Recruitment of participants Swingy MT4

Swingy MT4

SWINGY is a swing system, based on the breakouts of support and resistance levels. It's a well known strategy that has been traded for decades on all types of markets.

Currently, the system is already optimized for 12 currency pairs: EURUSD;GBPUSD;USDJPY;AUDJPY;AUDUSD;EURAUD;EURCAD;EURGBP;EURJPY;GBPJPY;USDCAD;USDCHF;

This is a longterm trading strategy, and is a perfect addition to any trader's portfolio.

Since the average profits are higher than 20 pips per trade, the system is not really dependent on broker or pricefeed.

But ofcourse, it will run best on a good low cost ECN broker. I can recommend some if needed.

First live test results: https://www.mql5.com/en/signals/1599552



Setup of the EA:

Setup is very easy. Simply run the EA on a EURUSD H1 chart, enable the OneChartSetup and start.

The EA will automatically recognise the suffix if needed.

The best way to run the EA, is by using the Lotsize Calculation method called "Risk Based on Max Historical DD".

That way, the EA will adjust the lotsize of each pair, based on his maximum historical DD, so all pairs will run with equal risk.

All predefined risk settings are based on low risk trading.

Recommended minimum balance: 200$ (when running only 3 pairs, for example EURUSD, GBPUSD and USDJPY)

Recommended minimum balance to run all 12 pairs: 1000$



How to backtest:

Best is to run the backtest on MT5, so that you can use the OneChartSetup and run all pairs together in a single test

I recommend using the "Lotsize Calculation method called "Risk Based on Max Historical DD" and set it to 10 for low risk, or 20 for medium risk

Run on EURUSD H1 and use 1 minute OHLC for reliable results or every tick for most accurate results




Key features:

• very simply, yet effective strategy that can work on any market
• clever lotsize system, based on historical max DD for each pair to determine lotsize.
• TP and SL on every trade
• no grid, martingale, averaging down, or any other risky trade management system used.
• a trading strategy proven to work for decades, with good risk/reward ratio
• no manipulated backtests

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