Swing Killer Trading Expert Advisor forex robot is a fully automated Trading Expert Advisor designed to make trading in the financial markets easier and more profitable. The EA uses advanced algorithms and technical analysis to automatically identify the best trading opportunities and execute trades. This means that traders can benefit from market movements around the clock without constantly monitoring the markets.
This smart trading robot has been specifically designed to target institutional levels on overbought and oversold markets. These levels are often the result of market manipulation by banks and other financial institutions, and they tend to indicate a potential reversal in the market. By targeting these levels, the EA is able to make profitable trades with a high degree of accuracy.
The EA employs a unique strategy of placing pending orders on these levels, rather than relying on reactive trading. This allows the EA to enter the market at the most opportune moment, ensuring that it benefits from any potential market movements. The pending order strategy also reduces the risk of losses, as the EA is only triggered once the market reaches a certain level.
Risk Management Techniques in this Smart Trading Robot
Another critical aspect of this robot is the use of risk management. The robot employs a risk percentage strategy, calculating the amount of risk it is willing to take on each trade. This ensures that the robot operates within a predefined risk tolerance level, which protects it from potentially catastrophic losses. It also doesn’t use risky strategies like martingale, grid, HFT, etc., and it can go days without taking any trades.
Moreover, this Trading Expert Advisor is a single-entry method with trade protected by a stop loss and take profit. This means that the robot enters the market once and exits once it hits its stop loss or take profit targets.
The robot also splits its risk into three entries with three different take-profit levels(same SL), which ensures that it diversifies its portfolio and reduces the risk of losing all of its investments in a single trade. Each entry has a specific percentage of the overall risk, and the robot places a pending order on each of these entries.
Furthermore, the robot uses the ATR stop-loss strategy, a popular technique among traders to limit losses. The ATR stop-loss strategy adjusts the stop loss based on the volatility of the market, ensuring that the robot is not stopped out too early or too late.
In addition, the robot uses either pips or percentage-based take-profit targets, depending on the market conditions. This flexibility allows the robot to adjust to the ever-changing market conditions and maximize profits.
Finally, the robot uses a filtering technique based on the Moving Average (MA) to catch the main trends in the market. This ensures that the robot does not place trades against the prevailing trend and reduces the risk of losses.
Swing Killer EA Conclusion
In conclusion, this smart trading robot that targets institutional levels on overbought and oversold markets is a well-thought-out and comprehensive trading solution. With its unique pending order strategy, risk management, ATR stop loss, and take profit targets, risk split entries, and filtering based on the MA, the robot is well-positioned to make profitable trades while minimizing potential losses. It’s a testament to the power of technology in the financial industry and is an excellent tool for experienced and novice traders.
Recommendations for Trading Expert Advisor
Minimum account balance of 100$.
Work best on all major pairs. (Work on any pair)
Work Best on M5 TimeFrame. (Work on all timeframes)
The Smart Trading Robot should work on VPS without interruption to reach stable results. So we recommend running this free forex robot on a reliable VPS (Reliable and Trusted FOREX VPS – FXVM)