Swing Trade Pro 2 MT5

Swing Trade Pro 2 MT5 is an automated trading system designed for the Forex market. It employs a trend-searching algorithm that uses three adjustable moving averages to identify and enter trades. This Forex software aims to streamline the trading process and enhance Forex trading efficiency.

Trading Mechanism

Swing Trade Pro 2 MT5 uses a moving average (MA) as a filter for trade entries. Long trades are entered when the price is above this MA, and the second MA (shorter) crosses the third MA (middle) from bottom to top. Conversely, short trades are initiated when the price is below the MA, and the second MA crosses the third MA from top to bottom.

Stop Loss and Take Profit Settings

The software allows for the placement of stop loss (SL) either below or above the signal candle. The take profit (TP) can be set as a risk-reward ratio (RRR) to the SL. Trades can also be closed following a counter signal if necessary. This flexibility in SL and TP settings allows traders to manage their risk effectively.

Backtesting and Performance

Backtesting for Swing Trade Pro 2 MT5 has been performed on the Nasdaq, although the software can be used on other symbols as well. An index with a strong trend can be advantageous. The backtest indicated a TP factor of 12.5, meaning the TP is 12.5 times as far from the entry price as the SL. This results in many trades that are closed with minimal loss or break-even, but when a trend is captured, the winning trades are significantly higher.

Bot Settings

The bot offers a variety of settings that can be adjusted according to the trader’s preferences. These include general settings such as executing buy or sell orders, closing trades when MAs are crossed, and setting fixed lot size or percentage risk per position. The bot also offers time filter settings, signal settings, filter settings, and trailing stop loss (TSL) settings. All of these can be customized to suit the trader’s strategy and risk tolerance.

FAQ

What is Swing Trade Pro 2 MT5?

Swing Trade Pro 2 MT5 is an automated trading software that uses three adjustable moving averages to identify and enter trades in the Forex market.

How does Swing Trade Pro 2 MT5 work?

The software uses a moving average as a filter for trade entries. It enters long trades when the price is above this MA and the second MA crosses the third MA from bottom to top. Short trades are entered when the price is below the MA and the second MA crosses the third MA from top to bottom.

How are the stop loss and take profit settings configured?

The software allows for the placement of stop loss either below or above the signal candle. The take profit can be set as a risk-reward ratio to the stop loss. Trades can also be closed following a counter signal if necessary.

Where can I find independent testing of Swing Trade Pro 2 MT5?

Independent testing of Swing Trade Pro 2 MT5 can be found on the forexroboteasy.com website. You can also subscribe to updates on the results of testing this product.

We invite you to share your experience of using Swing Trade Pro 2 MT5. Your feedback can help others make an informed decision about this product. Please remember that this is an independent product review and the software should be tested extensively in a demo account before using it with real money.