Momentum Trader EA

Ok .. but I am also concerned for you that the refund thing is even easier for u to get scammed, but it's your call obviously. GL

Thank you. Well, I've been coding for 8 years and I can secure the code so that even if you decompile it, you won't see the algorithm. Once people with get their refund, their software will stop working. So I'm not worried about getting scamed.

Just my opinion about EAs in general, and Momentum Trader in particular, if anyone's interested. I personally think that one big flaw most Forex robots have is that they get caught up by news spikes and swift trend changes. A Forex bot that doesn't account for the news doesn't usually perform well (of course, you can contradict me). What is new about this EA is that it keeps away from the news spike, but then rides with the momentum caused by it. That's why it made 170 pips this Friday on the NFP. More than that, swift trend changes are usually caused by fast (news) spikes too. Momentum Trader just detects all these anomalies and trades them accordingly. Now that's the only info I can give you about it. I can't go into details.

Thanks

Nice, thanks for the info...obviously my confusion is based on something slightly more specific but you cannot divulge it. At the moment I see it like:

Difference of close prices gives a momentum score...just like stochs..

It's not actually like that. There are moments when it enters a long position, but the stochs might be overbought. It's not actually the difference of close prices, what I meant by using close data was that all my calculations are not done until the M15 candle closes. It doesn't use "unclosed" candles to compute momentum. That doesn't mean I'm using differences between subsequent closes. I hope that sheds a bit of light on it.

Thanks

PS: We obviously got on the wrong foot since the begining, sorry if I was a bit stingy, I've just had a few unpleasant experiences with people trying to profit from my work (and considering I'm a coder, this happens a lot). So I appologize.

Cool. Yeah stochs being a momentum oscillator means it is often used wrongly.. going into overbought simply means a strong bull wave has occurred

Exactly. That's why we get so many bad signals if we just use it as an overbought/oversold indicator.

For the Forex astro lovers, I present an indicator I coded a while ago, called NaturalCycles. The features will be presented in screenshots, in separate posts (I'm too lazy to write a huge post)

1. Full moon and New moon phase plotter

The indicator is able to plot horizontal lines at price of Full moon or New moon. This is the exact Full Moon/New Moon time (with 2-3 minutes error sometimes). The white lines are Full Moon lines and the red lines are New Moon lines. You will notice that the stars (the time that Full/New moon takes place) actually indicate tops/bottoms in price. The indicator also plots vertical dashed lines to point out the date of future Full/New Moons. In the image, you see a vertical red line, which indicates that on 15th March, 21:01 there is a New Moon.

A little explanation about what's going on at the bottom of the chart.

There you will get planetary info updated with every tick. For each of the 9 planets you will be able to see:

- percent of illumination (that way you can use all moon phases if you want, 45% means first quarter moon I believe, etc.);
- phase angle;
- zodiac sign in which the planet is (note that planets in the same sign as the Sun tend to impact people more, so they impact the markets too);
- ecliptic latitude and longitude;
- planetary motion (direct or retrograde).

This is very useful data for the market "esoteric" traders. The indicator also displays data about the Sun, like zodiac sign, ecliptic longitude and latitude or motion (yeah, I know, the Sun doesn't move, but we are using geocentric coordinates in financial astrology).

There is also the season on the right side, reminding you that changes of season might also impact the markets, as a new cycle begins.

On the very bottom where it says "Moon-Uranus ...." etc. we have planetary aspects. You can configure the indicator to plot the planetary aspects you are interested in (like Moon-Venus for instance) and even set it up so that it alerts you a few minutes before those aspects take place.

2. Zodiac signs

The indicator can plot a vertical line when a planet (you can set which one) changes signs in the zodiac. Below you have the Moon sign changes on the M15 chart and the Sun sign changes on the daily chart. Notice especially how the Sun sign transits affect the market.

3. Planetary motion changes

NaturalCycle can plot changes in planetary motion (from Direct to Retrograde or vice-versa). You need to look these up on each currency pair and see which planet affects that pair the most when it changes direction.

4. Planetary aspects support/resistance

As I've said, the planets that are in the same sign as the Sun influence people (hence, the markets, because they're traded by people) the most, so my indicator can also plot support/resistance based on the planetary aspects between the Moon and the planets. In the chart attached, I've set it to plot support/resistance based on the aspects of the Moon with the planets in Pisces (Uranus, Jupiter and Mercury).

5. Planetary aspect turning points

Planetary aspects can also be used as turning points, especially on the EURUSD pair. These aspects (coincidence?) very often appear to happen at important swing highs/lows. Nothing in this indicator is REPAINTING, since this is PURE TIME BASED, no price data used.

And now a small preview of the indicator inputs

If anyone's interested in buying this, let me know. I reiterate the fact that I am trying to earn money to place a bigger Forex investment, I'm not trying to make a living out of selling my EA or this indicator and I will not sell them forever.

Cheers!

Another screenshot with all Moon planetary aspects (the previous one only included the Moon with Pisces planets).

Excluding the trades opened Friday, that were closed in profit monday, the EA just banked +4 pips yesterday on GBPJPY and +47 pips today on GBPUSD (which had a 100 pip TP, went to +97, then reversed and hit my trailing stop).

Total for positions opened and closed this week: +51 pips

PS: zorro_fzr, I hope you got those pips

Hello everyone. I am very excited about the system. Yesterday first day when I put the real and launched two transactions. +48 pp Gbpusd made but turned back from +97 PP ) Unfortunately Gbpjpy closed at +2 after a race of +50 pp but overall I am after the first day +50 pp.
Thank you bumasoft for this. I hope it will go in the same way


Z

The price for this indicator is 200$. Those interested can drop me a comment here and we can use Paypal.

Good luck!

Nice to hear you're putting it to work. Congratulations! It just entered a short position on USDJPY, I hope you got into that and wish you good luck and many pips!

Cheers

Can you post the back test results on GU and GY for the last 5 years.

If you tell me how to download all that data, I'd be glad to. This might sound (and could actually be) stupid, but I couldn't figure out how to load more historical data to test it. Trying to download from the MetaTrader History Center doesn't help. Any ideas?

Thanks