Trend Flat Momentum MT5 EA

Overview

The Trend Flat Momentum is an Expert Advisor for MetaTrader 5, designed to automate trading based on a combination of technical indicators and pivot point analysis. Ideal for traders targeting trend and momentum shifts, it uses moving averages, RSI, and CCI to generate signals, with dynamic stop loss (SL) based on pivot highs/lows and fixed take profit (TP). Its strength lies in its multi-indicator confirmation and risk-managed trade execution, offering a robust tool for automated trading.

Features

This Expert Advisor delivers a sophisticated trading system. Indicator Setup: Uses SMMA (11, 25 periods, PRICE_MEDIAN), RSI (27 periods), and CCI (36, 55 periods, PRICE_CLOSE) for signal generation. Buy/Sell Signals: Triggers a buy on MA11 crossing above MA25, RSI > 58, and both CCI > 0; triggers a sell on MA11 crossing below MA25, RSI < 42, and both CCI < 0. Trade Execution: Places 0.1-lot trades (buy at Ask, sell at Bid) with SL at recent pivot low/high (2 bars left/right) or current Bid/Ask if no pivot, and TP at 300 points. New Bar Processing: Executes signals only on new bars, ensuring efficiency and avoiding redundant trades. Error Handling: Validates indicator handles and buffer data, logs rejections (e.g., RSI/CCI conditions not met), and releases indicators on deinitialization.

Benefits

The Trend Flat Momentum simplifies automated trading by combining multiple indicators for high-probability signals, reducing false entries. Its pivot-based SL and fixed TP ensure disciplined risk management, making it ideal for trend and momentum traders. The new-bar execution optimizes performance, while detailed logging aids strategy refinement. Supported by Allan Munene Mutiiria, this Expert Advisor offers a reliable, customizable solution for MetaTrader 5 users.

Specifications

• Type: Digital software (Expert Advisor for MetaTrader 5)
• Platform: MetaTrader 5
• Language: MQL5
• Version: 1.00
• Developer: Allan Munene Mutiiria - https://t.me/Forex_Algo_Trader
• Link: https://youtube.com/@ForexAlgo-Trader
• Requirements: Active MetaTrader 5 platform, forex symbols
• Indicators: SMMA (11, 25, PRICE_MEDIAN), RSI (27), CCI (36, 55, PRICE_CLOSE)
• Inputs: CCI periods (36, 55), RSI period (27), MA periods (11, 25), RSI threshold (58), TP (300 points), lot size (0.1), pivot bars (2 left/right)
• Trade Settings: 0.1 lots, pivot-based SL, 300-point TP, buy at Ask, sell at Bid
• Functionality: Multi-indicator signals, pivot SL, automated buy/sell orders
• Execution: New-bar signal check, tick-based processing
• Output: Trade execution, debug logs (signal rejections, pivot SL)