The 4H Swing Metatrader 4 Forex Robot is an automated trading software that utilizes the Stochastic technical indicator and 3 exponential moving averages to deploy automated buy/sell trade triggers.
The 4H Swing forex robot is known to work best on the 4 Hours and Daily time frames on major currency pairs like the GBP/USD, EUR/USD, USD/JPY, USD/CAD, etc. and stocks listed on NASDAQ.
It is possible to alter the frequency of the buy/sell automated alerts issued by the 4H Swing expert advisor by tweaking the values of the “STOC1,” “STOC2,” “STOC3,” “MA1,” MA2,” and “MA3” inputs variables.
This EA is built to support swing trading, making it a long term trading strategy that can hold overnight positions as well.
Strategy Tester Report
Find below the 4H Swing forex robot strategy tester report for the EUR/USD forex pair on the 4 Hours chart.
The EA made a total profit of $2753.69 from a total of 353 trades. The largest winning trade generated $221.15 in profits, while the largest losing trade generated a loss of-$113.60.
Bars in test: 10129 ticks modelled
Initial deposit: $10000.00
Total net profit: $2753.69
Total trades: 353
Largest profit trade: $221.15
Largest loss trade: -$113.60
Consecutive wins: 3
Consecutive losses: 1
MT4 Forex Robot Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Expert advisor
Input Parameters: Enable “no loss”, When to move break even, How much pips to move sl, Lots size, MaximumRisk, DecreaseFactor, TrailingStop, Stop Loss, MagicNumber, TakeProfit, STOC1, STOC2, STOC3…
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: Stochastic | MA
Copy and paste the 4H SWING.mq4 into the MQL4 Experts folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Experts (paste here)