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

TrendMomentumEA is a professional Expert Advisor for MetaTrader 5 designed to trade market trends and momentum movements using a combination of EMA, RSI and stochastic indicators. It is optimized for high-probability trading during the London and New York trading hours.

Trend Detection: Only buy when the price is above EMA50 and EMA200 and sell when it is below EMA50 and EMA200.

Momentum Confirmation: Use RSI and stochastic %K/%D crossovers to confirm entry signals.

Candle Confirmation: The trade will only start after the last closing candle meets trend and momentum criteria.

Session Filter: Automatically trade only during London and New York sessions (configurable via broker server time).

Position Management: Open only one trade at a time per symbol and magic number to avoid conflicts.

Risk management: Configurable lot size, stop loss and take profit.

The EA monitors the last closed candle to identify the current trend using EMA50 and EMA200.

If a trend exists, it checks RSI levels and stochastic crossovers to confirm momentum.

Once all conditions are met, it opens a buy or sell trade with predefined stop loss and take profit.

Trades are filtered by session, ensuring that the EA only runs during periods of high liquidity.

Symbols: Major Forex currency pairs (EURUSD, GBPUSD, USDJPY), indices, commodities.

Timeframes: M15, H1 are ideal; compatible with other timeframes.

Input parameters:

EMA50 and EMA200 periods

RSI Periods and Thresholds

Random %K, %D and slowdown

Stop Loss and Take Profit (in points)

London and New York time

Avoid trading in sideways markets by combining trend and momentum filters.

Reduce risk with magic number filtering and single-position logic.

Applicable to any MT5 broker, supporting 3-digit, 4-digit or 5-digit quotes.

Make sure the proxy server time is consistent with the session input.

Test on a demo account before trading live.

Designed for trend following and swing trading, not scalping.

Past performance is no guarantee of future results.

Attachment download

📎 Trend_Momentum_EA.mq5 (7.94 KB)

Source: MQL5 #68512