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H4 Swing-Level Liquidity Sweeps for M15 Forex Entries

Article MQL5 code base

Summary

This Expert Advisor description outlines a swing-level trading method that identifies confirmed highs and lows on a four-hour chart, then watches a fifteen-minute chart for price to breach and close beyond those levels. A detected sweep triggers an automatic buy or sell. The program updates its stored swing levels as new four-hour candles confirm pivots or as later sweeps invalidate previous ones.

Position size is calculated from a fixed cash risk, the stop-loss distance, and tick value, and chart arrows mark executed trades. The document provides a brief strategy and implementation overview, but no detailed entry definitions, market regime rules, or validated performance analysis. It mentions a EUR/USD result setup with a stated range, stop distance, and reward-to-risk setting, but supplies no interpretable results. The method therefore remains a description of an automated signal and risk-sizing approach rather than evidence of profitability.

Key ideas

  • The system detects swing highs and lows on the four-hour timeframe.
  • It monitors fifteen-minute price action for sweeps beyond stored swing levels.
  • A sweep prompts an automated directional trade, while invalidated levels are removed.
  • Position sizing uses a fixed monetary risk, stop distance, and tick value.
  • The description does not provide enough performance evidence to assess profitability.

Tags

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