SwingOlly generates trade entry and exit signals by combining multiple technical indicators, specifically the Double Exponential Moving Average (DEMA), Parabolic SAR, Stochastic Oscillator, and Relative Strength Index (RSI). The expert advisor manages risk using configurable, point-based stop loss and take profit levels. Position sizing can be defined as either a fixed lot size or a risk-based percentage. Additionally, a dynamic trailing stop based on a customizable Moving Average is included to lock in profits.
Multi-indicator entry signal combining DEMA, SAR, Stochastic, and RSI
Dynamic Moving Average-based trailing stop
Flexible position sizing with fixed lot or percentage options
Configurable signal thresholds for opening and closing positions
Read from SwingOlly.mq5. Defaults are the author's; change them in the EA's Inputs tab.
Name
Type
Default
Description
Expert_Title
string
SwingOllyII
Document name
Signal_ThresholdOpen
int
10
Signal threshold value to open [0...100]
Signal_ThresholdClose
int
10
Signal threshold value to close [0...100]
Signal_PriceLevel
double
0.0
Price level to execute a deal
Signal_StopLevel
double
50.0
Stop Loss level (in points)
Signal_TakeLevel
double
50.0
Take Profit level (in points)
Signal_Expiration
int
4
Expiration of pending orders (in bars)
Signal_DEMA_PeriodMA
int
12
Double Exponential Moving Average Period of averaging
Signal_DEMA_Shift
int
0
Double Exponential Moving Average Time shift
Signal_DEMA_Applied
ENUM_APPLIED_PRICE
PRICE_CLOSE
Double Exponential Moving Average Prices series
Signal_DEMA_Weight
double
1.0
Double Exponential Moving Average Weight [0...1.0]
Signal_SAR_Step
double
0.02
Parabolic SAR(0.02,0.2) Speed increment
Show all 28 inputs
Name
Type
Default
Description
Signal_SAR_Maximum
double
0.2
Parabolic SAR(0.02,0.2) Maximum rate
Signal_SAR_Weight
double
1.0
Parabolic SAR(0.02,0.2) Weight [0...1.0]
Signal_Stoch_PeriodK
int
8
Stochastic(8,3,3,...) K-period
Signal_Stoch_PeriodD
int
3
Stochastic(8,3,3,...) D-period
Signal_Stoch_PeriodSlow
int
3
Stochastic(8,3,3,...) Period of slowing
Signal_Stoch_Applied
ENUM_STO_PRICE
STO_LOWHIGH
Stochastic(8,3,3,...) Prices to apply to
Signal_Stoch_Weight
double
1.0
Stochastic(8,3,3,...) Weight [0...1.0]
Signal_RSI_PeriodRSI
int
8
Relative Strength Index(8,...) Period of calculation
Signal_RSI_Applied
ENUM_APPLIED_PRICE
PRICE_CLOSE
Relative Strength Index(8,...) Prices series
Signal_RSI_Weight
double
1.0
Relative Strength Index(8,...) Weight [0...1.0]
Trailing_MA_Period
int
12
Period of MA
Trailing_MA_Shift
int
0
Shift of MA
Trailing_MA_Method
ENUM_MA_METHOD
MODE_SMA
Method of averaging
Trailing_MA_Applied
ENUM_APPLIED_PRICE
PRICE_CLOSE
Prices series
Money_FixLot_Percent
double
10.0
Percent
Money_FixLot_Lots
double
0.1
Fixed volume
How to Install It
1Download the sourceUse "Download source (.zip)" above, or clone ngush67/SwingOlly 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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