Momentum Moving Average Expert Advisor For Metatrader 4
The Graal Forex Robot combines momentum and moving averages to open buy and sell trades automatically when all market conditions are met.
The robot uses a momentum based filter of 0.1 to reduce the number of false trade entries.
It’s a fully automated Forex robot that trades any currency pair and time frame.
The default take profit target is set to 200!
Based on the Graal EA tester report, the robot works well on the EUR/USD 15-minute chart.
Feel free to deploy the robot on any currency pair of your choice.
Default EA settings:
Lots: 0.1, stop loss: 20, take profit: 200, maximum slippage: 3
All default Graal robot EA settings can be modified directly by editing the source code or changing the robot’s input values.
It’s highly recommended to test the Graal expert advisor for MT4 on a demo account first before running it on a real Forex account.
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Strategy Tester Performance Report
Find below the MT4 strategy tester performance report for the Graal MT4 expert advisor attached to the EUR/USD M15 chart.
Strategy Tester Performance Highlights
The Graal MT4 expert advisor made a total profit of $1887.02 from 53 trades during the test period.
The largest winning trade generated $200.36 in profit, while the largest losing trade lost -$233.85.
See the test results report above for all details.
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Lots, stop loss, take profit, fast period, slow period, momentum period, momentum filter, percent capital, slippage, magic number.
More Info About This Expert Advisor
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: trend + momentum
Copy and paste the expert advisor in the MT4 experts data folder.
Then restart the MT4 terminal and attach it to any chart.