About the 4H Swing Expert Advisor
The 4H Swing Metatrader 4 Forex Robot is a powerful automated trading tool that combines the Stochastic indicator with three exponential moving averages to generate precise buy and sell signals.
It simplifies trading by executing trades automatically, saving time and effort for both beginners and experienced traders.
This EA works best on the 4-hour and Daily charts, making it ideal for swing trading.
It is optimized for major currency pairs such as GBP/USD, EUR/USD, USD/JPY, USD/CAD, and can also be applied to NASDAQ-listed stocks, giving traders a versatile trading tool.
Traders can customize how often the EA issues trade alerts by adjusting the input variables “STOC1,” “STOC2,” “STOC3,” “MA1,” “MA2,” and “MA3.”
This flexibility allows users to fine-tune the robot to match their trading style and risk tolerance.
Built for swing trading, the 4H Swing EA can hold positions overnight to capture larger market movements.
Its long-term approach helps traders take advantage of significant swings, while automated execution ensures timely entries and exits.
Free Download
Download the “4H SWING.mq4” MT4 robot
Key Features
Swing Point Detection
Identifies major swing highs and lows to determine optimal entry and exit points for trades.
Automated Trade Execution
Executes buy and sell orders automatically when swing conditions are met, removing the need for manual intervention.
Customizable Risk Settings
Adjustable lot size, stop loss, and take profit settings allow traders to control risk per trade.
Trend and Momentum Analysis
Analyzes market trends and momentum to increase trade accuracy and reduce false signals.
Multi-Timeframe Compatibility
Can be applied to multiple timeframes to suit scalping, swing, or position trading strategies.
Strategy Tester Report
Find below the 4H Swing forex robot strategy tester report for the EUR/USD forex pair on the 4 Hours chart.
Key Performance
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.
Statistics:
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
How the EA Works
- Scans the market for swing highs and lows.
- Confirms trend direction and momentum.
- Executes buy or sell orders when conditions are met.
- Sets stop loss and take profit levels automatically.
- Monitors trades and adjusts trailing stops or break-even points.
- Closes trades when targets are reached or market conditions change.
Download Now
Download the “4H SWING.ex4” Metatrader 4 robot
Parameters & Settings
- LotSize – trade size per position
- StopLoss – stop loss in pips
- TakeProfit – take profit in pips
- Slippage – maximum allowed slippage
- TradingHours – active trading hours
- MagicNumber – unique identifier for the EA’s trades
- UseTrailingStop – enable or disable the trailing stop feature
Recommended Trading Setup
- Currency Pairs: EURUSD, GBPUSD, USDJPY, and other liquid pairs
- Timeframes: H4 for optimal swing detection
- Broker: ECN or low-latency brokers for minimal slippage
- Risk Settings: 1%–2% per trade on live accounts
- Environment: VPS recommended for uninterrupted trading
FAQ
Q: Can the EA run on multiple charts simultaneously?
A: Yes, but ensure each instance uses a unique Magic Number to avoid conflicts between trades.
Q: Is this EA suitable for beginners?
A: Yes, it automates trading, but beginners should start with a demo account to understand settings and trade behavior.
Q: How does the EA handle sideways markets?
A: The EA includes filters to avoid trading during low volatility or non-trending conditions, reducing false signals.
Q: Can trailing stops be used?
A: Yes, the EA allows optional trailing stops to lock in profits as trades progress favorably.
Summary
The 4H Swing Metatrader 4 Forex Robot is an automated trading solution designed to capture profitable market swings.
Using the Stochastic indicator and three exponential moving averages, it generates precise buy and sell signals while managing trades automatically.
Optimized for the 4-hour and Daily timeframes, it works well on major currency pairs and NASDAQ stocks.
Perfect for swing traders, this EA can hold positions overnight, allowing users to take advantage of larger market movements.
