Swing Cyborg
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 Swing Cyborg
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
Can you predict medium and long term moves? If so, there is no more need to waste your time in front of your computer, SwingCyborg comes to the rescue! This Expert Advisor is based on your human ability to predict medium and long term trends. Please, tell SwingCyborg when you think the new trend is starting and finishing, and it will work 24 hours 7 days for you.
Figure 1. A cybernetic organism is a being with both organic and mechanical parts
Example on CADJPY:
Figure 2. SwingCyborg on CADJPY from 2014.01.02 to 2014.02.03
Features:
Simulates MT5 position system.
Helps you to automate your medium and long term trading.
Manages three different money management policies: LOW, MEDIUM and HIGH. This is the so-called EA's aggressiveness.
Please, backtest the EA's aggressiveness on your prefered asset and then chose that one that historically better behaves.
It relies on RSI to avoid trading when the market is overbought or oversold.
Works on MT4 build 600.
