I would like to read more about the concept. Reviews and Ratings of Forex Brokers and Services. The strategy does not use a hard stop loss. Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Here are some expsrt.

How to present a product for a sell-through Since the EA can open a lot of trades, it is recommended to use an account with a high leverage is recommended ; or you can use a bigger account balance, or use a cent account. I have been trading Forex for more than 10 years and have been developing EA's for more than 3 years. All my EA's must always meet certain very strong criteria: live results must match the backtests; the EA should be as independent as possible from different market conditions such as spread, slippage ; EA's should follow simple, but powerful logic that works long term; EA's should not be over-optimized and should work even when parameters are changed; EA's should ALWAYS use a Stop Loss which risk only very little of the account.

Perhaps it's good for trending markets. But it's really poor on ranging markets. This EA wins on price fly away crying headache situations where other EAs hit SL. Added to my portfolio. If the Creator of the EA right about the long term, rent is not suitable at all! Extend the lease at current losses will look like attempt to win. This EA is the best I've ever seen. I have developed EA's, and I do know that the only way to create a profitable one is to have dynamic entries and exits which Wim coded beautifully.

Most of the haters are expecting a strategy which never loses. Wim's EA does have losing streaks, but in the end it is a very profitable strategy. And Wim is very patient and answers all questions you may have. Is a serious realistic EA with realistic backtests in H1 especially. Firstly, if you have thoroughly back tested the system and then started to get wildly differing result while running it live, you free expert advisor for forex trading 8 tap a reason to be metatrader 5 to excel in class off or angry with the product.

If you did not do your due diligence with testing the system, you have no reason to be angry. It is your fault for not testing and finding what the largest draw downs, losing streaks, ect are. Before I purchased the EA, I did extensive testing with it in the backtester to figure out if it was really worth my time and money. I found that if I ran it on only one pair, EURUSD H1 and only strategy 1, the EA would produce results that were within my appetite for risk.

After purchasing it, I retested to make sure my results were similar and I found no major differences. Therefore, I could determine the pip values for each period I tested then apply my own money management after. I am going to post a spreadsheet of my monthly results below. Notice that if you were to run the whole test from Jan,1, to the date in which I stopped, the total amount is off by about pips. This is my margin of error that resulted in testing each month Individually and not just testing the period as a whole.

If you have any question, comments or concerns, dont hesitate to ask. These results are my personal testing. Please do your own testing and dont copy my results. I rented this for three months. Wim offers no support. The EA will look good on the backtest but on a live account it will just lose your money. It opens multiple trades for the same pair in both directions hoping to catch a trend but the trade will always hit the stoploss.

More and more posters are catching on about the poor results of this EA. Here is my experience on both live and demo accounts. The reason it's on sale is because it's results aren't as promoted in the unrealistic back testing which is always the case, not just for this EAbut also the mediocre live fx book results a fluke period perhaps? The claim that this software hunts down strong price movements is only correct in that it will pile on trades to price movements that have already happened, expecting that there'll be a bigger trend it relies on the mega movements that shock the markets every few weeks or so.

In reality what happens is it opens trades at the peak of a movement or trough and then with the inevitable pullback all of those piled on trades tap out on the stoploss. It is claimed that the software can be controlled to only have two trades open per currency pair that is you flick off strategy twoI have not found this to be the case with it opening 3,4,5 trades late into a price movement and then all tapping out.

It typically magnifies losses in uncontrollable manner, I can trade manually better than this thing and have since recovered my losses with signal services and my own trading. With the strategy that sets up staggered buy stop and sell stop orders, it even ended up opening a buy and a sell order on the same currency pair simultaneously at the top and bottom of a channel it supposedly doesn't do hedging.

The type of price movement needed to make such trading profitable would be like winning the lottery. The live FX books results show a four-month period where it was profitable this must be a fluke period. That isn't the results of an algorithm that is working well, it's essentially relying on market shocks and piling trades on late to possibly get by in the long run. I wasn't expecting it to be magical, but I did expect it to free expert advisor for forex trading 8 tap with a winning trade rate that is at least within the same order of magnitude as is promoted in the backtesting and fx book results call me crazy.

You will pull your hair out watching it pile on trades late into a price movement that you know is about to pullback. No amount of account management will sustain such a loss rate. And don't let him tell you that "it's the markets fault" for not moving much this week when it opens a tonne free expert advisor for forex trading 8 tap trades late into a price movement that pullback and tap out.

I wasted USD, don't even bother renting it. I can only agree with all of the points Francesco has raised in his very detailed review before me. I trade since 8 years ago in forex, as much of the people at begging I already passed the dream phases where I believe that few usd cost scalping EA or few eur martungale systems could have made me rich in few time. Thanks to had suffered more than one full account blowing I quickly realized that to achieve reliable long term results in trading is an hard work in any case!

After this several years study, I am able to select very few but excellent EA free expert advisor for forex trading 8 tap put in my portfolio, trading live account and see my profit grown month after month. A selected Momentum EA as one of my most favorite EA in my portfolio, and want to share with you the most important point in my checklist that Momentum EA passed and, according with my experience, this are the key points to secure, first of all really control of the risk and be sure I can always forecast the maximum drawdown that I am prepared to accept, second, as logical conseguence, I will see my profit expectations fullfilled.

These checklist aim not only to see the profit potential but, more important, the stability od teh results in the past that is the most logical metrics to keep expectation for the future. I suggest who is considering to buy sume EA to check if it fullfill the ALL the following points. I did it with hundreds of EA in mql5.

So as a christmas gift to all of you that will avoid you to avoid lose money in buying not good EA, to avoid you to lose a lot of money in using not good EA and will you to realize why Momentum EA is a really professional trading system where you can keep serious expctation for the future. So it is up to you decide if Momentum EA is for you or not, but I am sure it is great for me and I need to thanks Wim one time more for his great job.

So far so good. An impressive EA, but the most outstanding thing is Wim's help and support in getting it up and running, his quick responses to queries. Patience paid off good. I made at least 10x of the price I paid. Wim has been very nice and extremely supportive. Wim really knows his stuff, and this one is making good consistant gains with low DD. I've already made back the purchase price. Thanks for the great support Wim is really professional in his work, and from his EAs, you can see it is really a QUALITY EA.

You can see he is trying to make sure the EA works well in default without optimization for anyone to use. As it is relatively new it will take me sometime to review again to see if backtest matches live forward tests. As usual, will review in 6 months time! The author gives support in time, I will be according to the performance of the EA, adjust my evaluation. Buy: USD Rent: For 3 months: USD For 6 months: USD For 1 year: USD Free Demo. Have you installed MetaTrader 4?

MetaTrader 4 is required for installing Momentum EA demo. Yes, I have MetaTrader 4. No, I have no MetaTrader 4. GBPJPY Price Action EA. MOMENTUM EA is a price action swing system which does 2 things:. First strategy will hunt down strong price movements. It will then start opening multiple trades in the direction of that trend. The trades will either hit Take profit or Stop loss, or the EA will close the group of trades when it exceeds a certain profit.

It is NOT a grid system and will only place extra trades if the momentum of the trend is continuing. If there is a reversal in the trend, it will not add extra trades. Second strategy will try to catch these trend reversals. Also does forex really work 7 to 3 this strategy, the EA will open multiple trades if the reversal trend is strong. All trades have stop loss at a safe, but not too far distant.

Protecting capital is rule number 1 in trading. Some trades have fixed take profit, others will use a trailing stop. Multiple algorithms are used for managing the closing of the trade s. Even if price doesn't reach the take profit levels, free expert advisor for forex trading 8 tap group of open trades can still close in profit.

So we don't always need the trend to be very strong to be profitable. Proved money-management techniques, used in all my EA's. This is a long term EA, which does a lot of trades, but it will not trade every day. Only when strong price movements are detected, trades will be opened. The EA is very versatile: it can be debt put option definition utilitarianism and optimized on multiple timeframes and for multiple pairs.

More timeframes and pairs will become available in the future. The EA uses only candle OPEN and CLOSE values, so less risk for faulty backtesting tick data testing and 'open-prices only' backtesting are almost identical. This EA uses pure PRICE ACTION price movement for entering trades. No lagging indicators are used. The EA has an "automatic settings loading" system build in, so it will automatically select the best settings for the pair and timeframe.

The EA is very limited influenced by spread or slippage, so it is safe to run in almost all market conditions and trade-account types. The EA can do a lot of trades, so it is also very interesting to use it for rebates! OneChartSetup: If set to truethe EA will run all pairs on the timeframe of the chart. The pairs you want to use must be set in the following parameters.

DeletePendingOrdersOnRestart: when enabled, the EA will first delete all pending orders when re-attaching the EA to the chart. Autolotsize: when set to 'true', the EA will automatically determine the lotsize, based on the balance and the lotsizesteps parameter. LotsizeSteps: here you can set the step-size of balance, for which the EA will use 0. OnlyUp: When set to 'true', the EA will never lower the lotsize if balance goes down.

StartLots: here you can set the lotsize that you want to use when autolotsize is disabled. MaxLots: here you can set the maximum lotsize that the EA will use. Recommended pairs and timeframes. M1: EURUSD and GBPUSD. M5: EURUSD, GBPUSD, USDCHF, EURGBP, AUDUSD, USDJPY, EURJPY, GBPJPY, EURAUD, NZDUSD, EURCAD, USDCAD and XAUUSD. M EURUSD, GBPUSD, USDCHF, USDCAD, USDJPY, EURJPY, GBPJPY, AUDUSD, NZDUSD, EURAUD, EURCAD, EURGBP and XAUUSD.

H1: EURUSD, GBPUSD, USDCHF, USDCAD, USDJPY, EURJPY, GBPJPY, AUDUSD, NZDUSD, EURAUD, EURCAD, EURGBP and XAUUSD. Since the EA can open a lot of trades, it is recommended to use an account with a high leverage is recommended ; or you can use a bigger account balance, or use a cent account. Try the demo now! Trade rules are very simple.

But it is very profitable. Perhaps it will be useful for a long term. The reversal deal is very powerful. Even if the first position becomes SL,the reversal position will recover the loss. Account funds are decreasing rapidly Mein erster Monat war ziemlich schlecht. Momentan nur H1 und M What australian forex trader magazine the difference between Momentum EA and Martingale EA?

Martingale wins a bit and then looses a lot. Momentum EA looses a bit then wins a lot. Momentum will follow the trend, Martingale crashes against trend. Wim is very professional developer. Top EA on MQL5. Wim's help and support is excellent. As I understand it, the positive feedback this has worked well in the past a good testand, in the opinion of the Creator in the future long term expert Like a real user of this EA, can report about the real picture of the present time: earns a month, for a week and loses even more.

Francisco Javier Lucena Zurera. I have been seeing some negative comments regarding this EA and I would like to share my experience. Excellent signal, great support. The system works best in trending markets and needs to be run over a longer period of time to show off. User didn't leave any comment to the rating. I lost today as much as I gain in the last week. This EA does what it free expert advisor for forex trading 8 tap on the tin! Thank you Wim for your continuous efforts and sharing your EA's with the community!

Then I choose the second option and decided to really learn how to evaluate a trading system. In coonclusion I want to adda than for me Momentum EA fullfilled all these points already with verion 2. Happy new year to all of you. Unrivaled professionalism along with a very solid product. Simple but effective strategy and great support by Wim! This is best EA. Seems to be very good on the longterm.

Thanks for the great support. As usual excellent support. So far i am in profit. Wim is really professional in his work, and from his EAs, you can see it is really a QUALITY EA. Great support and communication from Wim as always! Added NZDUSD M5 and USDCAD M5 Improved GBPJPY H1. Added support for usdchf M15 and usdjpy M Free technical indicators and robots.

Articles about programming and trading. Order trading robots on the Freelance. Market of Expert Advisors and applications. Low latency forex VPS. MetaTrader 5 Trading Platform. MetaTrader 5 User Manual. About Timeline Terms and Conditions. Join us — download MetaTrader 5! CopyrightMQL5 Ltd. Buy: USD For 3 months: USD For 6 months: USD For 1 year: USD Free Demo.

34,000% Profit FREE Expert Advisor

Video embedded  · The scalping expert advisor is available as a free download. Scalper EA Trading Rules. Chart: Too many scalping expert advisors tap into the. Momentum EA: MOMENTUM EA is a I have been trading Forex for more than 10 years and have been developing EA's for more than (long term expert))) Like a real. The Nation's Largest Network of Top Rated, Local Home Improvement Pros!.