Swing Trading

The EA is based on the Swing Trading style. Swing Trading is a trading style that tries to capture a portion of a larger move. The trading style is based on the assumption that prices rarely move in a straight line. Swing Trading EA uses multiple indicators and oscillators to identify when most likely market changes the direction, at that point it will enter the swing to get a big piece of the price movement. It will exiting the open trades when the swing is expected to be finished.

The trades will stay open for multiple days to capture a big part of the swing of the market (Price Movement). If the market is not making the expected swing yet, it will add another position at a point that it is most likely the change of direction will happen. The maximum of total trades per direction is specified in the settings.

The Swing Trading EA will open and close the trades fully automated. It works on Forex pairs, indices and gold. It might work on other markets, however, it is not tested.

It is recommended to run the EA on H1 and H4 charts only. If you use the Swing Trading EA on multiple time frames for the same pair, ensure you use different Magic Numbers for each time frame.