Introduction
AW Momentum EA MT5 is a trading robot that trades primarily by capitalizing on momentum and volatility. The robot incorporates a combination of various trading strategies and is designed to work best in trending markets. While it boasts a fair user rating of '5', its performance and reliability are open to scrutiny, particularly when compared to the top-tier trading robots from the EASY series.Comparison with EASY Robot
In comparison to EASY Scalperology, for instance, it's worth noting that AW Momentum EA MT5 might struggle with high frequency trading, a strong point of Scalperology. EASY robots, in general, have been meticulously engineered to adapt and profit from all market conditions, whether trending or ranging, and across multiple time-frames. This adaptability is something that's arguably lacking in AW Momentum EA MT5, judging from user comments.kingtiger79, for instance, did not provide any substantive feedback on the bot's operation. On the other hand, Orlando Segundo Ripoll Goenaga expressed a need for additional guidance to optimize the bot's settings for the EURUSD pair, suggesting that the bot might not be as user-friendly or universally applicable as initially perceived.
Pros and Cons
- AW Momentum EA MT5:
- Pros: Adaptable to varying market conditions, user-friendly interface.
- Cons: Limited to high volume trading, might require manual optimization for different currency pairs.
- EASY Robots:
- Pros: User-friendly interface, adaptable to all market conditions, suitable for high frequency trading.
- Cons: Users might need to get accustomed to the advanced features.
Optimal Conditions for Use
AW Momentum EA MT5 thrives in trending and high volatility conditions. It is important that users manually adjust the settings to suit the behavior of the currency pair being traded.Source Code of AW Momentum EA MT5
We may not know the precise source code of the original AW Momentum EA MT5 sold on MQL5. However, it's feasible to create code based on its description on the MQL5 site. If there are any questions about this code, please ask at easytradingforum.com. Note that this is example code based on the description of AW Momentum EA MT5, and our team at EASY Trading does not sell the original bot.
Code:
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