Swingy MT5

Swingy MT5, a trading software, has emerged as a solution for optimizing Forex trading with its breakout strategy. This software is a swing system, which operates on the breakouts of support and resistance levels, a strategy that has been employed in trading for decades across various markets.

Optimized for Multiple Currency Pairs

Swingy MT5 is already optimized for 12 currency pairs, including EURUSD, GBPUSD, USDJPY, AUDJPY, AUDUSD, EURAUD, EURCAD, EURGBP, EURJPY, GBPJPY, USDCAD, and USDCHF. This makes it a versatile tool for currency trading. The system is designed for long-term trading, making it an excellent addition to any trader’s portfolio.

Superior Performance irrespective of Broker or Price Feed

One of the key features of Swingy MT5 is its ability to deliver superior performance regardless of the broker or price feed. This is due to the fact that the average profits are higher than 20 pips per trade. However, the software performs optimally on a good low-cost ECN broker.

Easy Setup and Effective Lotsize Calculation

The setup of Swingy MT5 is straightforward. The software simply needs to be run on a EURUSD H1 chart with the OneChartSetup enabled. The software also includes an intelligent lotsize system that determines the lotsize based on the maximum historical drawdown (DD) for each currency pair. This ensures that all pairs are traded with equal risk.

Key Features of Swingy MT5

Swingy MT5 comes with a host of impressive features. It employs a simple yet effective strategy that can work on any market. It uses a clever lotsize system based on historical max DD for each pair to determine lotsize. It has TP and SL on every trade and does not use grid, martingale, averaging down, or any other risky trade management system. It is a trading strategy that has proven to work for decades, with a good risk/reward ratio. The software does not use manipulated backtests.

FAQs

What is the minimum balance required to run Swingy MT5?

A minimum balance of $200 is recommended when running only 3 pairs, for example, EURUSD, GBPUSD, and USDJPY. If you wish to run all 12 pairs, a minimum balance of $1000 is recommended.

How to backtest Swingy MT5?

It is recommended to run the backtest on MT5 so that you can use the OneChartSetup and run all pairs together in a single test. Use the “Lotsize Calculation method called “Risk Based on Max Historical DD” and set it to 10 for low risk, or 20 for medium risk. Run on EURUSD H1 and use 1-minute OHLC for reliable results or every tick for most accurate results.

Independent testing of Swingy MT5 can be viewed on the forexroboteasy.com website. Users can also subscribe to updates on the results of testing this product. We invite readers to share their experience of using this product. This is an independent product review, and the text is written in the third person.