Mood EA – Utilizing the Momentum indicator, a leading metric, Mood EA identifies oversold and overbought conditions to catch the “mood” of traders. This expert advisor ensures precise entry positions based on market sentiment.

Real-time results can be viewed here.

Settings and manual available here.

 SETTINGS

• Open new series: On/Off beginning of a new series.
• Start lots: Initial lot size.
• Trade Buy: Allow the advisor to execute buy trades.
• Trade Sell: Allow the advisor to execute sell trades.
• Support manual orders: Enable or disable EA management of manual orders.
• Use hedge: Allow the advisor to trade in both directions (buy and sell). If off, only one trade direction is allowed.
• Use Money Management: On/Off use of automatic lot calculation.
• Autolot: Free margin required for every 0.01 lot.
• Lot multiplier: Multiplier for subsequent orders.
• TP: Take profit, in pips.
• SL: Stop loss, in pips from the first order.
• Trail Start: Activation of a trailing stop.
• Trail Step: Distance from the price when activating a trailing stop.
• DD Reduction Algorithm: Drawdown reduction algorithm; when the last order with profit closes, it will close the first order series with loss.
• Number order for DD Reduction Algorithm: Order number from which the drawdown reduction algorithm is activated.
• Percent profit for DD Reduction Algorithm: Percentage of profit when closing orders in drawdown reduction mode.
• Magic: Special number assigned by the EA to its orders.
• Fix distance: Fixed distance between orders.
• Order dynamic distance: Order number from which the dynamic distance will be applied.
• Dynamic distance start: Initial value for the dynamic distance.
• Distance multiplier: Multiplier for dynamic distance.
• Start, End hour: Timeframe for opening the first order.
• Maximum Lot: Maximum lot size.
• Maximum spread: Maximum spread allowed for the advisor.
• Mom_Period: Period of the Momentum indicator.
• Up Level: Momentum indicator reading above which the EA sells.
• Down Level: Momentum indicator reading below which the advisor buys.