A Multi-Timeframe Zero-Lag Momentum Trading Expert Advisor

Summary

This document outlines a MetaTrader expert advisor built around a zero-lag momentum indicator. Its stated trade conditions require the fast and slow trends to align and the fast trend to change direction. The setup uses a higher timeframe to display the slower trend and a lower timeframe for entries; the example test describes a slow trend on a six-hour chart and fast entries on a thirty-minute chart for GBPJPY.

The material mainly explains the indicator dependencies, how compiled indicator files are bundled into the advisor, and how a trading library supports brokers with nonzero spreads and optional stop-loss and take-profit settings. It reports a historical test for 2015 using default advisor inputs, with neither stop-loss nor take-profit enabled. However, the supplied text gives no performance figures, chart detail, risk statistics, or fuller entry and exit specification. It therefore provides only a sketch of a trend-alignment and momentum-change method, not enough evidence to assess profitability or robustness.

Key ideas

• The advisor requires alignment between fast and slow trends and a change in fast-trend direction.
• The example uses a higher timeframe for the slow trend and a lower timeframe for entries.
• The described test uses GBPJPY with six-hour and thirty-minute timeframes.
• The stated test used default inputs and did not enable stop-loss or take-profit.
• No numerical performance or risk results are included in the supplied text.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.