Mad max momentum expert advisor

Breakout momentum based expert advisor. Bollinger bands are used to draw the price tunnel. Signal – price breaking (closing) on of the tunnel boundaries. Advanced trailing stop places stop loss above/below breakout candle opposing end. SL can be trailed for higher profits or we can choose to pick more narrow take profit and use this expert as scalping forex strategy.

 

Used forex indicators

Bollinger bands forex indicator. As standard, used with many breakout trading system, BB are used to determine and visualize price tunnel. Breakout has proven to be profitable entry, although not as good as high/low price entry.

 

For the best results, trade with professional ECN/STP broker with MT4. If you can't trade with profit. Automatically copy the traders that are already profitable.

 

Parameters of expert for this indicator are fully adjustable, which makes it possible to use this expert across many currency pairs and timeframes.

 

Alligator forex indicator is used as a trend filter, improving success rate of our entry.

 

Notes to input:

  1. Expert advisor is provided freely as it is.

  2. For your own benefit, test is both on historical data and forward demo data.

  3. Live use only on your own risk. 

  4. Is this expert  advisor working as described ?

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We recommend you to use this forex strategy with one of our trusted forex brokers (STP/ECN with MT4 bridge).

To win you must trade with broker on your side.

Dislaimer:  Expert advisor was tested for profitability on historical data. All screen shots provided are displaying real results of the test. However past data will never guarantee future success. Every expert advisor needs to be tested properly on demo account. LIVE use only on your own risk. Read full disclaimer.

TheForexKings Team does not give any financial advice. TheForexKings does not take any responsibility for any user’s investments and investment decisions. All rights reserved. Strictly for personal use. 

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ABOUT US

THEFOREXKINGS

“Trading FOREX since 2006. Full time trader and web developer since 2013. My two biggest hobbies are trading and web development. In TheForexKings I managed to connect both of them. Even after 12 years of trading I still have the same passion for the market as at the beginning. The aspect I enjoy the most : development and testing of new ideas.” 

 

Only in 2016 - 2017 we have created more than 400 forex strategies. During this period we have also developed and published +200 MT4 Expert advisors based on those strategies. We are dedicated to provide you with viable and complete trading systems that have thrived in extensive historical testing. We want to give you complete and transparent trading solutions, that once mastered ,will set you financially free. We want to give you a fighting and winning chance in the market. ” 

—  Marian, Proprietor of TheForexkings.com