Wrecking Ball Swing Trader
- Experts
- Version: 2.1
- Activations: 10
WHAT THIS IS
// ------------
// A buy stop sits above the last confirmed swing high, a sell stop
// below the last confirmed swing low, and a fill in one direction
// reverses whatever is open.
//
// FEATURES
// --------
// 1. A real broker-side STOP LOSS on every position and pending order,
// so an open trade is protected even if the terminal dies.
// Modes: opposite pivot (default), ATR multiple, fixed points.
// 2. An optional TAKE PROFIT (R-multiple, ATR or fixed). DEFAULT OFF -
// backtest analysis showed that capping winners destroys this
// system's edge, because a very small number of large trades carry
// most of the profit. Use the PARTIAL take-profit instead if the
// goal is a higher proportion of green closes.
// 3. PROP-FIRM GUARDRAILS: daily loss limit measured on equity against
// the day-start balance, a static or trailing maximum loss floor,
// risk-based position sizing, and a spread filter. On a breach the
// EA flattens, cancels pendings and stops trading.
// 4. FULL ON-CHART VISUALS: pivot levels, pending trigger price, and
// live entry / stop loss / take profit lines with price labels,
// plus a risk dashboard showing both limits as meters.
// 5. A monthly / yearly returns grid.
//
// PROP-FIRM DEFAULTS: many firms publish a 5% max daily loss and a
// 10% max loss, both as a percentage of INITIAL capital, with the
// daily limit measured on equity including floating P/L against the
// balance at the firm's day rollover. The defaults here are
// deliberately TIGHTER - 4% and 8% - so the EA stops before the
// firm's threshold rather than at it. Adjust to your programme.
//
// IMPORTANT: InpDayRolloverHour must match the server hour at which
// your firm's trading day resets. If the server clock runs one hour
// ahead of the firm's reset time, set it to 1.
