4H Momentum Strategy

I have been testing a simple Momentum Strategy on a micro Live Account over the last few weeks on the 1 hour TF with reasonable results... I have extended the same concept out to the 4 hour chart to see if it would be easier to trade/give better returns on a longer TF...

Even on the 4H TF it is good at picking up the change in longer term trends... (See Below) Especially this latest early May stratospheric move up on the NAS100 (NASDAQ)
(NASDAQ 4 Hour Heikin Ashi Chart)

I use a 5 Period Mom Indicator with a cross above the 100.6 for a Buy signal and a cross below the 99.4 level to trigger a Sell signal... Two methods of closing out the open position... Either a cross back above (Short Position) or below (Long Position) of the Momentum 100 level or a change of colour of the Heikin Ashi Candles. I have tried to enable Price Action level/strength/impulse control of Risk Management as should be visible in the displayed screenshots.

Have also been trialling results off the US500 (S&P500) and the AUDUSD... Which currently uncannily all look the same...


I code my own Algo's... I have automated entries and exits due to the low volume of signals using this strategy on the larger TF's which has been moderately profitable with such small position sizing... Positive and Negative Feedback/ideas/developments...??? Cheers

Let me try

(NASDAQ 4 Hour Heikin Ashi Chart)

The Strategy still has us in this amazingly profitable run up above the 18500 level on the NASDAQ..... 1100+ Pips since the start of May....

Note how the liquidity grabs are filtered out by the Indicator... We haven't had a reversal of signal...

(NASDAQ 4 Hour Heikin Ashi Chart)

Profitable run up above the 18900 level on the NASDAQ..... 1330+ Pips Banked before a change in momentum Sentiment....

~$2000 profit trade with a 1 Lot position ($1415 Margin Requirement)... Even on a small $AUD2000 account | Account Balance now $3985...

hi
chart look very clean
would u mind sharing the indicators and template
to try
thank you

Hi Xepo-fx... I use the Ctrader Platform for these markets... This is just a normal Momentum Indicator with Levels and Alerts... Settings contained in previous posts... I code these Indicators and Strategies... I don't distribute this software... Have a look on MQL5 Website, you should be able to find the Momentum Indicator with Alerts (MT4-MT5) to trial on a Demo for free...

(NASDAQ 4 Hour Heikin Ashi Chart)

102+ Pips Banked on a downward move on the NASDAQ... Before the change back to upward Momentum....

~$165 (Less Swap) profit trade with a 1 Lot position ($1415 Margin Requirement)... $AUD3985 account | Account Balance now $4142...

hi TWB
thank you for the reply
will be looking forward for your setup and thank you for the guide

(NASDAQ 4 Hour Heikin Ashi Chart)

16+ Pips Banked on an upward move on the NASDAQ... Before the change back to Downward Momentum....

~$22 (Less Swap) profit trade with a 1 Lot position ($1415 Margin Requirement)... $AUD4142 account | Account Balance now $4162...

~272 pip ($402) Short position open... Will close out at the end of US Session and EOM in 26 hours.

(NASDAQ 4 Hour Heikin Ashi Chart)

186+ Pips Banked on a downward move on the NASDAQ... Before the change back to upward Momentum....

~$281 (Less Swap) profit trade with a 1 Lot position ($1415 Margin Requirement)... $AUD4162 account | Account Balance now $4443...

~466 pip ($698) Long position still open...

(NASDAQ 4 Hour Heikin Ashi Chart)

186+ Pips Banked on a downward move on the NASDAQ... Before the change back to upward Momentum....

~$281 (Less Swap) profit trade with a 1 Lot position ($1415 Margin Requirement)... $AUD4162 account | Account Balance now $4443...

~636 pip ($965) Long position still open...

I've been busy so haven't posted for a while.... Not that anyone is paying attention.....

Attached Image (click to enlarge)

(NASDAQ 4 Hour Heikin Ashi Chart)

Since last post... (June 2th 2024)

~1366 pip ($1985) (Less Swap) profit trade from Long Position

~364 pip ($525) (Less Swap) profit trade from Short Position

~228 pip ($323) (Less Swap) profit trade from Long Position

~36 pip ($44) (Less Swap) profit trade from Short Position


~1994 Pips across 30 days (3/6/2024 - 4/7/2024)

~1994 pips (Inc. Swap) profit trade with a 1 Lot position ($1415 Margin Requirement)... $AUD2877 account | Account Balance now $7320...

~416 pip ($615) (Less Swap) Long position still open...

I've been busy so haven't posted for a while.... Not that anyone is paying attention.....

Attached Image (click to enlarge)

(NASDAQ 4 Hour Heikin Ashi Chart)

~857 pip ($1255) (Less Swap) Long position now closed...

~322 pip ($470) (Less Swap) Short position now closed...

~3173 pips (Inc. Swap) profit trade with a 1 Lot position ($1517 Margin Requirement)... $AUD7320 account | Account Balance now $9045...

~146 pip ($205) (Less Swap) Long position still open...

Haven't posted for a while.... Not that anyone is paying attention.....



(NASDAQ 4 Hour Heikin Ashi Chart)

~15 pip ($20) (Less Swap) Long position now closed...

~670 pip ($1015) (Less Swap) Short position now closed...

~74 pip ($105) (Less Swap) Long position now closed...

~759 pips (Inc. Swap) profit trade with a 1 Lot position ($1517 Margin Requirement)... $AUD9045 account | Account Balance now $10185...

~609 pip ($920) (Less Swap) Short position still open...

still paying attention! how is this system working, still trading with it? how are the returns in a consolidating market if i may ask?