Coensio Swing Trader EA CS T
Info
The Coensio Swing Trader EA CS T is a Expert Advisor for MetaTrader 4 that coensio swing trader ea cs t is a powerful tool for semi-automated trading based on pre-defined support/resistance and breakout levels. This EA simplifies trading by allowing you to set up trades with just a few clicks.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Experts folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use Coensio Swing Trader EA CS T
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
What this tool does
Coensio Swing Trader EA CS T is a powerful tool for semi-automated trading based on pre-defined support/resistance and breakout levels.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 4. Place the file in the MQL4/Experts folder and restart the terminal.
Description & Settings
Related: APB Channel EA: Heikin-Ashi Reversals with Keltner Channel Confirmation and Swing Structure Stops - another powerful expert for MetaTrader 4 traders.
Coensio Swing Trader EA CS T is a powerful tool for semi-automated trading based on pre-defined support/resistance and breakout levels.Also recommended: Coensio Swing Trader EA CSTV04 - similar expert with strong performance on MetaTrader 4.
This EA simplifies trading by allowing you to set up trades with just a few clicks. Here's how:
- Load the EA on your chart and configure parameters like stop loss, take profit, lot size, entry threshold, and trailing stop loss.
- Draw a breakout/trendline on the chart using the Insert > Lines > Trendline option.
- Rename the trendline to indicate the trade direction: 'GL' for long and 'GS' for short.
- Adjust the blue and red lines to set your take profit and stop loss levels.
- For proportional risk management, set lots to 0 and specify the maximum risk as a percentage of account equity (e.g., RiskMax = 2%).
- Enable the FalseBreakClose feature to close orders if the entry candle reverses and closes in the opposite direction.
With Coensio Swing Trader EA CS T, trading SR and breakouts has never been easier.
You may also like: Swing Cyborg Expert Advisor - excellent alternative for expert users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#include <stdlib.mqh>
#include <winuser32.mqh>
extern int magicnr = 3141592;
extern int stoploss = 50;
extern int takeprofit = 80;
extern double lots = 0.05; //fixed lot size, set to 0 to use proportional risk management set by riskmax
extern double riskmax = 0; //max risk per trade in %
extern int slipage = 3; //slippage in pips.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.