Name: Momentum Grid
Category: Grid
Price: FREE
Pairs: GBPUSD
Time frame: M5
Time: 24h
ECN ready: Yes
NFA ready: No
Execution: Auto
Stealth mode: Yes
4/5 Digits: Yes
MM: Yes
INFORMATION
This EA uses the built-in Momentum indicator of your MT4 platform. Momentum Grid is a martingale grid. That means high profit and high risk. Momentum indicator tell us when GBPUSD pair is bullish or bearish. The EA place sell orders when the pair is bearish and buy orders when it is bullish.
Momentum Grid performs better on GBPUSD pair and M5 timeframe.
1. Shutdown your Metatrader platform
2. Copy the expert advisor file into the /experts folder of your Metatrader software (Example: C:\Program Files/MetaTrader4/experts)
SETTINGS MANUAL
grid_size: expert advisor will use this data in order to know when to place new orders
take_profit: money management system takes this, minimum_lots and progression to calculate "take profit" in dollars
profit_lock: from 0.5 (50%) to 0.9 (90%). This is the profit locked once you reach take profit.
min_lots: minimum lots for your orders. The EA will take min_lots as the minimum unit.
min_lots_increment: minimum lots increment.
profit_mode: 1 normal, 2 maximize
account_risk: it is the percentage of total account risked with the ea
BACKTESTS
You can see results from 2 different backtests below. We use same pair (GBPUSD), same time frame, same settings, but different profit mode.
have you tested the EA in a demo or real account. If yes you can give us a screen shot of the account using that particular EA. it will help the forum members immensely.
i have not tested this EA especially at the moment. Because i have so much inquiries atthe moment. But i will test it for instaforex accounts in the near future at backtest. If the Backtest looks like this i will write something whats good or bad.
The RSI Grid have had i tested back and the result looks a little bit differently from the original backtest but that ea i will use in forewardtesting in a few weeks at an instaforexaccount.
A place that unites the two continents and separating of two oceans
Posts
1,030
Accumulated bonus
317.10 USD
Thanks
8
Thanked 9 Times in 5 Posts
Looks like this ea, pretty good when viewed from the backtest. I want to try it, maybe I could find a match with this EA. Is there any people who have tested, both in the demo account or real account?
I have never seen such a good EA with such a good result for free. Many many thanks for the EA to post here. I am downloading it if I found it profitable then I will post some results here. Lest me backtest it.
I like the momentum indicator very much, I used it in some trades but when I make some changes in my strategy I changed the momentum with other indicator which is the CCI,
I have a question to you all please, is there any momentum indicator which I can modify in its configuration the time frame, because the built in momentum I can use it only in the current time frame.
but I want it to be for manual trading and an expert adviser, I never used robots and experts, I trade only with normal and manual indicators, and please upload it here so I can download it easily. thanks in advance.
The EA is not shared by the thread starter then how someone may test this EA,s results, i think posters should share the EA,s on the forum and should attach it here. How to do a forward test with set file?
Reply With Quote
