Momentum-Trading-Expert
21 $
14 $
This code is an Expert Advisor (EA) for automated trading in the MetaTrader platform (MT4 or MT5). It is designed to execute trades based on the Momentum indicator.
Momentum Trading, Forex for beginners
General Information
- EA Name: Momentum_trading
Configurable Inputs
- TakeProfit: Specifies the take profit level, default is
0. - Lots: Defines the trade lot size, default is
0.1. - StopLoss: Specifies the stop loss level in points, default is
100. - TrailingStart: The starting point for trailing stop, default is
100. - TrailingStep: The step size for trailing stop adjustment, default is
70.
Technical Highlights
- Momentum Indicator: The EA uses the
iMomentumfunction to analyze price momentum on two different timeframes. - Magic Number: A unique identifier for orders opened by this EA, generated dynamically during initialization.
- Risk Management: Includes configurable stop loss, take profit, and trailing stop levels to manage trades effectively.
- Order Selection: Filters orders based on the current symbol and
MagicNumberto ensure it manages only its own trades.
| Version | 1.00 |
|---|---|
| Type | Expert Advisor |
| Compatibility | MT4 |
| Trading Hours | All Times |
| Custom Inputs | Lots, Trailing, Stop Loss, Take Profit, ECN |
| Timeframes | M1 and M5 |
| Strategy Type | Scalping,Trend Following |
| Supported Pairs | ALL |
| Risk Management | Auto stop at high loss, Trailing Stop |
| Outputs | Automatic Buy/Sell |
×
![Large View]()