Mood EA Review

Mood EA – works on the Momentum indicator, which is a leading indicator. To enter a position, the advisor uses the oversold or overbought conditions of this indicator, catching the “mood” of traders.

Features

Open new series – on / off beginning of a new seri
Start lots – start lot.
Trade Buy – allow the adviser to buy.
Trade Sell – allow the adviser to sell.
Support manual orders – allowed or not for EA manage manual orders.
Use hedge – allow the adviser to trade both direction buy and sell. If off only one trade direction.
Use Money Management – on / off use of automatic lot calculation.
Autolot. Free margin for each 0.01 lot – the amount of free margin for opening every 0.01 lots.
Lot miltiplier – lot multiplier for the following 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 Algoritm – drawdown reduction algorithm it when last order with profit will be close with first order series with loss.
Number order for DD Reduction Algoritm – from which order the drawdown reduction algorithm is activated.
Percent profit for DD Reduction Algoritm – percentage of profit when closing orders in the drawdown reduction mode.
Magic – is a special number that the EA assigns to its orders.
Fix distance – fixed distance between orders
Order dinamic distance – from which order will the dynamic distance be applied in order.
Dinamic distance start – the starting value for the dynamic distance.
Distance multiplier – the dynamic distance multiplier.
Start, End hour – time for opening the first order.
Maximum Lot – maximum lot.
Maximum spread – the maximum spread for the adviser.
Mom_Period – period of the Momentum indicator.
Up Level – the reading of the Momentum indicator above which the EA sells.
Down Level – the reading of the Momentum indicator below which the advisor buys.

Expert Advisor backtest

Mood EA reviews

Conclusion for this robot

Mood EA is developed by Vasilly Strukov. For what we know is that this programmer is skillful and gives great support. For new forex robot users it’s always important to get support, since the learning curve can be steep from time to time. This Expert advisors likes to catch trades using the Momentum indicator and is similar to an RSI indicator. Simply put, if the mood of traders changes (overbought / oversold) this Ea starts to pick up trades. It offers a free demo and for only fifty bucks it looks very appealing.

 5/5

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Risk warning: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Hypothetical performance results have many inherent limitations. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particularly trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk. Variables such as the ability to adhere to a particular trading program in spite of trading losses as well as maintaining adequate liquidity are material points which can adversely affect actual real trading results. Currency trading involves high risk and you can lose a lot of money.

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