๐งฉ Overview of AW Momentum EA
AW Momentum EA is an automated trading system for MetaTrader 4 (MT4) that combines Momentum indicator signals with a Grid and Averaging strategy, enhanced by risk protection and virtual take-profit logic. The settings shown in the image indicate a balanced-to-aggressive configuration, suitable for trending and semi-ranging markets when properly managed.
๐งฉ Main Settings Analysis
๐น Size of the first order: 0.01
- Minimum lot size, ideal for small accounts or testing.
- Helps reduce initial risk exposure.
๐น Enable Autolot calculation: true
- EA dynamically adjusts lot size based on account balance.
- Improves scalability and capital efficiency.
๐น Autolot deposit per 0.01 lots: 1000.0
- For every $1,000 balance, EA trades 0.01 lot.
- Indicates conservative money management.
โ Assessment: Safe starting configuration suitable for long-term use.
๐งฉ Signals (Momentum Indicator Settings)
๐น Period for Momentum: 14
- Standard momentum period.
- Well-balanced between sensitivity and noise filtering.
๐น Applied price for Momentum: Close price
- Uses confirmed candle close data.
- Reduces false signals compared to open or median prices.
๐น Upper border: 100.5
๐น Lower border: 99.5
- Defines momentum breakout thresholds.
- Trades are triggered when price shows real directional strength.
โ Assessment: Reliable momentum filtering, not overly aggressive.
๐งฉ Grid Settings
๐น Minimal step between average orders: 200 points
- Prevents over-trading in tight ranges.
- Helps reduce drawdown during consolidation.
๐น Multiplier for average orders: 1.5
- Mild martingale behavior.
- Risk increases gradually instead of exponentially.
โ ๏ธ Assessment: Moderately aggressive grid logicโacceptable with proper account size.
๐งฉ Take Profit Settings
๐น Size of Virtual TakeProfit (in points): 45
- Uses virtual TP instead of broker-side TP.
- Allows better order management and stealth execution.
๐น Use overlap last and first orders: true
- Closes grouped positions together.
- Improves basket efficiency.
๐น Use overlap after number of orders: 3
- Grid overlap activates after 3 trades.
- Helps recover floating drawdown earlier.
โ Assessment: Smart basket-closing logic optimized for grid recovery.
๐งฉ Protection Settings (Risk Management)
๐น Maximum slippage: 30 points
- Reasonable tolerance for volatile markets.
๐น Maximum spread: 75 points
- Prevents trading during abnormal market conditions.
๐น Maximum number of orders: 200
- High limit โ suitable only for large or cent accounts.
๐น Maximum size of order: 100.0 lots
- Safety cap for autolot escalation.
๐น Maximum 1 order per candle: true
- Prevents over-execution on fast price spikes.
โ ๏ธ Assessment: Strong protection features, but max orders should be reduced for small accounts.
๐งฉ Advisor (EA) Settings
๐น Orders Magic Number: 12345
- Unique identifier to avoid conflict with other EAs.
๐น Comments: AW Momentum EA
- Easy trade tracking in MT4 terminal.
๐น Allow BUY orders: true
๐น Allow SELL orders: true
- EA trades in both directions.
๐น Allow new orders after close: true
- Continues trading immediately after basket closure.
๐น Show panel of advisor: true
- Displays real-time EA information on chart.
๐น Font size in panel: 6
- Compact UI, suitable for multiple charts.
๐งฉ Notifications Settings
๐น Push notifications: false
๐น Email alerts: false
๐น Alerts when closing orders: false
๐ Assessment: Notifications disabled โ suitable for VPS trading but not ideal for manual monitoring.
๐งฉ Final Conclusion (Expert Review)
The AW Momentum EA configuration shown in the image reflects a well-structured grid-based momentum trading system with:
- โ Conservative initial lot sizing
- โ Smart momentum filtering
- โ Controlled grid expansion
- โ Advanced virtual take-profit logic
- โ Solid protection against spread, slippage, and over-trading
However, the high maximum order limit (200) and martingale multiplier (1.5) mean this setup is best suited for medium to large accounts, preferably on low-spread brokers and VPS environments.
โญ Overall Rating: 8.5 / 10
Best for traders who understand grid strategies and want a momentum-filtered EA with strong recovery logic.
