Momentum Ea
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called Momentum Ea. Judging by its name, it is built around price momentum. It moves the stop behind price and can size trades from your risk. It has 16 settings, for example Remark1 (default == Main Settings ==), Magic Number (default 0) and Signal Mail (default False). Watch it on a demo account for a while — robots can behave differently with each broker. Inside: 1 EA file with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Expert advisor · MT4 · v1.0 · Free
About Momentum Ea
Momentum Ea is an expert advisor (trading robot) for MetaTrader 4. It moves the stop loss behind price (trailing stop / break-even) and can size trades from your balance and risk percent. It has 16 settings, such as Remark1, Magic number and Signal mail. MQL source code included.
Files in the download: Momentum Ea.mq4.
Trading robots can lose money. Check every setting and test on a demo account before using real funds.
Settings
| Setting | Default | What it does |
|---|---|---|
| Remark1 | == Main Settings == | |
| Magic number | 0 | Magic number that tells this EA's orders apart |
| Signal mail | False | |
| Each tick mode | True | |
| Distance moved | 50 | Distance between orders |
| Lots | 0 | Trade size in lots |
| Slippage | 5 | Maximum slippage allowed when opening a trade |
| Use stop loss | True | Stop loss distance |
| Stop loss | 20 | Stop loss distance |
| Use take profit | True | Take profit distance |
| Take profit | 10 | Take profit distance |
| Use trailing stop | False | Trailing stop distance or switch |
| Trailing stop | 30 | Trailing stop distance or switch |
| Move stop once | False | |
| Move stop when price | 50 | |
| Move stop to | 1 |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Experts.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the expert advisor from the Navigator onto a chart, check the settings, allow Algo/Auto Trading and press OK.
- Test it first on a demo account or in the Strategy Tester.
Tags: Momentum · Trailing Stop & Break-even · Risk & Lot Size · MT4 Expert Advisor · MQL4 Source Code