- August 10, 2022
- Posted by: Forex Wiki Team
- Category: Free Forex EA
Forex Momentum Meter Review
The Forex Momentum Meter EA uses the “ROC” indicator, has a trailing stop loss and take profit, and trades the major FX pairs and NASDAQ equities on all time frames.
Include the “IncreaseFactor” function so that the following lotsize will be bigger if you lose a deal.
This EA only trades using the open candle price!
The “ROC” indicator calculates the difference in price, expressed as a percentage, between the present price and the price at some earlier time. Is charted against zero, moving upward into positive area in the event that price changes are upward, and downward into negative territory in the event that price changes are downward.
System : Metatrader 4
Timeframe: All Timeframe
Currency pair : Major Pairs & Stocks NASDAQ
Limits by accounts: No
Best Brokers List
The Forex Momentum Meter works with any broker and any type of account, but we recommend our clients to use one of the top forex brokers listed below:
|BROKER NAME||REGISTER||Year Founded||Headquartered||Leverage||Minimum Deposit||Regulating|
|1:1000||$5||ASIC, CySEC , IFSC|
🇧🇸 The Bahamas
|1:1000||$200||ASIC, SCB, FSA|
|1:Unlimited||$10||CySEC, FCA, FSCA, FSA, BVI|
|1:500||$200||FCA , ASIC, DFSA|
|1:400||$100||CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA|
We highly recommend trying the Forex Momentum Meter for at least a week with ICMarket demo account. Also, familiarize yourself with and understand how this system works before using it on a live account.