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发表于 2018-3-19 14:41:19
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Momentum EA
MOMENTUM EA is a price action swing system which does 2 things:
First strategy will hunt down strong price movements. It will then start opening multiple trades in the direction of that trend. The trades will either hit Take profit or Stop loss, or the EA will close the group of trades when it exceeds a certain profit. It is NOT a grid system and will only place extra trades if the momentum of the trend is continuing. If there is a reversal in the trend, it will not add extra trades.
Second strategy will try to catch these trend reversals. Also with this strategy, the EA will open multiple trades if the reversal trend is strong.
Settings
All trades have stop loss at a safe, but not too far distant. Protecting capital is rule number 1 in trading.
Some trades have fixed take profit, others will use a trailing stop
Multiple algorithms are used for managing the closing of the trade(s)
Even if price doesn't reach the take profit levels, the group of open trades can still close in profit. So we don't always need the trend to be very strong to be profitable.
Proved money-management techniques, used in all my EA's.
This is a long term EA, which does a lot of trades, but it will not trade every day. Only when strong price movements are detected, trades will be opened.
The EA is very versatile: it can be used and optimized on multiple timeframes and for multiple pairs. More timeframes and pairs will become available in the future.
The EA uses only candle OPEN and CLOSE values, so less risk for faulty backtesting (tick data testing and 'open-prices only' backtesting are almost identical)
This EA uses pure PRICE ACTION (price movement) for entering trades. No lagging indicators are used.
The EA has an "automatic settings loading" system build in, so it will automatically select the best settings for the pair and timeframe.
The EA is very limited influenced by spread or slippage, so it is safe to run in almost all market conditions and trade-account types.
The EA can do a lot of trades, so it is also very interesting to use it for rebates!
Parameters
EA SETUP PARAMETERS: here you can set the basic settings, like which pairs to run and which strategies to use
LOTSIZE SETTINGS: here you can determine how lotsize will be calculated
PARAMETERS: here you can set all individual parameters when not using automatic settings
STRATEGY A entry parameters: here you can set the entry conditions for Strategy A
STRATEGY B entry parameters: here you can set the entry conditions for Strategy B
GENERAL ENTRY PARAMETERS: here you can set the overall entry conditions
GENERAL EXIT PARAMETERS: here you can set the overall exit conditions
GAP FILTER: here you can activate the GAP filter
TRADE TIME SETTINGS: here you can choose which hours to trade
The full manual can be downloaded here
Recommended pairs and timeframes
M1: EURUSD and GBPUSD,
M5: EURUSD, GBPUSD, USDCHF, EURGBP, AUDUSD, USDJPY, EURJPY, GBPJPY, EURAUD, NZDUSD, EURCAD, USDCAD, AUDJPY and XAUUSD
M15: EURUSD, GBPUSD, USDCHF, USDCAD, USDJPY, EURJPY, GBPJPY, AUDUSD, NZDUSD, EURAUD, EURCAD, EURGBP, AUDJPY and XAUUSD
M30: EURUSD, GBPUSD, USDCHF, USDCAD, USDJPY, EURJPY, GBPJPY, AUDUSD, NZDUSD, EURAUD, EURCAD, EURGBP, AUDJPY and XAUUSD
H1: EURUSD, GBPUSD, USDCHF, USDCAD, USDJPY, EURJPY, GBPJPY, AUDUSD, NZDUSD, EURAUD, EURCAD, EURGBP, AUDJPY and XAUUSD
Since the EA can open a lot of trades, it is recommended to use an account with a high leverage (1:500 is recommended); or you can use a bigger account balance, or use a cent account.
Try the demo now!
About the Author
I have been trading Forex for more than 10 years and have been developing EA's for more than 3 years. All my EA's must always meet certain very strong criteria: live results must match the backtests; the EA should be as independent as possible from different market conditions (such as spread, slippage); EA's should follow simple, but powerful logic that workslong term;EA's should not be over-optimized and should work even when parameters are changed; EA's should ALWAYS use a Stop Loss which risk only very little of the account.
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