Exp_BlauCMomentum - MetaTrader 5 Expert - MT4/MT5 Resources

The trading system uses candlestick momentum indicator.

Trading decisions are made when momentum changes direction or breaks above the zero line. The following input parameters are used to select input algorithm options:

 Enter AlgMode mode=twist; //Algorithm for entering the market

For correct operation of the EA, please place the compiled indicator file BlauCMomentum.ex5 into terminal_data_folder\MQL5\Indicators.

It should be taken into account that the TradeAlgorithms.mqh library file is designed to allow the use of Expert Advisors by brokers that offer the following services: non-zero spreads and the ability to set Stop Loss and Take Profit while opening a position. Other variants of this library can be downloaded from https://www.mql5.com/en/code/1578 .

The input parameters of the default Expert Advisor were used in the test shown below. Stop Loss and Take Profit were not used during testing.

Figure 1. Example of trading history on a chart.

EURUSD H4 test results 2012-2013:

Figure 2. Test result chart

Attachment download

📎 exp_blaucmomentum.mq5 (9.5 KB)

📎 smoothalgorithms.mqh (134.03 KB)

📎 tradealgorithms.mqh (67.74 KB)

📎blaucmomentum.mq5 (9.7 KB)

Source: MQL5 #1935