Thursday, December 14, 2017

Momentum EA M5

Momentum EA M5


MOMENTUM EA - a trading system based on the analysis of price action. System 2 components:



  • The first strategy tracks the strong price action. Then the adviser begins to open transaction in the direction of the trend. Transactions are closed or on take-profit or stop-loss, or close adviser to a group of transactions at a certain profit. This is not a grid system, Advisor adds additional transaction only in the case of continuation of trend momentum. Advisor adds the transaction at a trend reversal.

  • The second strategy is trying to track down such trend reversals. According to this strategy, the adviser will also open trade in the event of a strong trend reversal.

  • Advisor analyzes M5 candles for determining the entry and exit points.




Key parameters adviser



  • For all transactions stop-loss is set at a safe distance, not too far away. In trading №1 rule is to protect the capital.

  • For some transactions using a fixed take-profit, for other uses a trailing stop.

  • Advisor uses several algorithms closing deals.

  • If the transaction price does not reach take-profit group transactions could still be closed in profit. Therefore, for the profitability of strong trend adviser need not always.

  • Uses proven money management techniques, which are also used in all of my advisers.

  • This is a long-term adviser, he makes a lot of transactions, but does not trade on a daily basis. Expert opens only deal with strong price movements.

  • It is a versatile Advisor: you can use and optimize for different timeframes and different pairs. In the future, it will be added to more couples and timeframes.

  • Advisor uses only the opening and closing price of the bar, so that the likelihood of untruthful backtesting small (testing using tick data, and in the "Open prices only" virtually identical).

  • Advisor enters the market only on the basis of price action. Do not use lagging indicators.

  • The Advisor is embedded system "automatically download settings", which automatically selects the optimal settings for the selected pair and timeframe.

  • Advisor is not very sensitive to spreads and slippage, so that it can work in almost any market conditions and on any accounts.

  • An expert can perform a large number of transactions, so that it can be used for rebeytov system!

  • The unique "conservative" mode.




Options



  • Risk_Mode: here you can choose to work in a normal or in a conservative mode.

  • OneChartSetup: at true EA will launch all couples timeframe chart. Useful pairs should be defined in the following parameters

  • Run_M5: enter here all couples who will work on the timeframe H1, when enabled OneChartSetup.

  • Run_ST1: if enabled, EA will deal Strategy A (which catches a strong trend breaks).

  • Run_ST2: if enabled, EA will deal on B strategy (that catches turns strong, but false breakouts).

  • DeletePendingOrdersOnRestart: if enabled, when you reinstall the adviser on the chart, it will remove all pending orders.

  • Autolotsize - at a value of true advisor automatically determines the size of the lot based on the balance and the parameter value lotsizesteps.

  • LotsizeSteps - balance step size for which the EA will use 0.01 lot (using Autolotsize function)

  • OnlyUp - at a value of true EA will not reduce the size of the lot at reducing the balance.

  • StartLots - starting lot size (if Autolotsize disabled)

  • MaxLots - maximum lot size.

  • Trade_comment - comment on the transaction advisor.

  • GAP_Filter: turn on the filter, which prohibits trafficking for large gaps occur.

  • Time_filter: here you can specify start and end times for each day of work.




Recommended couples



  • EURUSD, GBPUSD, USDCHF, USDCAD, USDJPY, EURJPY, GBPJPY, AUDUSD, NZDUSD, EURAUD, EURCAD, EURGBP and XAUUSD


Try the demo version now!




about the author


I trade on the Forex market for over 10 years, and more than three years developing advisors. All my counselors must meet certain strict criteria: the results of trade on a live account must match with the test results; expert should be as independent of the various market conditions (such as a spread, slippage); Advisor to work on a simple but powerful logic that works in long-term term; advisor should not be re-optimize it should work even if you change the parameters; the expert must always use a stop loss with minimal risk to the account.


Momentum EA M5

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