RTR Momentum Trend Expert Advisor is a multi-time frame, multi asset , trend following, fully automated, systematic trading system. It has fantastic backtest results across many assets classes including Crypto, FX, Commodities, Indices and Stocks. A truly Amazing system that uses low leverage of less than 1:25 .
This Bitcoin Crypto+ edition is optimized for the following tickers:
ETHUSD, ETHEUR, BTCUSD, BTCEUR, LTCUSD, SOLUSD, DOTUSD
Ethereum, Bitcoin, Litecoin, Solana-usd, Polkadot-usd, ChainLink-usd
The Expert looks for a Trend and Momentum.
It is Multi-Time Frame (MTF), it uses 3 time frames; Highest Period, Middle Period and Lowest Period.
There is a 2 Time Frame (TF) option as well.
The Higher Period – is the anchor timeframe, the expert will look for a trend and momentum on this TF.
The Middle Period – looks for a pullback (ignored if 2-TF option is true)
The Lowest Period – is the chart that you attach the EA to (important). Stop Losses and Take Profits are calculated from this chart.
This is a top down system; Higher time frame confirmation, Lower time frame entries, Higher time frame exits. Small stop losses and larger take profits.
Momentum – Expert Buy when Higher time frame is already in a well-established up trend. Expert Sell vice versa.
RTR Momentum Trend Expert Advisor works best, using diversification, that its’ intended use. EA placed on multiple tickers/symbols, on multiple timeframes. That way we smoothen the equity curve, reduce drawdown, have more trades, better for our statistics.
RTR Momentum Trend EA Inputs:
Highest, Middle, Lowest chart period.
Magic Number (Expert unique ID).
Max Spread Filter. (Optional)
Custom Comment.
3 Time Frame / 2 Time Frame option.
Direction – Both / Long only / Short only modes.
Position sizing; Fixed Lot, Percent Risk, Fixed Dollar Amount.
Profit Threshold, (a multiple of stop loss).
Update in 1.03: Market order / Limit (pending) order option.
Day of Week Filter.
Time of Day Filter.
How does RTR Momentum Trend EA compares with Grid/Martingale :
Advantages/Disadvantages of this EA:
No Grid/Martingale.
Every Trade has a Stop Loss.
Take Profit a lot larger than Stop Losses.
Low Leverage is perfect. 1:25 is more than enough.
Adds into winners (not losers)
Good results on Multiple Time Frame settings.
No negative progressive lot size increments.
After a loss, next trade risk will be smaller and so on.
Ugly Upward Equity curve. (Diversification can smoothen out equity curve – read manual.)
Low Win Rate 20%.
In a Drawdown 80% of the time.
Minimum $10,000 personal Account or Prop Account (on Lowest Risk Setting)
If you only have for example $300 it is better to use a Cent Account rather than Micro Account,
$10,000 US Cent Account will work instead of a mini/micro account.
This EA is coded to execute on the open of a new bar, not every tick.
Other :
Online/PDF Manual.
(. set) Expert Set files.
You must Read the Manual, for RTR Momentum Trend EAs’ intended use.
Licensing only allowed 3 IP Addresses at anyone time. i.e 1 (home wifi network), + 2 x VPS (server).
As many MT5 terminals as you like that can fit on 3 IP Addresses (very generous).
Lifetime updates
Works on MT5 Hedging accounts (not Netting).
Assumes US $Dollar deposit account.
Inputs |
|
Description |
---|---|---|
Magic Number |
|
Expert Advisor unique ID, you must change the magic number, every time you drag an expert on to any chart.
Magic numbers are important because they will discriminate on which trades should be closed. All charts with RTR Momentum Trend EAs must have different unique magic numbers. 578902, 365417, 9908463 etc… |
Time Frames | ||
2 Time Frames Only |
|
if true, then 2 time frames will be used. Middle period will be ignored |
Highest Period |
|
Highest time frame, this chart is the lead chart where the expert looks for a trend |
Middle Period |
|
Second highest time frame, this looks for a pullback |
Lowest Period |
|
Lowest time frame, This is also the entry timeframe, where stop losses are calculated, you must attach the EA to this Chart. For this example we attach expert to the 15 minute chart. |
Lot Sizes | ||
Fixed Lot size |
|
For example fixed lot size ; 0.64 lots, 0.20 lots. If you do not want to use Fixed lot sizes, set this to 0.0 zero. |
Risk % |
|
Percentage of account balance to risk, in this example we are risking 1% of account balance per trade. If you don’t want to use Risk %, set this to 0.0 zero. |
Fixed Dollar Amount |
|
In US Dollars, how many dollars we want to risk per trade 100 would mean $100.00. If you don’t want to use this set to 0 zero. |
Take Profit Multiplier | ||
Profit Threshold |
|
This is a multiple of the Stop Loss, you can set this to decimals like e.g. 14.7 |
Direction – Both, Long, Short | ||
Direction |
|
Both means Buys and Sells, Long_only means buy only, Short_only means sell only |
Custom Comment | This is left empty, you can give your trades any comment like “Jonathon’s’ EA signals” | |
Spread Filter | ||
Maximum Spread |
|
This is the spread in pippettes or points (not pips), should be a whole number. It is in the same format as the Spread that is displayed in the MT5 Market Watch Spread Column.
For example if trading GBPUSD and I don’t want spread to be more than 3.1 pips, I will type in Value= 31.0 |
Slippage |
|
entry price deviation allowed, a multiple of the spread, you can set this to any whole number. |
Execution Type | ||
execution |
|
you can change this to Limit_orders. |
Limit order settings | ||
limit offset |
|
is a multiplier of the spread, sets a better entry price than market price equal to => offset x spread |
expiration (hours) |
|
120 (5 days) , you are free to change. This is the expiration of pending orders in hours. |
Day of Week Filter | ||
Sunday |
|
Change to false if you do not want EA to trade on a given Day. |
Monday |
|
|
Tuesday |
|
|
Wednesday |
|
|
Thursday |
|
|
Friday |
|
|
Saturday |
|
|
Hour of Day Filter | ||
Start operation hour |
|
Bot expert will open trades from and including this hour |
Last operation hour |
|
The last hour of the day expert will open trades, example 23:00 means it will open trades until 23:59:59 hours:minutes:seconds |
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