Momo Trades Metatrader 4 Forex Robot

The Momo trades Metatrader 4 Forex robot is an algorithmic trader that is built on the trading idea of the iMACD (Moving Average Convergence/Divergence, MACD) Oscillator and the iMA (Moving Average, MA) trend indicator.

Combining the MACD and the MA indicator into a set of rules allows the Momo EA conveniently open automated buy and sell market positions.

The default settings of the Momo trades EA are fit for the EUR/JPY 1 Hour chart forex pair.

Just like any other trading robot, the Momo trades expert advisor is packed with a risk management feature, which allows it evaluate risk before executing any market order.

Free Download

Download the “Momo_Trades_V3.mq4” MT4 robot

Strategy Tester Report

Find below the Momo trades robot strategy tester report for the EUR/JPY forex pair on the 1 Hour chart.

Overall Performance

The EA made a total profit of $1702.92 from a total of 16 trades. The largest winning trade generated $1532.59 in profits, while the largest losing trade generated a loss of-$1307.55.

Statistics:

Bars in test: 2048 ticks modelled

Initial deposit: $10000.00

Total net profit: $1702.92

Total trades: 16

Largest profit trade: $1532.59

Largest loss trade: -$1307.55

Consecutive wins: 2

Consecutive losses: 2

Download

Download the “Momo_Trades_V3.ex4” Metatrader 4 robot

MT4 Forex Robot Characteristics

Currency pairs: Any

Platform: Metatrader 4

Type: Expert advisor

Input Parameters: Enable “no loss”, When to move break even, How much pips to move sl, Lots size, MaximumRisk, DecreaseFactor, TrailingStop, Stop Loss, MagicNumber, TakeProfit…

Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

Type: MACD | MA

Installation

Copy and paste the Momo_Trades_V3.mq4 into the MQL4 Experts folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Experts (paste here)

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