SWB Grid EA

The SWB Grid EA is a forex trading robot that is based on the RSI, Stochastic Oscillator, and Bollinger Bands indicators, which it uses to identify potential trading opportunities in the market. The SWB Grid EA is designed to work on the MetaTrader 4 trading platform and is equipped with several features that allow traders to customize their trading strategies.

In this review, we will take an in-depth look at the SWB Grid EA, examining its features, strengths, and weaknesses. We will also explore its risk management and provide a demo account analysis to give traders a better understanding of how it performs in the market. By the end of this review, you will have a comprehensive understanding of the SWB Grid EA and whether it is a suitable forex trading robot for your trading needs.

SWB Grid EA Strategy

The SWB Grid EA is a Forex trading robot that is designed to trade on the MetaTrader 4 trading platform. It is an indicator-based expert advisor that uses order grids and Martingale to open and manage positions.

The EA uses the RSI, Stochastic Oscillator and Bollinger Bands indicators to identify potential trade entry points. It waits for the moment when the price breaks through the lower border of the Bollinger Bands channel, and the Stochastic and RSI lines enter the overbought area, after which it opens a buying position. When the price breaks through the upper border of the channel, while the lines of the RSI and the Stochastic Oscillator enter the overbought area, the EA opens a selling position.

SWB Grid EA Activity
SWB Grid EA Activity

The recommended timeframe for using the SWB Grid EA is M5, but it can also be used on other timeframes. The recommended currency pairs for trading with this EA are those of high liquidity, such as GBP/USD, EUR/USD, USD/JPY, AUD/USD.


When the EA opens a position, it places a Stop Loss and a Take Profit. If the order does not close at the TP, the Martingale averaging strategy triggers, which means that the EA opens a series of additional orders with an increased lot volume. The distance between the orders is customizable in the EA settings.

The strengths of the SWB Grid EA include its ability to use multiple indicators for trade entry, its customizable grid settings, and its use of risk management tools like Stop Loss and Take Profit orders.

However, the EA’s use of Martingale can be considered a weakness, as it increases the lot size of trades after a loss, which can lead to larger losses if the market continues to move against the position. Additionally, the EA’s reliance on indicator-based signals means that it may not perform well in certain market conditions.

It is important to note that any use of an EA carries risks, and it is recommended to test the SWB Grid EA on a demo account before using it with real funds. It is also important to practice proper risk management when using the EA, including using appropriate lot sizes and setting Stop Loss and Take Profit orders.

SWB Grid EA Features

  • It is designed for use on the MetaTrader 4 trading platform.
  • The EA is an indicator-based expert advisor that uses order grids and Martingale to open and manage positions.
  • It uses the RSI, Stochastic Oscillator, and Bollinger Bands indicators to identify potential trade entry points.
  • The EA can receive signals to open a trade from all indicators, only one indicator, or a combination of those.
  • The recommended timeframe for using the SWB Grid EA is M5, but it can also be used on other timeframes.
  • It is recommended to use the EA with currency pairs of high liquidity, such as GBP/USD, EUR/USD, USD/JPY, AUD/USD.
  • The EA places a Stop Loss and a Take Profit when it opens a position.
  • If the order does not close at the Take Profit level, the EA triggers a Martingale averaging strategy, which opens a series of additional orders with an increased lot volume.
  • The distance between the orders can be customized in the EA settings.
  • The EA offers customizable grid settings to suit individual trading preferences.
  • It can be backtested to evaluate its performance and can be optimized for best results.
  • It comes with a user manual and customer support to assist with any issues or questions that may arise during use.

SWB Grid EA Settings

  • Use_daily_target: Enables or disables the option to finish trading upon reaching the profit set for the day.
  • Daily_target: Sets the size of the profit in points upon reaching which the SWB Grid stops trading for the day.
  • Trade_in_fri: Enables or disables trading on Fridays.
  • Start_lot: Sets the starting volume of a trade lot.
  • Range: Sets the distance in points between orders placed for averaging the losses.
  • Level: Sets the maximum number of orders for averaging.
  • Lot_multiplier: Enables or disables the Martingale lot multiplier.
  • Use_sl_and_tp: Enables or disables the placement of Stop Loss and Take Profit for a trade.
  • Sl: Sets the Stop Loss in points.
  • Tp: Sets the Take Profit in points.
  • Tp_in_money: Sets the profit in the currency of the deposit.
  • Use_bb: Enables or disables the use of the Bollinger Bands indicator.
  • bb_period: Sets the period of the Bollinger Bands.
  • Use_Stoch: Enables or disables the use of the Stochastic Oscillator.
  • Lo_level: Sets the oversold level of the Stochastic Oscillator.
  • Up_level: Sets the overbought level of the Stochastic Oscillator.
  • Use_rsi: Enables or disables the use of the RSI.
  • Lower: Sets the oversold level of the RSI.
  • Upper: Sets the overbought level of the RSI.

SWB Grid EA Summary

The SWB Grid EA is a MetaTrader 4 forex trading robot that uses the RSI, Stochastic Oscillator, and Bollinger Bands indicators to identify trading opportunities. It employs an order grid and Martingale strategy to manage trades. Strengths of the SWB Grid EA include customizable settings, multiple indicator usage, and the potential for high returns. While its weaknesses lie in its reliance on Martingale and its high risk. The SWB Grid EA is best suited for experienced traders who understand the risks involved in using Martingale. Use of the EA does not guarantee profits,  and demo testing along with good risk management practices are essential to using this EA.


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