The Swift Money EA represents an automatic forex trading robot for MT4. It applies multiple moving averages with price envelope and average true range (ATR) filters to automatically determine buy-sell setups, stop-loss positions, and take-profit targets.
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This robot is highly adaptable to multiple timeframes. Besides, its features can be customized to suit different trading styles and risk management strategies.
In this guide, we’ll explain how the Swift Money EA helps you with automated forex trading in MT4.
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Swift Money EA Strategy
Swift Money EA uses a combination of technical indicators and price action analysis to identify trading opportunities. Trades are then entered and exited automatically based on pre-set parameters and rules. It employs average true range (ATR), moving average, and price envelope to determine buy-sell opportunities.
The ATR and MA trading strategy is a popular approach for identifying potential entry and exit points in the market. ATR measures the volatility of a security. While the Moving Average is a trend-following indicator that helps the bot identify the direction of the trend. By combining these two indicators, Swift Money EA can create a powerful trading strategy.
Swift Money EA Features
- Currency pairs: EURUSD & GBPUSD.
- Timeframe: M1, M5, and M15.
- Multiple trade entry modes.
- Fixed and risk-based trading lots.
- Automatic TP, SL, and trailing stop execution.
- Breakeven trading strategy.
- Price envelop, ATR, and MA filters.
Swift Money EA MT4 Settings
- Wait for Close Candle Open – The EA waits until the candle closes to activate fresh entries.
- Minutes To Delete Pending Orders – Specify an expiration time for the pending orders.
- Select Lots Type – Select whether you want to use a fixed or risk-based trading lot.
- Account Percent for Lots – Percentage of account balance used to determine an auto lot.
- Lots Fixed Order (I – III) – A fixed lot for trading cycles 1, 2, and 3.
- TP Type – Calculate profit target based on profit percentage or pips.
- Percent TP Order – Set profit percentage to determine TP.
- Take Profit Order (I – III) – Fixed take profit targets in pips for trading cycles 1, 2, and 3.
- SL Type – Select the average true range or level-based stop-loss type.
- Use Breakeven – Enable/disable the breakeven trading strategy.
- Breakeven Order Distance – Fixed profit limit in pips to activate breakeven trading.
- Use Trail Stop – Enable/disable the trailing stop feature.
- Trail Start – Initial trailing stop in pips.
- Trail Steps – Input the trailing step value.
- ATR Period – Average true range period value.
- ATR Multiplier – ATR multiplier determines the sensitivity of the indicator to price action changes.
- Use Moving Average Filter – Enable/disable the moving average trend filter.
- Moving Timeframe – Timeframe to be applied for the MA filter.
- MA Period – Moving average period value.
- Env Depth – Period value for the envelope indicator.
- Env Deviation – Deviation of the envelope.
- Env Backstep – Input the backstep value of the price envelope.
- Magic – Unique identification number for the EA.
Swift Money EA Summary
The Swift Money EA trading bot for MT4 is a highly impressive expert advisor in terms of its advanced algorithms used to analyze the market and execute trades automatically. It is a fully customizable bot that allows traders to adjust settings according to their preferred trading style. While automated trading can be convenient and efficient, it is essential to remember that performance history is not indicative of future results. Always thoroughly test any EA before using it with real money, and be prepared to make adjustments based on market conditions.
I’m a self-confessed Forex geek who spends countless hours researching, testing, and reviewing everything related to trading. With many years of experience in the Forex industry—and thousands of robots, brokers, strategies, and courses put to the test—I’ve seen what works and what doesn’t. My goal is simple: to share that knowledge with you for free, so you can navigate the exciting (and sometimes crazy) world of Forex trading with more confidence.
