Momentum Capture Trend Forex EA | Mql5 Market Price: 625 USD
Strategy Introduction: https://www.mql5.com/en/market/product/26551
Real Trading Signals: https://www.mql5.com/en/signals/302389
· Forex EA Name: Momentum Capture Trend Forex EA. The EA aims to identify the beginning of new trends after major events and speeches. It has the capability to work with multiple currencies and timeframes.
After identifying strong price movements and momentum, it opens positions in the direction of the trend and waits for potential reversal orders. The EA does not use martingale or grid strategies.
Each timeframe can have one open order. Risk can be adjusted by not selecting all four timeframes, but generally, combinations of USD, EUR, GBP, CAD, and AUD are all tradable.
· Tradable Currency Pairs for EA Strategy: EURUSD/EURJPY/EURAUD/EURCAD/GBPUSD/USDCAD/USDCHF/GBPJPY/AUDJPY/AUDUSD/EURGBP/EURCHF.
· Trading Timeframes: Any timeframe, H1 recommended.
· Fox Trading Highlights: EURUSD/EURAUD/EURCAD/EURJPY/CADJPY/AUDJPY/AUDUSD/GBPAUD/EURNZD.
· Recommended Capital: 300-400 base currency/1 currency pair/0.01 lots.
· Operating Mode: EURUSD, H1 timeframe.
· Important Note: In the MT4 interface, go to Tools > Options > EA Trading, check the "Allow WebRequest for listed URL" option, and add the following URLs: http://fxdata.cc and http://backup.fxdata.cc.
IMPORTANT: every symbol should only be added to ONE of the four symbol lists else it might be traded twice!
symbolsNormal?- comma separated list of symbols to trade with events from both currencies.
symbolsIgnoreUSDevents?- These symbols will also be traded but not on USD events.
symbolsIgnoreEURevents?- These symbols will also be traded but not on EUR events.
symbolsIgnoreJPYevents?- These symbols will also be traded but not on JPY events.
tradeM5?- whether to use the M5 timeframe.
magicM5?- magic number for trades entered on M5 timeframe signals.
tradeM15?- whether to use the M15 timeframe.
magicM15?- magic number for trades entered on M15 timeframe signals.
tradeM30?- whether to use the M30 timeframe.
magicM30?- magic number for trades entered on M30 timeframe signals.
tradeH1?- whether to use the H1 timeframe.
magicH1?- magic number for trades entered on H1 timeframe signals.
lotType?- “fixed” or “increasing”, where the lot size is calculated automatically.
fixLots?- fixed lot size in case lotType = fixed.
lotStep?- how much the lot size should be increased every equityPerStep (if lotType = increasing).
equityPerStep?- how much equity is needed for one lot step (if lotType = increasing).
maxStop/maxMarketOrdersAllSymbols?- To limit the total number of open market and pending stop orders for all symbols.
pipInPoints?- for 5-digit brokers, this should be 10, for 4-digit brokers 1.
usePipsScaledToADR?- if true the pip value will be scaled to the average daily range, so 40 pips could then mean something between 20 and 80 normal pips.
useAutoEntryAndExitSettings?- whether to use the internally stored entry and exit settings.
waitTimeAfterNews?- how long to wait after a news event.
momentumStrengthMarket/Pending: Trend strength for entry.
stopLoss?- maximum stop loss used.
takeProfit?- take profit for trade exit. Usually the strategy will exit via trailing stop.
trailingStop?- trailing stop in pips.
trailingStart?- when to start the trailing stop.
trailingStep?- step size to modify the stop loss.
