The Momentum EA for Metatrader 4 is a fully automated Forex trading robot that opens buy & sell trades based on the momentum indicator.
This expert advisor deploys oversold and overbought momentum indicator conditions + digital market noise filter.
As always, please use this EA on a demo account first until you fully understand how it works and how it performs over an extended period of time.
Trade Information
The Momentum EA works for any currency pair and is optimized for the M15 and H1 trading charts.
It won 71.3% of its trades during the testing phase!
Free Download
Download the “Momentum EA.ex4” expert advisor
Track Record
Find below the Momentum EA expert advisor trading performance chart (click on the picture for full size view).
- Profit trades: 71.3%
- Loss trades: 28.7%
- Trading activity: 59.2%
Download This Expert Advisor
Download the “Momentum EA.ex4” EA
Recommendations & Specifications
- Trading instruments: Any currency pair
- Time frames: M15 & H1 (works on any time frame)
- Minimum account balance: $100
- Demo account: Yes
- Real account: Yes
- Trading platform: Metatrader 4
Chart Example
The picture below shows the Momentum EA robot attached to the EUR/USD H1 chart.
Input Parameters & Settings
The following input parameter values can be modified by accessing the EA’s “Inputs” tab:
Lot size, trade buy, trade sell, support manual orders, use hedge, maximum orders, start lots, take profit, stop loss, trailing stop, start hour, end hour
How to install and run the Momentum EA?
- Open the Metatrader 4 platform
- From the top menu, click on “File”
- Now click on “Open Data Folder”
- Open the “MQL4” folder
- Open the “Experts” folder
- Copy the Momentum EA.ex4 file here
- Then close and restart the MT4 platform
- Attach the expert advisor to the chart
Now, you are ready to start using the Momentum EA expert advisor!