Forex Wiki Trading > FX Ind > Coensio Swing Trader EA CSTV04

Coensio Swing Trader EA CSTV04

  • December 8, 2013
  • Posted by: Forex Wiki Team
  • Category: FX Ind
No Comments 1608 1479

Contents
1 Description:
2 Image:
3 EA trading instructions:
0
(0)
Name:
Coensio Swing Trader EA CSTV04
Author: coensio (2013.11.26 13:12)
Downloaded: 1422
Download:
Coensio Swing Trader EA CSTV04 1
 CSTV04.mq4 (13.5 Kb) View

Description:

Coensio Swing Trader makes it possible to trade semi-automatically using manually pre-defined support/resistance or breakout levels. EA sends automatically orders according to predefined trading direction which can be defined as simply as drawing a line on the chart. Trading SR and breakouts was never so easy.

Image:

Coensio Swing Trader V04

EA trading instructions:

1. Load EA on chart and set desired parameters: StopLoss, Takeprofit, Lots, EntryThreshold, Trailing StopLoss etc..
2. Draw a breakout/trendline on chart (Insert->Lines->Trednline).
3. Rename trendline according to desired trade direction "gl" = long; "gs" = short.
4. Move Blue and Red line to adjust TakeProfit/StopLoss levels.
5. To enable proportional risk management, set Lots=0; and e.g.:
RiskMax=2 (in % of account equity based on StopLoss size).
6. When FalseBreakClose=true, order will be closed when entry candle turns and closes in the wrong direction.

 
8 comments  To post a new comment, please log in or register

mik2013:
Thanks, thats make sense, what do you thing about "MA" breakout?

Hi mik2013, in my opinion trading MA breakouts is a bad idea.

08.12.2013 18:11 coensio

Thanks, thats make sense, what do you thing about "MA" breakout?
08.12.2013 03:10 mik2013

mik2013:
Sorry, its work,but, may be late,sometimes one bar (candle) more the 10 pips. Can you program like stop order, if hit the price open order right away? I would suggest if you could use "MA" also, if break the moving average open or close the order, thats would be great.

It's too late because of EntryThreshold setting, that determines the number of "breakout" pips below the trend line before sending an order. Setting EntryThreshold parameter to <5 is not recommended because then you would get into the market on every single "false breakout" event.

07.12.2013 10:52 coensio

Sorry, its work,but, may be late,sometimes one bar (candle) more the 10 pips. Can you program like stop order, if hit the price open order right away? I would suggest if you could use "MA" also, if break the moving average open or close the order, thats would be great.
06.12.2013 23:06 mik2013

mik2013:
I placed on the chart as you described, its broke through the line but no order was placed, can you give more help to make it work?

Did you renamed your Trendline? "gl" = for long direction, "gs" = for short direction. Otherwise please post the output from "Experts" tab.

05.12.2013 18:45 coensio

Wonderful tool... but can't get any order out of it. What is the official syntax please ?
05.12.2013 16:11 samwise59

I placed on the chart as you described, its broke through the line but no order was placed, can you give more help to make it work?
03.12.2013 20:44 mik2013

good job

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Author: Forex Wiki Team
We are a team of highly experienced Forex Traders [2000-2023] who are dedicated to living life on our own terms. Our primary objective is to attain financial independence and freedom, and we have pursued self-education and gained extensive experience in the Forex market as our means to achieve a self-sustainable lifestyle.
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