Momentum-M15 - MetaTrader 5 Expert | Forex Indicator Download - MT4/MT5 Resources

Idea from : Sergei Deev .

MQL5 code by : Vladimir Karputov .

The EA trades based on two indicators: iMA (Moving Average, MA) and iMomentum (Momentum). The EA also takes into consideration the Close prices of bar #1 and the Open prices of bar #0 at opening the positions, and the Close prices of bar #1 and the High prices of bar #0 and the Low prices of bar #0 at closing or trailing the positions.

The EA only works when a new bar is formed and allows only one position to be held in the market.

In optimization, I recommend using a genetic algorithm and a "1 minute OHLC" scale generation pattern. Examples of parameters and time ranges can be searched at:

The USDJPY symbol H1 was tested using the parameters of the "Value" column (however, for better verification, this test was performed in the "Every quote based on actual quotes" quote generation mode).

Attachment download

📎 momentum-m15.mq5 (52.82 KB)

Source: MQL5 #20545