Introducing Swing MorningFlat: Your Unruffled Trading Partner
Every so often, an Expert Advisor (EA) such as Swing MorningFlat pops up in the trading landscape, and traders get all giddy with excitement. Well, get a grip folks. With an average user rating of 4.75, it appears to be a pretty decent system. Its users are singing praises about it, but as a professional trader, I always take such comments with a pinch of salt. As Alec Baldwin’s character famously said in Glengarry Glen Ross, A guy don't walk on the lot unless he wants to buy.
Setting Up Swing MorningFlat: For Dummies
Installing Swing MorningFlat is as simple as pie, which is a relief. Save your worries for the wild swings of the market. To install it, follow these steps:
- Download the EA
- Place it in your trading platform's experts folder.
- Restart your platform, and voila, it's ready for use.
The optimal settings for the system can be a bit tricky and might require some fine-tuning. But remember, it's not about making easy money. It's about making smart money.
Note: I suggest starting with a low lot size, as pointed out by user 'leeindy', to keep your DrawDown (DD) within control.
My Adventures with Swing MorningFlat
For those of you who are just cutting their teeth in Forex trading, a wise man once said, “Experience is a hard master, but a fool will have no other.” Speaking from my own experience, Swing MorningFlat tends to perform well with a morning breakout strategy, coupled with a hedging method. User 'rk99' seems to agree with me on this one.
While it does use a Martingale system as pointed out by 'pffaustt', I assure you, the robot itself is not a gamble if used wisely.
Tuning Up Your Swing MorningFlat: Pro Tips
Like any other EA, the effectiveness of Swing MorningFlat is in how you use it. Here's a piece of advice from a battle-hardened trader - Stay patient, keep your expectations in check, and tweak the settings as per your risk tolerance.
And oh, please don’t forget to back-test your settings before going live.
The Source Code of Swing MorningFlat
Before you ask - no, we do not have the original source code of the Swing MorningFlat EA sold on MQL5. However, based on the description given on the MQL5 site, we were able to create a code that emulates it.
Remember: We are here to dissect and understand trading strategies, not to sell EAs. Any questions about the code? Don't hesitate to ask.
Code:
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If you are ready to take the plunge, you can download the Swing MorningFlat EA from our site easytradingforum.com.
Disclaimer: While we've based the code of this trading robot on its description, we'd like to remind you that we are not selling the original Swing MorningFlat EA. We are a troop of professional traders who are here to share our knowledge, not to peddle a product.
Get Swing MorningFlat Trading Robot Now! Happy trading folks!
Remember, the goal is not about making easy money. It's about making smart money.