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Exp5 Swing PRO for MT5

The Swing model-based trading strategy involves placing two opposing pending orders with increased lots. As the market price moves in a certain direction, one of the orders is triggered while the lot size of the other is increased. 

This approach allows traders to capture profit while minimizing risks, making it a reliable way to trade forex, stocks, and commodities. The use of this strategy in financial trading has been widely recognized for its ability to facilitate informed decision-making, especially in volatile markets. 

Its effectiveness is attributed to its ability to identify market trends and take advantage of them while reducing exposure to market risks. As such, it is a popular choice for traders seeking to optimize their trading performance.

The EA provides three types of opening pending orders (TypeofTrade)

  • Auto-opening after placement (Instant opening AutoTrade)
  • Opening and management after manual opening (Manual opening ManualTrade)
  • Opening by Distance between High/Low levels (High Low for the past bar TFTrade)

An OCO (One-Cancels-the-Other) order is a type of conditional order that consists of two orders. The first order is automatically canceled if the second order gets executed.

How does it work?

  1. At the start, the Expert Advisor places two orders—Buy Stop and Sell Stop—based on the distance StopOrderDeltaifUSE from the current price.
  2. If Buy Stop triggers, Sell Stop will be deleted, and a Sell Stop order with the volume BuyStop * Martin will be placed instead.
  3. If Sell Stop triggers, Buy Stop will be deleted, and a Buy Stop order with the volume SellStop * Martin will be placed instead.
  4. When take profit is reached, all the orders are deleted, and everything is repeated from the start!

To have the swing effect, the parameters StopOrderDeltaifUSE and StopLoss should be equal.

Note: there can be a situation when a broker opens an order and then closes it by a stop loss. In this case, every order will wait to be closed by take profit, and only after this the algorithm will start working from the beginning!

Do not test the EA by Open prices! Test it only on all ticks.

Parameters

Default values are shown in brackets.

  • Trade_ - Trade Settings section.
  • TypeofTrade - select the EA trading mode. (Instant opening AutoTrade, Manual opening after Buy/Sell ManualTrade, High Low for the past bar TFTrade)
  • StopOrderDeltaifUSE - distance for pending orders (100).
  • Magic - magic number (777).
  • StopLoss - stop loss, not used by default (0).
  • ModifyStopLossAtOrdersopen - change a deal's stop loss to a pending order Open level.
  • TakeProfit - take profit, not used by default (0).
  • StopDayTradingEaAfterTP - if the last position is closed by take profit, the EA stops working till the next day.
  • Lots - a fixed started lot (0.1).
  • LotFix - lots separated by commas to open orders, for example, "0.1,0.2,0.3,0.6,0.8,1"; Starting lot always = Lots. Subsequent orders can be written to the LotFix variable separated by commas.
  • Martin is the Martingale ratio for the next open order lot(Volume) after losing (2).Attention! Martingale works only at the value of Lots. If LotFix is set, martingale does not work.
  • MartinFix - The Martingale coefficient, separated by commas, for opening orders, for example, "2,3,1,5,2,1"; Attention! Martingale works only at the value of Lots. If LotFix is set, martingale does not work.
  • timetrade_ - Trade Time section.
  • OpenHour - opening hour of trading (0).
  • CloseHour - closing hour of trading (23).
  • TrailingStopUSE - use trailing Stop (false).
  • TrailingStop - trailing stop distance, the minimum distance is used on default (0).
  • TrailingStep - trailing step (1).
  • MovingInWLUSE - set the position to breakeven with the first level of the trailing Stop.


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Lo Thi Mai Loan
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Scalper Deriv
Antonio Simon Del Vecchio
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Introducing Scalper Deriv: Elevating Your Scalping Experience. Get 1 EA free (for 2 trading accounts) -> contact me after purchase. Setfiles and more   here Are you one of those traders who find their passion in scalping and want to make the most of your capital? Whether you have a balance of $20, $200, $2000, $20000, or even $200000 in your account, we have the perfect solution for you! Introducing Scalper Deriv , the Expert Advisor (EA) designed to enhance your trading strategy and capitali
Boring Pips MT5
Thi Thu Ha Hoang
4.62 (21)
Have you ever wondered why most expert advisors are not effective in live trading, despite their perfect backtest performance? The most likely answer is   Over-fitting . Many EAs are created to ‘learn’ and adapt perfectly to the available historical data, but they fail to predict the future due to a lack of generalizability in the constructed model. Some developers simply don't know about the existence of over-fitting, or they know but don't have a way to prevent it. Others exploit it as a tool
Quantum Trade EA MT5
Bogdan Ion Puscasu
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Introducing   Quantum Trade EA , the groundbreaking MQL5 expert advisor that's transforming the way you trade the prestigious GBPUSD pair! Developed by a team of experienced traders with trading experience of over 13 years, Quantum Trade   EA is designed to propel your trading journey to new heights with its innovative and dynamic breakout zone strategy. IMPORTANT! After the purchase please send me a private message to receive the installation manual and the setup instructions. ***Buy Quan
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Guillaume Duportal
4.92 (38)
Darwin SWING Launch price 999 USD , future price 1490 USD DESCRIPTIONS: -- To understand how it works, come read the blog (This EA reflects my philosophy of forex trading...If you like the way I look at it, then you will like my EA. Take the time to do it! (Forex is not a race): https://www.mql5.com/en/blogs/post/745790 -- To see the past performance here are the links of the signals Live and demo signals: https://www.mql5.com/en/users/tradedeal/seller EXPLANATION: After t
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Denis Kurnev
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AI NeuroX EA is an innovative trading advisor based on advanced artificial intelligence technologies, including neural networks and the Perplexity and GPT-4 platforms. This advisor has a unique ability to analyze and predict the dynamics of financial markets using deep learning and advanced algorithms. Thanks to the intuition that even the most experienced traders would envy, AI NeuroX EA is capable of developing unprecedented trading strategies, ensuring excellent performance. This advisor oper
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Trading Panel for trading in 1 click.  Working with positions and orders!  Trading from the chart or the keyboard. Using our trading panel, you can trade in one click from the chart and perform trading operations 30 times faster than the standard MetaTrader control. Automatic calculations of parameters and functions that make life easier for a trader and help a trader conduct their trading activities much faster and more conveniently. Graphic tips and full information on trade deals on the chart
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Trade copier for MT5 is a trade copier for the МetaТrader 5 platform. It copies forex trades  between any accounts   MT5 - MT5, MT4 - MT5 for the COPYLOT MT5 version (or MT4 - MT4 MT5 - MT4 for the COPYLOT MT4 version)    Reliable copier!         MT4 version Full Description +DEMO +PDF   How To Buy    How To Install     How to get Log Files    How To Test and Optimize    All products from Expforex You can also copy trades in the МТ4 terminal (МТ4 - МТ4, МТ5 - МТ4):     COPYLOT CLIENT for
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Exp-Averager  is designed to Average your trades that have received a certain drawdown by opening averaging trades. The adviser can open additional positions on the trend and against the trend! Includes an average trailing stop for a series of positions! They are increasing and decreasing the lot. A popular strategy for bringing unprofitable positions to the average Price.        MT4 version Full Description +DEMO +PDF   How To Buy    How To Install       How to get Log Files     How To T
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Universal automatic Expert Advisor for MetaTrader 5 working on standard indicators. UniversalEA  The Constructor EA is provided with a large set of functions. You can select one of 20 signals to open a position and 5 of 20 filters to sort out the signals of the standard indicators included in the MetaTrader package. Besides, you can adjust the indicator parameters, select a timeframe, and specify a signal bar for each signal. You can also download The X EA for the MetaTrader 4 terminal  The X f
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Vladislav Andruschenko
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It uses the model of a famous strategy called Swinger (Pendulum, Cheburashka) - alternate placing of pending orders with increased lot. The strategy lies in placing two opposite pending orders. When the price moves in a certain direction, one pending order is triggered, while the lot size of the other order is increased. The EA provides three types of opening pending orders (TypeofTrade) Auto-opening after placement (Instant opening AutoTrade) Opening and management after manual opening (Manu
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