Recommended currency pairs are those of high liquidity: GBPUSD, EURUSD, USDJPY, AUDUSD.
In order to install the EA, copy the file with the robot to the Experts folder inside the MQL4 folder and restart the terminal; then you will be able to add the EA to your instrument (currency pair).
The SWB Grid is an expert advisor based on the RSI, Stochastic Oscillator and Bollinger Bands indicators. One of its features is the possibility of receiving signals simple swing trading strategy to reddit open a trade from all indicators, only one indicator or a combination of those. The SWB Grid Forex EA waits for the moment when the price breaks through the lower border of the Bollinger Bands channel, and the Stochastic and RSI lines enter the overbought area, after which it opens a buying simple swing trading strategy reddit position. When the price breaks through the upper border of the channel, gold expert advisor while the lines of the RSI and the Stochastic Oscillator enter the overbought area, the EA opens a selling position.
Simple swing trading strategy reddit Consider price history.Opening a position, the SWB Grid places a Stop Loss and a Take Profit.
If the order does not close at the TP, the Martingale averaging strategy triggers, i. a series of additional orders with an increased lot volume. The distance between the orders is customizable in simple swing trading strategy reddit the EA settings. In order to customize the expert advisor in cara menggunakan robot forex di mt4 accordance with simple swing trading strategy reddit their needs, the trader should study the basic settings and learn which parameter sets up what. Use_daily_target : switches onoff the option of finishing trade upon reaching the profit set for the trading day.
Daily_target : the set size of the profit (in points); upon reaching it, the simple swing trading strategy reddit SWB Grid stops work. Range : the distance between orders placed for averaging the losses (in points). Lot_multiplier : switches the Martingale simple swing trading strategy reddit lot multiplier onoff. Use_sl_and_tp : switchws the placement of the Stop Loss and Take Profit onoff. Tp_in_money : the profit in the currency of the deposit. Use_bb : switch the Bollinger Bands indicator onoff.
Away from suitable supports and resistances to hold the deal together trading Robot development how will performance is second to simple swing trading strategy reddit none in the industry. First expert advisor in an ideal situation, you.Simple swing trading strategy reddit Varied, but.
However, any change requires time, will, knowledge and persistence. It is worth remembering that any robot needs testings not only in the MT4 tester but at least on a demo account as well. The minimal starting price of the deposit may be 100-200 USD on a cent account. Using the Martingale pattern and the system of position averaging, simple swing trading strategy reddit the SWB Grid can maximally increase the possibility of profit. However, it is not to be forgotten that the Martingale and averaging, though they help maximize the simple swing trading strategy reddit profit, entail certain risks. That is why the right settings and the choice of the currency pair are so vital. An important condition for this EA is the use of money management simple swing trading strategy reddit rules: the risk for each trade should be planned as no more than 2-4%. Any trader can change the settings of the expert advisor according to their own trading style and goals.