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Strategies / Momentum / WaveTrend Average Momentum Long

WaveTrend Average Momentum Long

The strategy buys when the WaveTrend average rises versus the prior bar while staying below the close. It sells when the average turns down versus the prior bar.

MomentumLong onlySwingGold4 hours
1.27Profit factor
3,940Net profit EUR
46.52%Win rate
2,902Trades
-693Max drawdown
1.36Avg trade

Best run of 13. Gold, 4 hours, spread 0.6, from run pf:2026-10-12-GOLD-4h.tsv:12.

Entry rules, long

  2. The WaveTrend average is below the close.

Exit rules

  1. The long is sold at market when the WaveTrend average falls versus the prior bar.

Test conditions

PeriodUp to 2026-10-12
InstrumentGold, 4 hours
Spread0.6 points
Starting capital1,000,000
CostsSpread only. Commissions and overnight financing are not included.
BarsUp to 200,000 bars, fewer where the instrument has less history
Last tested2026-10-13

Every run

Markets and timeframes tested

MarketTimeframePFTradesWin %NetMax DD
GoldBest run4 hours1.27 2,90246.523,940 EUR-693
USD/JPY4 hours1.17 3,26347.561,102,660 USD-164,290
DAX 404 hours1.15 2,77548.0718,187 EUR-2,909
Nikkei 2254 hoursn/a 2,32147.1331,913 USD-14,770
Dow JonesDailyn/a 1,35048.1522,038 EUR-8,768
SilverDailyn/a 1,14642.6721,912 USD-13,593
Nasdaq 1004 hoursn/a 2,91445.9816,643 EUR-4,929
Nasdaq 100Dailyn/a 1,03346.3710,240 EUR-5,192
Brent Crude4 hoursn/a 1,62547.147,693 EUR-4,999
DAX 40Dailyn/a 1,42545.756,853 EUR-4,010
S&P 500Dailyn/a 1,39245.042,794 EUR-1,215
GoldDailyn/a 1,29145.082,337 EUR-734
S&P 5004 hoursn/a 2,91646.502,135 EUR-1,115

Charts

Results by run

Top 10 of 13 runs. The full list is in the table above.

Above 1.0 made money, below 1.0 lost money.

The code

ProBuilder code, as tested

// ==============================================================
// WaveTrend Average Momentum Long
// ProRealAlgos Strategy Library  |  prorealalgos.com
// Type: Momentum
// Direction: Long only
// Timeframe tested: 4 hours
// ==============================================================

DEFPARAM CumulateOrders = false

ONCE ci = 0

ap = summation[4](TypicalPrice) / 4
esa = ExponentialAverage[10](ap)
myD = ExponentialAverage[10](abs(ap - esa))

19 more lines: the entry and exit rules.

Setup

How to load it

  1. Copy the code with the copy button on the code block.
  2. In ProRealTime, open a chart of the instrument and timeframe you want to test, then open ProOrder > New trading system and choose "Create with programming".
  3. Paste the code, give the system a name and save it.
  4. Click "Backtest", set your own spread and position size, and run it before you consider trading it live.

Indicators used

EMASMA
Read this firstKnown weaknesses2 points
  • The code sets no stop loss, so a losing trade stays open until an exit signal arrives.
  • Results include the spread only. Commissions and overnight financing are not included.

Questions

About this strategy

Can I run WaveTrend Average Momentum Long in ProOrder?

Yes. The code is ProBuilder and runs as an automated ProOrder system. Backtest it on your own account with your own spread and position size before trading it live.

Which markets was it tested on?

It was tested on 13 market and timeframe combinations. The best run was Gold, 4 hours, with a profit factor of 1.27 over 2,902 trades.

How large was the drawdown?

The best run had a maximum drawdown of 693 EUR at the tested position size, against a net result of 3,940 EUR.

Does it trade long, short or both?

It only takes long trades.

Related

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Reversal Pattern With Awesome Oscillator

Also a momentum strategy.

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See how ProRealAlgos combines strategies like this into one automated portfolio.

The ProRealAlgos community gets the full rules, the complete code and the automated portfolio.

Past backtest results do not guarantee future results. This is not financial advice. Curated and maintained by ProRealAlgos. ProRealTime™ is a trademark of ProRealTime SAS. prorealalgos.comStatsDocs