SQ4 creates the wrong opposite rule for the Momentum indicator. It goes long if the Momentum is rising and goes short if the Momentum is falling. Both of this is nonsense as neither a rising nor a falling Momentum does indicate anything about the direction of the market. Momentum, independent from if the market rises or falls, just indicates the strength of a movement, but not it´s direction. Hence Momentum can never be used as a single entry indicator, only as a support for another main indicator that really indicates the direction (like MACD or many others). Yet SQ4 creates strategies with just the Momentum indicator as an entry - all resulting strategies have a completely off / low Symmetry (of course), as Momentum cannot predict the direction. Example of what SQ4 generated for me:
====================================================================
==== Trading Rules
====================================================================
==== Rule: Long entry ====
if (Is Bar Open
and (No Trade Recently Closed
and (Momentum(Main chart,57)[1] is rising)))
{
// Action #1
...........
}
==== Rule: Short entry ====
if (Is Bar Open
and (No Trade Recently Closed
and (Momentum(Main chart,57)[1] is falling)))
{
// Action #1
...........
We can add check for that, but we wouldn't be able to check all the possibilities of what can be generated and makes no sense. It should be filtered out during backtesting process, when such strategy doesn't turn to profit.