No Hard Stop Losses EA for MT5
£2,000.00
RTR No Hard Stop Losses algo EA for MT5
Load this EA onto any Forex M5 chart like EURUSD/GBPUSD/USDJPY has to be a 24hr market .
- High win rate approx. 78.00%
- Trend following with high % win rate .
- No Martingale .
- There is a Trailing Stop for all trades, a higher timeframe Trailing Stop.
- Multiple Symbols and Settings across many asset classes, Gold, USDJPY, SP500, US stock/equities CFDs.
- Simply load the expert .Set files or enter single ticker symbol
- Trade a portfolio or single symbol
- Minimum deposit : $100 USD in a cent account, micro/mini accounts not recommended
- $10k for a Standard or raw account
- Any MT5 broker that has decent spreads and execution’s
- Can use UK / EU regulated brokers with Leverage 30:1
- MT5 Account should be USD denominated and Hedging (not Netting) .
- You will need a VPS, to run this 24/5, Retail Trading Realities give you a good deal look in Store for VPS.
How to use this EA in MT5 Strategy Tester (backtesting)
- Ensure that EA is applied to a Forex M5 chart i.e. “EURUSD M5”. (even if you are not trading currencies)
- 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).
- 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, ‘SP500’ might need to be changed to ‘US500/USD500’. ‘USDJPY’ might need to be altered to ‘USDJPY.cc’, etc.
- In MarketWatch, View > MarketWatch > Right Click on symbols > Show All…make sure ALL symbols tested are in the Market Watch .
- 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.
Prefer to buy on MQL5.com ? Buy it here –> https://www.mql5.com/en/market/product/122707
MT5 EA INPUTS>>
View this table in landscape mode if using a phone .
| 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|SP500|COST|META | 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 . |
| Time Frames | ||
| Two TF Mode | false|true|true|true|false | ‘true’ for Two timeframe mode or ‘false’ Three timeframe mode . On Two timeframe mode middle timeframe is ignored . |
| Highest TF | W1|H8|H8|D1|H4 | Highest chart that references the trend |
| Middle TF | H4|H4|H1|H2|H4 | Middle timeframe, is for the pullback (not in Two timeframe mode) |
| Lowest TF | H1|M30|M5|M5|M15 | Lowest time frame this is the execution timeframe where SL and TP is calculated . |
| Trailing Stop | 3.0|4.0|3.0|4.0|4.0 | standard deviation of trailing stop on Highest Timeframe |
| Take Profit Multiplier | ||
| Profit Threshold | 20|30|18|12|12 | Profit level is a multiplier of Stop Loss, there is also a higher timeframe trailing stop . |
| sltp_multiplier | 1.0 | When the trade goes against mental stop loss, it creates a take profit level a multiplier of the difference of the entry price and mental stop loss |
| Direction | ||
| Direction: Both/Long/Short | Long|Both|Short|Long|Long | |
| Spread Filter | ||
| Max Spread | 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 | Maximum slippage allowed the number is multiplier of current spread . |
| Order Type | ||
| MARKET/LIMIT order | 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 % | 0.2 | i.e Risk % is not percentage of account balance, because we have no hard stops . use the back tester to set yoour risk 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 |
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FAQ
Is it a one time payment ?
Yes.
You will also receive all future updates for the EA you purchased, at no extra cost.
Do I need a Virtual Private Server VPS ?
Yes. Expert Advisors need to run 24/7, with fast ping to the broker server.
We use ForexVPS.net, and currently have an offer $24USD/£19GBP a month, which is $5 less than what is offered directly through ForexVPS.net
Details: Forex VPS Basic server, from ForexVPS.net. (This is the same server we are using)
Low Latency
>Windows 2022,
>Intel Xeon 2 CPU,
>RAM 2 GB
>SSD 60 GB
>London Server (what we use)
What Broker Should I use ?
This will be a long answer. Depends on your size of deposit and the number of symbols in your portfolio. Also your Country/Nationality.
1 Symbol (i.e Gold) , $1,000 usd: IC Trading, IC Markets .
5 Symbols (portfolio), $10,000 usd: IC Trading/IC Markets
5 Symbols(portfolio), <less than $10,000 usd: Cent Account from either TeleTrade, Exness, Vantage Markets Global .
More detail here : Brokers – Momentum Trend EA Store
Can I uses a FIFO Broker ? MT5 Netting Account ?
No. No FIFO. No MT5 Netting account type.
Mt5 account should be USD denominated.
Mt5 account must be Hedging type.
Where is my EA serial Key ?
Printed on your Receipt under Key: XXXxXxxXxx
Receipt sent to your inbox, check your Spam/Junk Folder.
Key Also sent in a separate email.
What is the monthly gain % ?
Check out our MQL5.com and myfxbook.com accounts, Look for your strategy. Then look at the monthly stats.
If you are only trading specific symbols in a strategy then in myfxbook in the top right hand corner of the main strategy click on “custom analysis” and there you can filter by Symbol or Magic Number . Now you can scroll down and find the monthly results.
Or look at the Performance page, where we have our summaries.
Where are the Manual & Set Files ?
They are included in the zipped folder when you buy the Expert Advisor.
Alternatively at: https://momentum-trend.com/ea-settings
When do I get the product after buying ?
Sent automatically your email address, check your spam/junk folder .
Serial Key (EA Password) is printed on your receipt under “Key: xxXxXXxxXx”
How often does the EA trade ?
Check the EA or individual strategys’ stats at
I'm getting access denied, what do I do?
Our EAs use web requests for authentication (and for trades if using our AI GPT-4 EAs).
You need to allow MT5 to connect to our secure website https://momentum-trend.com
In MT5 Terminal > Tools > Options (Ctrl + O)> Expert Advisors (Tab)> check the “Allow WebRequest for listed URL: “ and paste in our website .
Press “Ok”
The EA is not trading
Our EAs don’t trade everyday, be patient. When they do trade , they trade many times a day.
Can I backtest the EA ?
Yes – Expert Advisors based purely on price action / indicators can be back tested.
We recommend you download the EA Demos directly from MQl5.com for using in the MT5 Strategy Tester for now, we will be providing Demos on this site soon.
https://www.mql5.com/en/users/rtr_ltd/seller
No -AI GPT-4o Expert Advisors cannot be back tested because we have no way of knowing how the AI would trade in the past.
There is no TP or SL on my Trades ?
Correct, they are there, but invisible to the broker.
This is to reduce, broker manipulation .
What kind of support do you offer ?
We usually answer within 1 working day.
Easy EA Onboarding, we can set up your EA on your VPS, however you will have to give us your credentials, you can change them after i.e. passwords .
All of our Socials: retailtradingrealities | Twitter, TikTok | Linktree
Customer Reviews
- Darren currently trades our Momentum Trend M15 Gold Strategy.
- Oleg is currently trading the Momentum Trend M15 Gold Strategy.
- Jen is trading the Momentum Trend EA on Gold and ETHUSD, USDJPY .
