A Multi-Pair Expert Advisor for Scalping and Swing Trading

Summary

The article describes a MetaTrader expert advisor framework with separate scalping and swing modes across a configurable list of instruments. Its proposed scalp logic uses short timeframes, fast and slow exponential moving averages, RSI filters, and relatively tight stops and targets. The swing configuration uses a longer timeframe, a lookback window, a Fibonacci retracement level, and optional daily trend confirmation. Inputs also cover position size, trailing stops, maximum open positions, slippage, and whether ATR can inform stop and target distances.

The document argues that selecting a mode to suit market conditions could help the system address both short-term moves and longer swings. However, the supplied text is incomplete, and its backtest section does not provide usable results here. It offers configuration examples rather than evidence that the EA is profitable or adapts reliably. The stated settings vary within the article, and pip values may not transfer consistently across the listed assets or brokers. Execution costs, parameter selection, and out-of-sample validation would matter when evaluating the approach.

Key ideas

• The proposed EA has selectable scalping and swing trading modes for multiple instruments.
• The scalping setup combines short timeframes with EMA and RSI signals and tighter trade distances.
• The swing setup uses a longer timeframe, Fibonacci retracement input, and optional higher-timeframe confirmation.
• ATR-based stops and targets are offered as an option alongside fixed distances.
• The provided text does not include usable backtest evidence, and its example settings vary across sections.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.