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MoMo Trade MT4

MoMo Trade MT4 (MT5 version https://www.mql5.com/ru/market/product/59093) - trading system based on one of the momentum strategies. It uses simple and reliable tools like MACD and EMA to find entry points. The trading strategy looks for reversal patterns after trend area. The EA has implemented to work on M5 timeframe and focuses on short-term profit targets. But it also can be used on any timeframe.

Volume calculation

The volume amount is fixed (Fixed volume) or calculated based on risk per trade parameter (Risk per trade). Fixed volume uses when Risk per trade = 0.

Trade pause intervals

Current server time is used! Time for EA`s work is set in format ##:##. For example, 06:00-20:00. Time for trade pause intervals has the same format. Intervals are separated with ";". For example, 13:15-13:30;15:30-16:30.

Partial close

Partial close closes only one part of a position! There is the opportunity to choose percent of volume to close part of a position, set stop loss to breakeven after closing part of a position, distance for trigger partial close.

Trailing Stop

Distance of trailing stop activation means distance of moving price to profit. Stop loss is never moved to greater side.

Multicurrency trading

For ability to trade on different instruments the EA should be set with equal Magic on each instrument. The only trade can be opened at one time on the same instrument. However, there are several positions can be opened at the same time, but each one on a separate instrument. Total count of opened trades is controlled by parameter Max opened trades for multicurrency.

Input parameters description

  • Fast EMA period - Period of fast EMA in MACD
  • Slow EMA period - Period of slow EMA in MACD
  • Trend area number of bars - Number of bars for calculating MACD average amplitude. The bigger number of bars, the longer should be trend area
  • Average MACD value - Average MACD value on trend area. The higher amplitude, the stronger should be trend on the trend area
  • Timeframe - EA's timeframe. The EA has been implemented for M5, but it can be used on any timeframe
  • Working time string - (more details about format above)
  • Pause intervals string - (more details about format above)
  • Stop Loss - Stop loss amount in points (5 digit points)
  • Take Profit - Take profit amount in points (5 digit points)
  • Fixed volume - Used only when Risk per trade = 0
  • Risk per trade - Percent of balance on one trade to loss. If 0, Fixed volume uses
  • Max opened trades for multicurrency - Maximum of simultaneously opened trades on different instruments
  • Close opened positions when out of working time - Close current open positions when not working time begins (true/false)

  • Enable partial close - On/Off partial close
  • Enable breakeven after partial close - On/Off setting stop to breakeven after partial close
  • Distance for partial close - 5 digit points
  • Percent of closed part - Percent of position volume for partial close

  • Enable trailing stop - On/Off trailing stop
  • Activation distance - Distance to the profit side for starting trailing stop work (5 digit points)
  • Trailing distance - Distance of trailing stop. Amount of stop loss changes to this distance (5 digit points)
  • Magic
  • Comment


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Van Hoa Nguyen
4.6 (20)
Experten
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Experten
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Experten
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4.31 (48)
Experten
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Experten
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4.15 (13)
Experten
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5 (1)
Experten
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Experten
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Experten
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5 (1)
Experten
-   Real price is 1000$   - Limited Discount (It is now 299$) Welcome, Bitcoin Expert opens automatically trade with Highly profit, Fixed Stop loss. After purchase, You can receive  Gold Trade Expert  for  Free ! Contact me for this  BONUS ! No Martingale, No Grid, No Scam It is fully focused on exploiting the volatility of the Bitcoin market by trading the breakouts of support and resistance levels with  many AI conditions to find best position trades. The focus of the EA lies on safety, whi
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Version 1.16 2021.07.22
- Ability to work an Expert Advisor with disabled auto trading
Version 1.15 2021.07.12
- A control flag of closure of current opened positions when not working time begins has been added
- The working time setting format has been changed
- A possibility to set trade pause intervals has been added
Version 1.14 2021.07.01
- Improvements and fixes of little errors in common trading logic.
Version 1.13 2021.06.24
- Slight improvements of the common trading logic
Version 1.12 2021.03.09
Changes in partial close logic. If position has min volume, it will not be closed at partial close point.
Version 1.11 2021.01.18
A new parameter Max opened trades for multicurrency has been introduced. It is responsible for maximum amount of opened trades and orders during trading on different symbols at one time. See the EA description for details.
Version 1.1 2020.12.20
Corrections in logic of symbol volume limit checks before trade operation