Momentum Forex Trading Expert Advisor FREE DownloadMomentum Forex Trading Expert Advisor FREE Download
Momentum Forex Trading Expert Advisor is an automated Forex robot that usually sells for $30. This EA works with the Momentum indicator , which is a leading indicator for the Forex market. To open a position, advisors use the indicator's oversold or overbought conditions to capture the mood of traders.
Please test in a demo account for at least a week first. Also, familiarize yourself and understand how this Momentum Robot works and then only use it on a live account.
Recommendations
- Minimum standard account balance 250$ .
- Work on any pair. ( There are some optimization presets for pairs )
- Work best on M15 and H1 (works on any time frame)
- For best performance, this Forex Trading EA should be online 24 hours a day, it is recommended to use a VPS (Reliable and Trustworthy Forex VPS – FXVM)
- Low Spread ECN accounts are also recommended ( find the best broker for you here )
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Input Parameters
- Open new series – > Open/close the start of a new series
- Start lots – > start lot.
- Trade Buy – > Allow advisors to buy.
- Trade Sell - > Allow advisor to sell.
- Support manual order placement -> Allow or disallow EA to manage manual orders.
- Use hedge – > allows advisors to trade in both directions. If only one trading direction is closed.
- Use Money Management – > Turn on/off the use of automatic batch calculations.
- Autolot. Available margin per 0.01 lots – > Amount of available margin for opening a position per 0.01 lots.
- Lot Multiplier -> Lot Multiplier for the following order.
- TP -> Take profits in points.
- SL – > Stop Loss in points of the first order.
- Trail Start – > Activate Trailing Stop.
- Trail Step – > Distance from the price when trailing stop is activated.
- DD Reduction Algorithm -> Drawdown Reduction Algorithm when the last profitable order will be close to the first losing order series.
- Numbering order of DD reduction algorithm -> In which order to start reducing retracement algorithm.
- DD reduces the profit percentage of the algorithm -> reduces the profit percentage when closing a position in retracement mode.
- Magic - > is a special number assigned by the EA to its orders.
- Fix distance – > fixed distance between orders
- Order dynamic distances -> In which order dynamic distances will be applied.
- Dynamic distance start – > Start value of dynamic distance.
- Distance multiplier – > Dynamic distance multiplier.
- Start, End hour – > time to open the first order.
- Maximum Lot – > maximum lot.
- Maximum spread – > Advisor’s maximum spread.
Momentum Parameters
- Mom_Period – > The period of the momentum indicator.
- Up Level – > Momentum indicator reading above which the EA will sell.
- Down Level – > Momentum indicator reading below which the advisor buys.
Get expert Forex trading advisors here
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