The Swing Killer Forex robot for Metatrader 4 is a profitable EA that identifies the key overbought and oversold technical levels.
Generally speaking, the robot looks for either trend reversal or trend continuation signals around these levels.
- In an uptrend, it waits for the price to reach key oversold levels and then enters a long trade using a buy pending order.
- In a downtrend, it waits for the price to reach key overbought market levels and then enters a short trade using a pending short order.
The expert advisor made an amazing +316.53% profit in 3 years of trading with a very acceptable 8.65% drawdown.
It works on any currency pair of your preference, however, since it’s a scalper EA, deploy it on the low spread currency pairs.
All trades are fully secured by a stop loss and take profit order. Stop losses are based on the Average True indicator (ATR).
As always, please test the EA on a demo account first until you fully understand how it works and how it performs over an extended period of time.
Download the “Swing Killer EA.ex4” expert advisor
Find below the detailed Swing Killer track record (click on the picture for full size view).
- Gain: +316.53%
- Daily gain: 0.12%
- Monthly gain: 3.68%
- Drawdown: 8.65%
The picture below shows the Swing Killer EA attached to Euro/U.S. Dollar 5-minute trading chart.
Recommendations & Specifications
- Optimized for the M5 trading charts
- Should work for any time frame
- Preferred low spread currency pairs
- Minimum account balance: $125
- Demo account: Yes
- Real account: Yes
- Trading platform: Metatrader 4
Input Parameters & Settings
The following input parameter values can be modified by accessing the EA’s “Inputs” tab:
Select lots type, take profit type, stop loss type, use break-even, use trailing stop, ATR settings
Download This Expert Advisor
Download the “Swing Killer EA.ex4” EA
How to install and run the Swing Killer Forex robot in Metatrader 4?
- Open the Metatrader 4 platform
- From the top menu, click on “File”
- Now click on “Open Data Folder”
- Open the “MQL4” folder
- Open the “Experts” folder
- Copy the Swing Killer EA.ex4 file here
- Then close and restart the MT4 platform
- Attach the expert advisor to the chart
Now, you are ready to start using the Swing Killer EA!