Anchored Momentum Trading System
Info
The Anchored Momentum Trading System is a Expert Advisor for MetaTrader 5 that this trading system utilizes the anchored momentum indicator to generate signals for deal execution. Signals are triggered at bar closing when there is a breakthrough of the high or low level indicator.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Experts folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use Anchored Momentum Trading System
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
What this tool does
This trading system utilizes the Anchored Momentum indicator to generate signals for deal execution.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 5. Place the file in the MQL5/Experts folder and restart the terminal.
Description & Settings
Related: trend momentum ea: a powerful mt5 trading tool - another powerful expert for MetaTrader 5 traders.
This trading system utilizes the Anchored Momentum indicator to generate signals for deal execution. Signals are triggered at bar closing when there is a breakthrough of the high or low level indicator. Exit from deals can be managed through pending orders or by monitoring the color change of the indicator from pink to green or vice versa.Also recommended: Color Momentum AMA Expert Advisor - similar expert with strong performance on MetaTrader 5.
To use this system, place the anchoredmomentum.ex5 compiled file in the terminal_data_folder\mql5\indicators directory.
The default expert advisor's input parameters were used during the tests, and stop loss and take profit were not employed.
Fig. 1: Instances of deal history in the chart.
Testing Results for 2026 on AUDUSD H4:
Fig. 2: Chart illustrating the testing results.
You may also like: Blau Momentum Trading System for MT5 - excellent alternative for expert users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property indicator_separate_window
#property indicator_buffers 4
#property indicator_plots 4
#define reset 0 // the constant for returning the indicator recalculation command to the terminal
#property indicator_type1 draw_line
#property indicator_color1 clrgray
#property indicator_style1 style_solid.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.