to see that and if they are profitable.

UPDATE:

This is sold as an EA but you cannot let it run. I try to manage the tool in a manual way, meaning just BUY because it cannot SELL. Developer replied that the sell option will be programed as some other options, but nothing happens. I guess it will not happen.

This tool is useful in a bull marked for gold and DE40, don't try to use it diffently or you account is on the line...

I have been using this EA since it came to market. It has been printing money. If you play around with Gold on a 1M and manage turning it on and off at the right times, it's absolutely unreal. (Search for the guy MrAlanForex as he sums it up nicely).

But I have a big WARNING - The latest update fixed the emergency stop functionality BUT the EA closes ALL trades on the pair it is running on, NOT just it's own trades. I restarted one of the terminals and it closed all my gold trades.

That was a $50K loss (I keep some gold trades open for positive swaps at better than bank interest). Thankfully I have made that back already with the 1M gold trick.

My "User support" one star rating is due to:

1. Fixing the faulty emergency stop fix took way too long.

2. Other basic features of a great EA is the ability to set magic numbers and trade comments. They really help with account and EA management. They are also trivial to implement. Trade comments of "New Trade" and "Martingale" are not useful.

3. Momentum (and their other EAs) could be a $2K EA with just a little more polish and listening to customer feedback.

I was so impressed by this EA, so much so that my first reaction would be to keep it a secret for fear of ruining it by wide spread use. Up 55% in 2 weeks! Consistant winning trades, although a near 30% drawdown on gold was frightening I now see that I didnt have to worry so much. That drawdown resulted in 2 days of 10K$ profits each on a 45K$ account. Feels like its too good to be true, unfortunatly, when the markets turedn It only accumulated losses, big losses, as in blew my account. Stay away

Following the purchase of the Expert Advisor (EA) AI Momentum Scalper with hopes of an innovative AI-driven trading strategy, I was unfortunately disappointed. Initial tests on a conventional computer yielded unsatisfactory results, prompting me to contact the seller. The recommendation to run the EA on the MQL5 platform's VPS did not result in significant improvement. The main issue with this EA is its tendency towards Martingale trading, where additional positions with increased lot sizes are opened in the event of losing positions, in hopes of offsetting the loss. This contradicts the advertised AI strategy, which aims to capitalize on intelligent market movements. Such trading practice carries significant risk and can lead to substantial financial losses over the long term. Furthermore, the customer support provided by the seller was disappointing, with delayed response times of several days. This further contributes to my dissatisfaction with the product. Overall, I cannot recommend the AI Momentum Scalper EA. Investors should save their money and seek more trustworthy alternatives that align with their expectations and risk tolerances.

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Update: Furthermore, since the time of my initial purchase, I have noticed that the seller has removed the live signal feature, which previously allowed users to monitor the daily trades of the AI Momentum Scalper. This removal reinforces my suspicion that the EA's trading strategy, heavily reliant on Martingale principles and frequent trade openings, is likely resulting in significant drawdowns or even account blowouts. The absence of transparent, real-time trading data raises further doubts about the reliability and effectiveness of the EA. Investors considering the AI Momentum Scalper should be aware of these developments and exercise caution before committing funds to a product that lacks transparency and may carry substantial risks to their investment capital.

I have only been using it for a week but so far I am really happy with it. I have been trading DE40, which has been in an extremely bullish trend, and the bot has captured that and opened buy positions. So for now it has been good but maybe need some more challenging market conditions to see how that goes. Support is really good, the seller answers messages and is helpful. 👍