Swing Trade Pro Trend Add-On Forex EA | Mql5 Market Price: 550 USD
Strategy Details: https://www.mql5.com/en/market/product/29349
Live Signals: https://www.mql5.com/en/signals/616964
[Signal account currently in a drawdown, but GBPJPY/EURGBP/USDCAD show high win rates.]
Forex EA Name: Swing Trade Pro Trend Add-On Forex EA. It's a SWING system based on volatility breakouts, using strict price action for trading.
The EA looks for strong price movements and trend reversals while simultaneously monitoring four timeframes. It will place a maximum of one order on each timeframe.
Each trade comes with predefined stop loss (SL) and take profit (TP) levels, but it also utilizes various trade management techniques. One of these techniques involves monitoring all open trades across the four timeframes and quickly adjusting SL to better positions.
EA Strategy Tradable Currency Pairs: EURUSD, GBPUSD, USDCHF, EURAUD, EURGBP, EURCAD, EURJPY, GBPJPY, USDJPY, USDCAD, AUDUSD, NZDUSD, AUDJPY, and XAUUSD.
Trading Timeframe: H1.
Key Recommendations: GBPJPY, EURGBP, and USDCAD.
Recommended Capital: 100 base currency units per currency pair, with a position size of 0.01 lots.
FIFO/No Hedging – Enable this only if your broker applies FIFO rules and don’t allow hedging.
Virtual_Expiration – this can be used when your broker does not support an expiration date on pending orders.
Base_MagicNumber – this will be use as the basis for setting the EA’s different MagicNumbers. The EA will use the Base_MagicNumber and will add a number. For example, when the “Base_MagicNumber=1230”, The EA will make up to 16 internal Magic Numbers like this: 12301, 12302, 12303… -> 12308 and also the range 123001, 123002… -> 123008..
trade_comment – the ‘comment’ that the EA will use for all trades.
suffix – set the suffix that your broker might use for your pair-names.
Lotsize Calculation Mode – here you can choose how the EA will calculate its lot size for each pair:
Use FULL AUTOMATIC MODE -> The EA will fully automatic activate the pairs that are suitable for your account size and will automatically determine the correct lot size for each of those pairs. The only thing you will need to set is the desired Risk setting in the next parameter.
Use LotsizeStep -> The EA will use the LotsizeStep parameter to calculate the lot size. It works like this: Lot size = (Account Balance / LotsizeStep) X 0.01 lots. So if your account size is 10000$ and your LotsizeStep = 1000 -> the EA would use (10000$/1000) X 0.01 = 0.1 lots on that pair.
Use StartLots -> The EA will simply use the lot size set in the StartLots parameter.
Risk Factor for FULL AUTOMATIC MODE – Here you can set the desired risk for your trading.
LotSizeSteps – to set the step for lot size increments (in combination with the “Use LotsizeStep” lot size calculation mode).
StartLots – the lot size you want to use when choosing “Use StartLots” as lot size calculation mode. It will also work as a “minimum” lot size when using another lot size calculation mode!
OnlyUp – when set to “true”, the EA will NOT lower lot size when account balance decreases (unless the EA is restarted).
Percentage of Balance to be used by the EA (0-100) – what portion of your balance you want to allocate to the EA.
Random_Mode – here you can choose to ‘randomize’ various internal parameters.
