Swing Trading EA: Free MT5 EA Download & Source Code

Overview

Swing Trading EA identifies entries through two primary methods: trend reversals and breakouts from consolidation zones. The reversal logic utilizes Fibonacci retracement levels combined with Stochastic and MACD confirmations. Risk management features include percentage-based lot sizing, dynamic stop loss placement based on price swings, and take profit targets calculated using a fixed risk-to-reward ratio. The EA is optimized for higher timeframes like H4 and D1 and includes trailing stop functionality.

Dual strategy support for reversals and breakouts

Fibonacci retracement level analysis

Stochastic and MACD momentum confirmation

Percentage-based position sizing

Dynamic stop loss and trailing stop

Details

Author

JonusNattapong on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

Trend following, Breakout, Mean reversion, Indicator crossover

Markets

Forex

Timeframes

H4 and above

Risk Profile

No grid, martingale or hedging logic was found in its code or README. That says nothing about how it performs: backtest it first.

EA Files

SwingTradingEA.mq5

Source

github.com/JonusNattapong/SwingTrading

Input Parameters

Read from SwingTradingEA.mq5. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default	Description
`TimeFrame`	`ENUM_TIMEFRAMES`	`PERIOD_H4`	Trading timeframe (H4 or D1)
`RiskPercent`	`double`	`1.0`	Risk per trade (% of account)
`StochPeriodK`	`int`	`5`	Stochastic %K period
`StochPeriodD`	`int`	`3`	Stochastic %D period
`StochSlowing`	`int`	`3`	Stochastic slowing
`MACDFast`	`int`	`12`	MACD fast EMA period
`MACDSlow`	`int`	`26`	MACD slow EMA period
`MACDSignal`	`int`	`9`	MACD signal period
`UseReversal`	`bool`	`true`	Use reversal strategy
`UseBreakout`	`bool`	`true`	Use breakout strategy
`FiboRetracementPeriod`	`int`	`20`	Period for Fibonacci retracement calculation
`ReversalFiboLevel1`	`double`	`38.2`	Fibonacci level 1 (%)

Show all 17 inputs

Name	Type	Default	Description
`ReversalFiboLevel2`	`double`	`50.0`	Fibonacci level 2 (%)
`ReversalFiboLevel3`	`double`	`61.8`	Fibonacci level 3 (%)
`StochOverbought`	`int`	`80`	Stochastic overbought level
`StochOversold`	`int`	`20`	Stochastic oversold level
`TPRatio`	`double`	`2.0`	Risk:Reward ratio for Take Profit

How to Install It

1Download the sourceUse "Download source (.zip)" above, or clone JonusNattapong/SwingTrading from GitHub, and unzip it.

2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL5/Experts.

3Copy the filesCopy the .mq5 file into Experts.

4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.

5Test before you tradeRun it in the Strategy Tester, then attach it to a demo chart and allow algorithmic trading.

Third-party code. ForexR did not write, test or endorse this EA, and the summary above was generated automatically from its README and code. ForexR lists only repositories with readable source code and never hosts files. Read the code, backtest it and use a demo account first; automated trading can lose money quickly.

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