The 4H Swing EA is designed for traders looking to enhance their strategies using a combination of three EMAs and the Stochastic indicator. This expert advisor thrives on the 4H and 1D time frames, making it ideal for major forex pairs and NASDAQ stocks. It's also effective on the 1H time frame, giving you plenty of flexibility.
Key Features
- Start by testing it on a demo account to get a feel for its performance.
- This EA trades based solely on the price of the open candle, ensuring precision.
- If you prefer not to increase lot sizes after a losing trade, simply set IncreaseFactor=0.
Inputs and Settings
- Use_TP_In_Money - Enable Take Profit in monetary value (true/false).
- TP_In_Money - Set Take Profit in money (values: 10-100).
- Use_TP_In_percent - Enable Take Profit in percentage (true/false).
- TP_In_Percent - Set Take Profit in percentage (values: 10-100).
- Enable_Trailing - Enable trailing stop with monetary value (true/false).
- Take Profit In Money (values: 25-100).
- Stop Loss In Money (values: 1-120).
- STOC1 - Stochastic K Period (values: 5-20).
- STOC2 - Stochastic D Period (values: 3-10).
- MA1 - First Moving Average (values: 1-10).
- MA2 - Second Moving Average (values: 10-25).
- MA3 - Third Moving Average (values: 40-100).
- BarsToCount (values: 40-100).
- Exit - Close trades if the trend goes against you (true/false).
- tick - Choose between every tick or open prices (true/false).
- IncreaseFactor - Set how much to increase lots after a loss (values: 0.001-0.1).
- CandlesToRetrace - Number of candles for divergence (values: 40-100).
- Lots - Specify lot size (values: 0.01-10).
- MagicNumber - Set a unique identifier for trades (values: 1-100000).
Optimization and Backtesting
To ensure optimal performance, it’s recommended to regularly optimize this EA using the inputs mentioned above. You can utilize it as a hedging grid EA or for single trades.
For backtesting, check out this guide.
Comments 0