- April 21, 2023
- Posted by: Forex Wiki Team
- Category: Free Forex EA
Forex Swing Trader EA Review
Forex trading has become increasingly popular over the years, and with it, the demand for reliable and effective trading strategies has grown. The Forex Swing Trader EA is a new product that claims to be the first EA based on price action and trend strategy and is capable of trading on five currency pairs simultaneously. In this article, we will delve into the features of this product, its recommended settings, and offer some advice on how to use it effectively.
Features
The Forex Swing Trader EA has several features that make it an attractive product for those looking to trade in the Forex market. Firstly, it is based on a combination of price action and trend strategies, which are both highly effective in predicting market movements. Secondly, the EA is capable of trading on five currency pairs at the same time, which provides a wider range of opportunities for traders. Thirdly, the product boasts a low drawdown of below 25%, which is a crucial factor for traders who want to minimize risk.
Best Brokers ListÂ
The Forex Swing Trader EA  works with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:
 Forex Swing Trader EA Setting
The Forex Swing Trader EA has undergone three years of testing and has only recently been made available for public . The product is easy to use, and its default settings are recommended for traders who are just starting. The EA is designed to open and close trades automatically, and it analyzes market data in all aspects to provide traders with the best possible opportunities for profit.
The EA does not use martingale strategy, which is often considered high risk by many traders.
Recommended Setting: To achieve optimal performance, the Forex Swing Trader EA should be run on five currency pairs: AUDCAD, GBPUSD, EURUSD, NZDCAD, and USDCAD.
A 1-minute time frame on the MetaTrader 4 (MT4) platform is recommended, and the auto-trading option should be turned on.
To minimize risk, a VPS or an online computer host is recommended to keep the EA online at all times.
For every $1000 in fund size, a lot size of 0.01 is recommended, with a maximum drawdown of 20%. For example, if the fund size is $2000, the lot size should be 0.02.
Forex Swing Trader EA Results
It is important to note that the EA opens several trades, and it is normal to see some trades go into a loss. However, the EA is designed to close trades in profit or with minimum loss. A starting fund of $500 for each 0.01 lot size is also recommended, with an expected drawdown of around 35%. It is advisable not to use a cent or mini account and to use a standard or ECN account type with a leverage of at least 1:100.
Finally, it is crucial to select a broker with low fees and low swap and high-speed servers. An ECN account type with a leverage of 1:500 is recommended.
Conclusion
The Forex Swing Trader EA is a new product that offers several features that are attractive to traders. It is based on a combination of price action and trend strategies, can trade on five currency pairs simultaneously, and has a low drawdown of below 25%. The product has undergone three years of testing and is easy to use. To achieve optimal performance, it is recommended to use the product on five currency pairs, with a 1-minute time frame, and a VPS or an online computer host. It is
 Forex Swing Trader EA Free Download
We highly recommend trying the Forex Swing Trader EA with ICMarket demo account. Also, familiarize yourself with and understand how this system works before using it on a live account.
