Momentum Forex Trading Expert Advisor is an automated forex robot usually being sold for 30$. This EA works on the Momentum indicator, which is a leading indicator on the forex market. To enter a position, the advisor uses the oversold or overbought conditions of this indicator, catching the mood of traders.

Please test in a demo account first for at least a week. Also, Make yourself familiar and understand how this momentum robot works, then only use it in a real account.

Recommendations

  • Minimum standard account balance of 250$ .
  • Work on any pair. (There are optimized preset for some pairs)
  • Work best on M15 and H1 (Work on any time frame)
  • For best performance this Forex Trading Expert Advisor should be online 24 hours, Recommend using a VPS (Reliable and Trusted FOREX VPS – FXVM)
  • Low Spread ECN account is also recommended (Find the Perfect Broker For You Here)

Min Deposit of 100$
Simple and easy to use

Levergae up to 1:400

Min Deposit of 5$
Allow Cent Acount
Levergae up to 1:888

Min Deposit of 20$
Allow USA Traders
Levergae up to 1:500

  • Open new series –> on/off beginning of a new seri
  • Start lots –> start lot.
  • Trade Buy –> allow the adviser to buy.
  • Trade Sell –> allow the adviser to sell.
  • Support manual orders -> allowed or not for EA manage manual orders.
  • Use hedge –> allow the adviser to trade both direction buy and sell. If off only one trade direction.
  • Use Money Management –> on/off use of automatic lot calculation.
  • Autolot. Free margin for each 0.01 lot –> the amount of free margin for opening every 0.01 lots.
  • Lot miltiplier -> lot multiplier for the following orders.
  • TP -> take profit, in pips.
  • SL –> stop loss, in pips from the first order.
  • Trail Start –> activation of a trailing stop.
  • Trail Step –> distance from the price when activating a trailing stop.
  • DD Reduction Algoritm -> drawdown reduction algorithm it when last order with profit will be close with first order series with loss.
  • Number order for DD Reduction Algoritm ->  from which order the drawdown reduction algorithm is activated.
  • Percent profit for DD Reduction Algoritm -> percentage of profit when closing orders in the drawdown reduction mode.
  • Magic –> is a special number that the EA assigns to its orders.
  • Fix distance –> fixed distance between orders
  • Order dinamic distance -> from which order will the dynamic distance be applied in order.
  • Dinamic distance start –> the starting value for the dynamic distance.
  • Distance multiplier –> the dynamic distance multiplier.
  • Start, End hour –> time for opening the first order.
  • Maximum Lot –> maximum lot.
  • Maximum spread –> the maximum spread for the adviser.

Momentum Parameters

  • Mom_Period –> period of the Momentum indicator.
  • Up Level –> the reading of the Momentum indicator above which the EA sells.
  • Down Level –> the reading of the Momentum indicator below which the advisor buys.

Get Forex Trading Expert Advisor HERE