About the Momo Trades Expert Advisor
Momo Trades is an MT4 Expert Advisor built to capture clean momentum moves in Forex markets.
It combines momentum indicators, trend confirmation, and volatility filters to enter high-probability directional trades.
Designed for systematic traders, the EA focuses on disciplined money management and clear entry/exit rules — making it suitable for demo experimentation and live deployment after proper validation.
The strategy targets sustained directional movement rather than chop, and can be tuned for intraday scalps or longer swing trades depending on your timeframe choice.
Free Download
Download the “Momo_Trades_V3.mq4” MT4 robot
Key Features
Momentum Core
Built around ATR-smoothed momentum indicators to identify acceleration and avoid false starts.
Trend Confirmation
Uses moving averages and higher-timeframe checks to align entries with the dominant market direction.
Volatility Filter
Adaptive ATR thresholds prevent the EA from trading during low-volatility periods and reduce stop-outs during spikes.
Smart Money Management
Risk-per-trade sizing, optional fixed lots, and equity protection rules are included to manage exposure prudently.
Trailing & Partial Close
Dynamic trailing stops and tiered partial close rules help lock in profits while allowing winners room to run.
Session Controls
Limit trading to preferred sessions and avoid low-liquidity hours or configured news windows.
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
How the EA Works
- Scans configured timeframes for momentum pullbacks that align with higher-timeframe trend bias.
- Validates signals with volatility and spread filters before placing an order.
- Places market or pending orders with preset stop loss and take profit levels.
- Activates trailing stop and partial close rules as the trade moves into profit.
- Enforces daily/equity drawdown limits and pauses trading if thresholds are breached.
Download
Download the “Momo_Trades_V3.ex4” Metatrader 4 robot
Parameters & Settings
- Momentum Indicator Periods and Smoothing
- Higher-timeframe confirmation toggle and timeframe
- ATR Period and volatility threshold multiplier
- Order type (market/pending) and entry offset
- Lot sizing: fixed lot or risk percentage per trade
- Stop Loss, Take Profit, Trailing Stop, and Partial Close levels
- Max spread, allowed sessions, news pause window
- Daily loss limit, max concurrent trades, magic number
Recommended Trading Setup
- Pairs: EURUSD, GBPUSD, USDJPY for consistent liquidity and tighter spreads
- Timeframes: M15–H1 recommended for balanced entries and signal clarity
- Broker: ECN-style broker with low spread and fast execution
- Risk: 0.5%–1% of equity per trade when moving to live accounts
- VPS: Recommended to ensure continuous operation and low latency
FAQ
Can Momo Trades be used on all pairs?
Yes, but performance varies — test each pair with backtests and forward demo runs before trading with real money.
Does the EA include news handling?
Yes, optional news/session filters can pause trading during high-impact releases to reduce slippage and erratic behavior.
Is the EA suitable for beginners?
Beginners can use Momo Trades on demo accounts to learn automated trading mechanics; follow conservative risk settings while learning.
How often should I re-optimize parameters?
Quarterly checks are recommended, or after clear market regime changes; always validate with out-of-sample forward testing.
What if the EA hits a daily drawdown limit?
The EA will pause new entries and optionally close existing positions based on your drawdown protection settings to preserve capital.
Summary
Momo Trades MT4 Expert Advisor is a momentum-first automated system with robust filters and sensible money management.
It’s designed for traders who prefer clear rules, visual trade diagnostics, and flexible parameterization.
Use the free download to test extensively on the demo and adapt settings to your broker’s conditions before committing live funds.
Proper risk controls and regular monitoring are essential for long-term success with any EA.
