Coensio Swing Trader EA CSTV04
Info
The Coensio Swing Trader EA CSTV04 is a Expert Advisor for MetaTrader 4 that coensio swing trader makes it possible to trade semi-automatically using manually pre-defined support/resistance or breakout levels. The EA sends orders automatically according to a predefined trading direction, which can be defined as simply as drawing a line on the chart.
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 CSTV04
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 makes it possible to trade semi-automatically using manually pre-defined support/resistance or 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 makes it possible to trade semi-automatically using manually pre-defined support/resistance or breakout levels. The EA sends orders automatically according to a predefined trading direction, which can be defined as simply as drawing a line on the chart. Trading support and resistance and breakouts was never so easy.Also recommended: Swing Cyborg Expert Advisor - similar expert with strong performance on MetaTrader 4.
EA trading instructions:
- Load the EA on a chart and set the desired parameters: stoploss, takeprofit, lots, entrythreshold, trailing stoploss, etc..
- Draw a breakout/trendline on the chart (insert->lines->trendline).
- Rename the trendline according to the desired trade direction, for example, "gl" for long or "gs" for short.
- Move the blue and red lines to adjust the takeprofit/stoploss levels.
- To enable proportional risk management, set lots to 0 and, for example, riskmax to 2 (in percent of account equity based on stoploss size).
- When falsebreakclose is set to true, the order will be closed when the entry candle turns and closes in the wrong direction.
You may also like: Coensio Swing Trader EA CS T - 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 magicma = 3141592;
extern int stoploss = 50;
extern int takeprofit = 100;
extern double lots = 0; //fixed lot size, set to 0 to use proportional risk management set by riskmax
extern double riskmax = 2; //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.