If you're looking to level up your trading game, the Anchored Momentum system is a solid choice. This trading system uses the Anchored Momentum indicator to generate clear signals. You'll get a trade signal right at the bar close whenever there's a breakout through the high or low level indicator. Exiting the trade is straightforward, too—you can either set a pending order or react to the indicator changing colors from pink to green (or vice versa).
To get started, simply place the AnchoredMomentum.ex5 compiled file into your terminal's data folder under MQL5/Indicators.
During the tests shown below, we used the default input parameters for the Expert Advisor. It's worth noting that we did not utilize Stop Loss or Take Profit during these tests.
Fig. 1. Instances of trade history on the chart.
Looking at the testing results for 2011 on the AUDUSD H4, we can see some interesting data:
Fig. 2. Chart of testing results.
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