Introducing the all-new, improved RTR Momentum Trend EA for MT5.

I’ve taken your feedback into account; the previous setup was too complex for some.

Now, it’s straightforward – the difference this time is:

1. All Symbols, all tickers

There are no restrictions on tickers/symbols.   I am confident this algorithm works on more tickers that I have yet to encounter. I have settings for :

Gold: XAUUSD (works best)

Forex: USDJPY, CHFJPY, AUDJPY, EURJPY,

Stocks: COST, NVDA, META, TSLA, MSFT,

Indices: NDX, USTECH100,

Crypto: SOLUSD, BTCUSD, ETHUSD, DOTUSD, LNKUSD, LTCUSD .

2. Multi-Symbol

You will trade a portfolio of strategies like a professional, encompassing multiple symbols and timeframes.

I have provided you with some initial portfolios through SET files. The EA is capable of trading multiple symbols from a single chart.

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3.Drag & Drop

Attach Expert Advisor (EA) to any Forex M5 (5-minute) chart, such as EURUSD, USDJPY, etc…ensuring it’s a 24-hour market like FX. It will trade multiple symbols from that chart .

4. Risk Mode

In Prop Firm Mode, you determine the minimum equity that either you or the Prop Firm is willing to accept.

Should you desire a 10% Drawdown (DD) or a maximum of 20% DD, you can set this yourself via the Prop Firm DD Input.

During live trading, it’s necessary to input the new minimum equity each time the account reaches a new All-Time High (ATH), or when you make a withdrawal or deposit. (This step is not required when back testing in Prop Mode, as it’s pre-calculated for back testing purposes).

For instance, entering “9000” into the Prop Max Drawdown Input means the bot will endeavor to avoid the balance dropping to “$9,000” – it’s quite straightforward.

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How to use this EA in MT5 Strategy Tester

1. Ensure that EA is applied to an Forex M5 chart i.e. “EURUSD M5”.
2. Select the period from January 2018 to the present day and choose ‘Every Tick’ or ‘Real Ticks’ for an accurate back test. This EA initiates and concludes trades at the opening of a new bar (it does not consider every incoming tick).
3. Load Set Files > Input Tab, right-click, select ‘Load…’, and then load the SET file.

You may need to adjust the symbol names to correspond with your broker’s tickers, for example, ‘NDX’ might need to be changed to ‘USTech/NAS100/NAS100USD/US100’. ‘USDJPY’ might need to be altered to ‘USDJPY.cc’, etc.

Regarding symbol settings, ensure that your settings do not limit leverage, as most brokers set restrictions by default. You must configure every symbol you are testing to either Forex or CFD Leverage. Otherwise, it will not execute any leveraged trades, which is a common oversight among MT5 users.

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MT5 EA INPUTS>>

Inputs	Default	Description
Magic Number	123456	Expert Advisor unique  ID, each time you load it on a chart give it a new 6-7 digit number
Enter Symbols	USDJPY|XAUUSD|NDX|COST|META| TSLA|MSFT	To enter multiple symbols, separate by typing a ‘|’ after your symbol, you don’t need to put it after the last symbol. Enter “CURRENT” if you want the symbol the EA is currently on . Or Type a single symbol .
TimeFrames
Two TF Mode	true|false|false|false|false|false|false	‘true’ for Two timeframe mode or ‘false’ Three timeframe mode . On Two timeframe mode middle timeframe is ignored .
Highest TF	D1|D1|D1|H4|H4|D1|H4	Highest chart that references the trend
Middle TF	H4|H2|H4|M20|H1|H3|H1	Middle timeframe, is for the pullback (not in Two timeframe mode)
Lowest TF	M15|M15|M15|M5|M5|M5|M5	Lowest time frame this is the execution timeframe where SL and TP is calculated .
Take Profit Multiplier
Profit Threshold	18|16|10|14|18|14|14	Profit level is a multiplier of Stop Loss, there is also a higher timeframe trailing stop .
Direction
Direction: Both/Long/Short	Long|Both|Both|Long|Long|Long|Long
Spread Filter
Max Spread	0|0|0|0|0|0|0	If you type in a number higher than 0 then no trades will be executed if the spread displayed in MarketWatch window is higher than the number set.
Entry deviation (multiplier of spread)	3|3|3|3|3|3|3	Maximum slippage allowed the number is multiplier of current spread .
Order Type
MARKET/LIMIT order	MARKET|MARKET|MARKET|MARKET| MARKET|MARKET|MARKET
Risk Management MODE
Risk_Management	Normal	Normal – example if risk % is set to 1, each trade will be risking 1% of account balance.  Prop Firm Mode, will try and never hit Prop Firm maximum Drawdown equity, which the user sets. Backtest Prop mode must only be used in backtesting .
Prop Firm Max DrawDown	9000	Does not apply to Normal Mode, Prop Firm Live and Backtest mode this applies to .
Lot Sizes
Fixed Lot Size	0	i.e 1.40 lots, for every trade, set all others to 0, if using this mode.
Risk %	1	i.e Risk 1% of account balance per trade, set all others to 0, if using this mode.
Fixed Dollar Amount	0	i.e 110 = Risk $110 dollars per trade, set all others to 0, if using this mode.
Custom Trade Comment
custom comment		i.e “Williams Safe mode trades”
Limit order Settings
limit offset	1.0	Only works if LIMIT is selected, offset is a multiplier of the spread, so a buy limit will be executed at current price minus the spread .
expiry_hours	120	Only works if LIMIT is selected, how many hours you want limit orders to go unexecuted .
Day of Week Filter	true	enter true or false. ‘false’ if you don’ want EA to open trades on a given day
Hour of Day Filter
Start Hour	0000	Self explanatory
Last Hour	2300	Self explanatory