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    Member Snoopy1234 has a spectacular aura about Snoopy1234 has a spectacular aura about Snoopy1234's Avatar
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    Momentum Grid EA

    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.

    METATRADER DOWNLOADS

    Latest update: September 22, 2011
    Latest version: v1.5
    MT4 Expert Advisor: download

    INSTALLATION

    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.

    Backtest 1: profit_mode=1
    Backtest 2: profit_mode=2

    BACKTEST 1

    Test period: January 1, 2010 - March 19, 2011
    Pair: GBPUSD
    Time frame: M5
    Set file: download
    Detailed report: view



    BACKTEST 2

    Test period: January 1, 2010 - March 19, 2011
    Pair: GBPUSD
    Time frame: M5
    Set file: download
    Detailed report: view

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