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Swing Scalper Reversal

The Expert Advisor expects retracements after a strong market movement. As soon as a bar of a different color (opposite trend) appears, after a few bars of the same color the EA opens a trade. You can adjust the number of bars, at which a trade can be opened. It is also possible to customize many other parameters. Usually, the more bars had passed, the stronger the retracement will be. But not always, therefore, the EA features many parameters for limiting losses in addition to the usual stop loss. It is recommended to use the EA on the М5 and М15 timeframes, the currency pairs with low spreads should be selected.

Input parameters

  • Lots - lot size (if 0, a lot is calculated based on the percentage of account free margin);
  • Percentage of free money - percentage of free margin to open each new trade (applicable when Lots=0);
  • MaxSpread - the maximum allowable spread to open trades (for floating-spread symbols, to avoid opening with a large spread);
  • Magic - unique identifier (use different magic numbers if multiple Expert Advisors run in your terminal);
  • StopLoss - the Stop Loss order value;
  • TakeProfit - order closing price at a certain profit target;
  • Stop to breakeven after - move stop loss to breakeven after a specified number of points;
  • StopToBreakevenBars - the number of bars, after which the stop loss can be moved to breakeven;
  • CloseAfterXBars - close a trade after passing X bars (where X is the value of this parameter);
  • CloseAfterXOppositeBars - close a trade when X bars of the opposite trend appear;
  • CandlesForTradeTrigger - the number of bars with the same color (same trend) required for the EA to open a trade;
  • MinimumPipDistance - minimum distance the price should move in one direction for opening a trade;
  • MaximumPipDistance - maximum distance the price can move in one direction for opening a trade;
  • MinDistanceEachBar - minimum distance of each bar during a strong movement in one direction;
  • IndentationBars - offset in bars after a strong movement in one direction (it is recommended to keep this parameter small, about 2);
  • AdxPeriod - ADX indicator period;
  • MinAdxLevel - ADX indicator minimum level;
  • MaxAdxLevel - ADX indicator maximum level;
  • Trading start hour - trading start hour;
  • Trading end hour - trading end hour.
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