Momentum Capture EA v3.1 MT4

SIGNAL
the terminal settings, you need to add the news site to the list of allowed URL. Click Tools > Options > Expert Advisors. Check the option “Allow WebRequests or listed URL:“. Add these:
http://fxdata.cc

Key Features:
1. Strategy: The EA is based on price momentum analysis using indicators such as Momentum and moving averages (e.g. EMA). It tracks strong price movements to enter the market in the direction of the momentum and closes positions when the trend weakens.
2. Indicators:
– Momentum: Determines the strength and direction of the price movement. The EA can enter the market when the Momentum line crosses a certain level (e.g. 100) in the direction of growth or decline.
– Moving Average (EMA): Used to confirm the trend. The market is entered when the EMA line coincides with the Momentum direction.
3. Position Management:
– The EA does not set fixed stop losses and take profits. Positions are closed dynamically depending on the market situation, which allows you to adapt to changing conditions.
– Supports trailing stop to lock in profits when the price moves favorably.
4. Trading frequency: The EA is not a scalper and trades moderately, making trades no more than 1-2 times a week, which makes it less aggressive than high-risk systems.
5. Risk and return: The developers claim a mathematical expectation of winning of about 91% with a risk of 11%, which indicates a high probability of profitable trades, but requires careful capital management.

How it works:
– Market analysis: Momentum Capture EA v3.1 uses the Momentum indicator to identify strong price movements. For example, entering a long position can occur when Momentum rises above the zero level, and EMA confirms an uptrend.
– Market entry: The EA opens a trade when both indicators (Momentum and EMA) confirm the direction of movement. This reduces the number of false signals.
– Market Exit: Positions are closed when the momentum weakens (e.g. Momentum starts to decline) or when certain conditions are reached, such as a trend reversal.
– Risk Management: The lack of fixed stop losses is compensated by dynamic closing of trades, but this requires the trader to closely monitor the market and adjust the parameters.

Settings:
– Momentum Period: Allows you to adjust the indicator sensitivity (14 is often used by default).
– EMA Period: Determines the length of the moving average for filtering the trend (e.g. 21 or 50).
– Lot Size: Ability to set a fixed lot or auto-calculate based on the deposit.
– Trailing Stop: Adjustable parameter for taking profits.
– Time Filters: Ability to limit trading to certain sessions (e.g. London or American).

Application:
– Currency pairs: Volatile pairs such as EUR/USD, GBP/USD, USD/JPY are recommended, where impulse movements are more pronounced.
– Timeframes: It is optimal to use timeframes M15, M30 or H1 to capture short-term and medium-term movements.
-Advantages:
– High probability of profitable trades (claimed 91%).
– Adaptability to market conditions due to dynamic closing of positions.
– Suitable for traders who prefer a moderate frequency of trades.

Disadvantages:
– The lack of fixed stop losses increases the risk in high volatility conditions.
– Efficiency highly depends on the correct settings of the parameters.
– May be less effective in low-volatility markets or in flats.

Notes:
The EA does not use aggressive methods like martingale or grid trading, which makes it safer, but it requires the trader to understand the market and test it on a demo account before using it on a real account. There is no information about the exact updates to version 3.1, but it is assumed that it includes improvements in signal filtering compared to previous versions.