Description

Williams %R Momentum Fade EA

Short Tagline: A short-term counter-move strategy using Williams %R to fade over-extension within a br…

Short Description:
Williams %R Momentum Fade EA is a fully automated momentum pullback / fade. Expert Advisor for MT4 and MT5. A short-term counter-move strategy using Williams %R to fade over-extension within a broader trend. Built-in risk controls and market filters keep execution disciplined across live and demo accounts.

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Overview

A short-term counter-move strategy using Williams %R to fade over-extension within a broader trend. It waits for %R to reach extreme readings, then re-enter the trend direction as %R exits the extreme, capturing the resumption after a stretch.

Features

• Williams %R (14)
• EMA100 (trend filter)
• ATR(14)
• Configurable stop-loss, take-profit, and trailing logic
• Session, spread, and news-time filters for disciplined execution
• One-trade-per-bar / duplicate-signal protection
• Clean, single-file MQL4 and MQL5 implementations
• No hidden logic — every input is exposed and documented
• No martingale, no grid, no hidden recovery logic

Trading Strategy

Entry logic: – Long: price > EMA100 (uptrend). %R dips below -80 (oversold within uptrend) then crosses back above -80. Enter on the cross.

• Short: price < EMA100. %R rises above -20 then crosses back below -20.

Exit logic: – Exit when %R reaches the opposite extreme or on trend invalidation (EMA100 cross).

Stop-loss: SL beyond the recent minor swing or 1.5 × ATR, whichever is tighter.

Take-profit: TP at 2R; scale 50% at 1R.

Trailing stop: Trail behind minor swings once 1.5R reached.

Break-even: Break-even at 1R.

Why it works: Times pullback re-entries within trends.; Simple, responsive oscillator..

Recommended Settings

• Timeframes: M15, M30, H1.
• Instruments: EURUSD, GBPUSD, USDJPY, XAUUSD, NAS100.
• Account type: ECN/Raw spread accounts preferred
• Minimum recommended balance: $500+ (adjust lot sizing to your risk tolerance)
• VPS: Recommended for 24/5 uptime and consistent execution
• Risk management: Risk 1% per trade. Max 3 open. Only fade in the trend direction, never counter-trend.

Supported Markets

Forex majors, indices, gold.

Supported Brokers

Compatible with any regulated MT4 or MT5 broker offering standard order execution (market or instant execution). Works with ECN, STP, and standard account types. No broker-specific dependencies.

Installation Guide

1. Download the .ex4 (MT4) or .ex5 (MT5) file from your purchase delivery.
2. Open MetaTrader, go to File → Open Data Folder.
3. Copy the file into MQL4/Experts (MT4) or MQL5/Experts (MT5).
4. Restart MetaTrader or right-click Expert Advisors in the Navigator and select Refresh.
5. Drag the EA onto the chart of your chosen symbol and timeframe.
6. Enable Allow live trading (and Allow DLL imports if prompted) in the Common tab.
7. Adjust inputs to match your risk profile, then click OK.
8. Confirm AutoTrading is enabled in the toolbar.

• Session filter: London and New York sessions.
• Spread filter: Reject if spread > 2.5 pips / symbol threshold.
• News filter: Pause entries 15 minutes around high-impact news.
• Volatility filter: Require ATR above its 50-period average so pullbacks have follow-through.

Risk Disclaimer

Trading forex and CFDs carries a high level of risk and may not be suitable for all investors. Past performance, backtest results, and simulated outcomes are not indicative of future results. This EA does not guarantee profits. Always test thoroughly on a demo account before deploying real capital, and never risk funds you cannot afford to lose.

Version

v1.0.0

Support

Support is provided through the marketplace messaging system. Please include your broker, symbol, timeframe, and EA version when reporting an issue.

Updates

Free updates are provided for bug fixes and compatibility improvements. Feature updates may be released as versioned upgrades.

FAQ

Q: Does this EA work on both MT4 and MT5?
A: Yes, separate optimized builds are provided for each platform.

Q: Can I run this on multiple pairs at once?
A: Yes, attach separate instances to separate chart/symbol combinations.

Q: Does it use martingale or grid recovery?
A: No. This is a pure signal-based strategy with defined risk per trade.

Q: What timeframe works best?
A: M15, M30, H1. for the cleanest signals, but the EA can run on other timeframes with adjusted inputs.

Q: Is a VPS required?
A: Not required, but strongly recommended for uninterrupted 24/5 operation.