Swaper
This tool for MetaTrader 4 is specifically engineered to streamline your trading operations. This Expert Advisor serves as automated trading software. It is utilized to monitor financial markets and execute trades based on predefined algorithmic rules, enabling precise position management without the need for constant manual oversight.
How to Setup and Use Swaper
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.
Description & Settings
The minimum deposit for one group is $100 000 (one hundred thousand). At a smaller deposit the experts will not have enough to trade. Because, in order to open positions towards the positive swaps they need money for mortgages. And to keep them within the strategy, free margin is required. On the cent accounts, 100 000 units are merely $1000;
The minimum timeframe is М15 (15 minutes). On the higher timeframes the intensity of trading is such that the DC is unlikely to withstand and will fill the terminal with requotes;
The instruments must have positive swaps, otherwise there would be no need for such an EA. If the Specification of contracts do not contain them, change the DC.
DC must not limit the number of simultaneously opened trades too much. If such restrictions are imposed, it is necessary to abandon such a fastidious DC. After all, the bulk of these very trades will be opened towards the positive swaps. And in addition to this, trading within the strategy will also be necessary, which will also require the trades to be opened and held open for some time.