4H Swing - expert for MetaTrader 4

4H Swing – EA MetaTrader 4

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4H Swing EA trades with 3 EMA’s and “STOCHASTIC” indicator and swing strategy has Trailing Stop Loss &Take Profit works best on  4H & 1D  time frame major forex pairs and stocks NASDAQ.

Try it on demo first.

You choose how to trade: only with the price of open candle or every tick !

If you do not want to trade with increasing lot size when you lose  a trade set:”IncreaseFactor=0″

Inputs

  •  Use_TP_In_Money– Use Take Profit In Money (values:true/false).
  •  TP_In_Money– Take Profit In Money   (values: 10-100).
  • Use_TP_In_percent- Use Take Profit In Percent (values:true/false).
  • TP_In_Percent– Take Profit In Percent (values: 10-100).
  • ————[Money Trailing Stop For Multiple Trades]———————-
  • Enable_Trailing-Enable_Trailing with money  (values:true/false).
  • Take Profit In Money (in current currency) (values: 25-100).
  • Stop Loss In Money(in current currency) (values: 1-120).
  • ————————————————————————————
  • STOC1=Stochastic K Period(values:5-20). 
  • STOC2=Stochastic D Period(values:3-10).
  • STOC3=Stochastic Slowing(values:5-10).
  • MA1-Moving average (values:1-10).                                        
  • MA2-Moving average (values:10-25).
  • MA3-Moving average (values:40-100).
  • BarsToCount  (values:40-100).
  • Exit= Close trades if the trend is against you and control draw dwon (values:true/false).
  • tick=If “tick”=false-every tickIf “tick”=true -open prices  (values:true/false).
  • IncreaseFactor -how much to increase lots from total margin if you lose a trade (values: 0.001-0.1).
  • CandlesToRetrace=Number Of Candles For Divergence (values:40-100).
  • Lots – Lots size (values: 0.01-10).
  • Lots size Exponent  (values: 1.01-2).
  • Stop_Loss – Stop Loss (values: 10-100). /set value 600 for  Multiple Trades
  • MagicNumber – Magic number (values: 1-100000).
  • TakeProfit – Take Profit (values: 10-100). /set value 600 for  Multiple Trades
  • FastMA – Fast Moving Average (values: 1-20).
  • SlowMA – Slow Moving Average (values: 50-200).
  •  Mom_Sell-Momentum_Sell trigger(values: 0.1-5).
  •  Mom_Buy-Momentum_Buy trigger(values: 0.1-5).
  • ———————CONTROL DRAW DOWN—————————–
  • UseEquityStop -(values:true/false).
  • TotalEquityRisk- (values: 0.01-20).
  • —————————————————————————–
  • Max_Trades(1-12). 
  • IF YOU USE ONLY 1 TRADE:
  • ///////////////////////////////////////////////////////
  • USETRAILINGSTOP-If use trailing stop (values:true/false).
  • WHENTOTRAIL-When to trail (values: 40-100).
  • TRAILAMOUNT-Trail amount (values: 40-100).
  • Distance From Candle -Distance From Candle (values: 1-100).
  • USECANDELTRAIL=If use trailing stop (values:true/false).
  • X=2-number of candles (values: 1-100).
  • USEMOVETOBREAKEVEN-Enable ” break even ” (values: true/false).
  • WHENTOMOVETOBE-When to move break even (values: 1-30).
  • PIPSTOMOVESL=30-How much pips to move stop loss  (values: 1-30).
  • ///////////////////////////////////////////////////////////
Alternative:  Permutations and Combinations (MT4) - library MetaTrader 4

You need to optimize this EA once  a week and use the exact same  inputs from above .

You can use it as  hedging grid EA or a single trade EA.

    4H Swing – expert for MetaTrader 4
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