Skip to content

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.


    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 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


    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)

    Share this post!