Exp_AnchoredMomentum - MetaTrader 5 Expert - MT4/MT5 Resources
The trading system uses the anchored momentum indicator. When the high or low indicator breaks out, a signal to execute the trade is formed at the bar close. Exiting a trade can be executed via a pending order or by changing the indicator's color from pink to green or vice versa.
Place the Anchored Momentum.ex5 compiled file copied to terminal_data_folder\MQL5\Indicators.
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 in the chart.
2011 AUDUSD H4 test results:
Figure 2. Test results chart.
Attachment download
📎 tradealgorithms.mqh (67.73 KB)
📎 anchoredmomentum.mq5 (10.79 KB)
📎 exp_anchoredmomentum.mq5 (6.09 KB)
Source: MQL5 #1245
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