Swing Price Action Trader EA MT4 (Official version)

Product Overview

Swing Price Action Trader EA MT4, also known as SPA Trader, is an advanced Forex trading Expert Advisor designed for both fully automated and semi-automated trading on the MetaTrader 4 platform. Combining indicator-based market analysis, swing trading concepts, price action signals, and customizable trade management, this Expert Advisor provides traders with flexible control over their trading strategies.

Developed as an updated generation of the Two Forces trading product, SPA Trader introduces a multi-component market analysis system based on Strength X, Strength Y, momentum, and average-based trading conditions.

One of the most distinctive aspects of Swing Price Action Trader EA MT4 is its ability to function as both a trading indicator and an automated Expert Advisor. Traders can enable fully automated trading or manually initiate positions while allowing the EA to manage risk, stop losses, take profits, and trailing stops.

The system also features ATR-based risk management, partial profit-taking, automatic break-even adjustment, customizable closing rules, multi-timeframe analysis, and real-time trading notifications.

With its flexible trading modes and configurable parameters, SPA Trader is designed for Forex traders who want to combine discretionary decision-making with algorithmic trade management.

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About the Developer

• Author: Minh Nguyen Nam
• Experience: Over + 12 years of experience on MQL5.
• Notable Products: Swing Price Action Trader EA MT4 and other advisors.
• Flagship Product: Swing Price Action Trader EA MT4 is rated as the best performing product of the year.

>>> Delivery time 24h-48h after payment.
>>> Refund if not delivered.
>>> You will receive the latest version without any limitations (ID+Time).

> Reviewed by Jason Stap <<<

Key Features of Swing Price Action Trader EA MT4

Automatic and Semi-Automatic Trading

Swing Price Action Trader EA MT4 supports two trading modes.

Automatic Trading Mode: When the Auto Trading parameter is set to true, the Expert Advisor can execute trading operations automatically according to its programmed conditions.

Semi-Automatic Trading Mode: When Auto Trading is set to false, traders can manually initiate positions through SPA Trader while allowing the EA to manage supported money management and risk management functions.

This dual-mode functionality makes SPA Trader suitable for different trading preferences.

Advanced Swing Trading and Price Action Analysis

SPA Trader combines swing trading concepts with market strength and momentum analysis.

The system evaluates multiple trading conditions to help identify potential bullish, bearish, or non-trending market environments.

These conditions are displayed directly on the chart to support trading decisions.

Strength X and Strength Y Market Analysis

The EA incorporates two proprietary market strength components known as Strength X and Strength Y.

Each component evaluates market conditions and produces directional indications:

• Long: Indicates a potentially bullish market condition.
• Short: Indicates a potentially bearish market condition.
• Flat: Indicates a market without a clear directional trend.

The two strength readings can be averaged to provide an additional perspective on prevailing market direction.

The underlying mathematical formulas for Strength X and Strength Y are not disclosed in the supplied documentation.

ATR-Based Risk Management

Swing Price Action Trader EA MT4 uses Average True Range (ATR) concepts to calculate volatility-based trading levels.

Traders can configure the ATR timeframe, lookback period, and profit-taking percentages.

This allows trade management levels to reflect the recent volatility of the selected instrument.

Automatic Money Management

SPA Trader includes an automatic money management option that calculates position sizes based on account balance and a configured percentage risk.

For example, a trader using a $10,000 account with a 2% risk setting and a 100-pip stop loss would have a theoretical risk budget of $200.

Under standard EURUSD conditions with approximately $10 per pip for one standard lot, the calculated position size would be approximately 0.20 lots.

Actual calculations depend on the instrument’s pip value, contract specifications, and trading account conditions.

Multiple Take-Profit Levels

SPA Trader supports three configurable profit-taking stages:

TP01: The first profit target, which can close a configured percentage of the position and move the stop loss to break-even.

TP02: The second profit-taking stage, after which trailing-stop functionality can begin.

TP03: An additional configurable profit-taking level used within the system’s trade management structure.

Automatic Break-Even Protection

After the first configured profit target is reached, the EA can automatically move the stop loss to the entry price.

This feature is intended to reduce the remaining position’s exposure to unfavorable price movement.

However, commissions, swaps, slippage, and execution conditions may still affect the realized result.

Dynamic Trailing Stop

SPA Trader includes trailing-stop functionality that can begin after the second take-profit level is reached.

This allows the EA to adjust its protective exit level as the market moves favorably.

Multi-Timeframe Trading

The EA can operate across different chart timeframes.

A configurable Magic Number allows traders to distinguish positions managed by different EA instances or timeframe configurations.

Customizable Trading Rules

SPA Trader includes four configurable closing-rule components based on averages, Strength X, Strength Y, and momentum.

This structure allows traders to customize how the system evaluates market conditions and manages positions.

Real-Time Alerts and Notifications

The Expert Advisor supports several notification methods:

• Pop-up alerts
• Email notifications
• Mobile push notifications
• Audible alerts

These options allow traders to monitor selected trading events without continuously watching the charts.

On-Chart Market Strength Display

SPA Trader presents trading information directly on the MetaTrader 4 chart.

Strength X and Strength Y conditions are displayed as Long, Short, or Flat signals, with averaged readings intended to assist market trend evaluation.

How It Works

Swing Price Action Trader EA MT4 combines market strength analysis, momentum evaluation, volatility-based trade management, and customizable trading rules.

Step 1: Select the Trading Mode

The trader selects between fully automatic and semi-automatic operation using the Auto Trading parameter.

In automatic mode, the EA can execute trades based on its programmed conditions.

In semi-automatic mode, traders initiate positions manually through SPA Trader while retaining supported automatic management functions.

Step 2: Analyze Market Strength

The system evaluates Strength X and Strength Y to assess potential market direction.

Each component produces a Long, Short, or Flat reading.

These signals are displayed on the chart and can be combined with other analytical conditions.

Step 3: Evaluate Trading Rules

SPA Trader includes four rule components:

• Rule 1: Average-based conditions
• Rule 2: Strength X analysis
• Rule 3: Strength Y analysis
• Rule 4: Momentum analysis

The developer describes a configuration in which the rules align in the same direction.

The exact logic and weighting of these conditions depend on the EA’s internal programming and selected settings.

Step 4: Determine Position Size

When automatic money management is enabled, the system calculates position size using its risk percentage and stop-loss distance.

If fixed-lot trading is selected instead, position sizing follows the configured fixed volume.

Step 5: Calculate ATR-Based Exit Levels

The EA uses a selected ATR timeframe and lookback period to establish volatility-based distances.

Users can set percentage-based profit targets according to the calculated volatility.

Step 6: Execute or Manage the Position

Depending on the selected trading mode, SPA Trader either initiates trades automatically or manages positions opened manually through the system.

Step 7: Apply Partial Profit Taking

When TP01 is reached, the EA can close a configured portion of the position and move the remaining position’s stop loss to break-even.

After TP02, the trailing-stop mechanism can begin managing the remaining exposure.

Step 8: Monitor Trading Conditions

The system continues evaluating relevant management conditions and can provide alerts through the enabled notification channels.

Why Choose Swing Price Action Trader EA MT4?

Swing Price Action Trader EA MT4 offers a combination of trading flexibility, market analysis, and automated position management.

Dual Trading Modes

The ability to switch between automatic and semi-automatic trading allows users to choose their preferred level of control.

Proprietary Market Strength Analysis

Strength X and Strength Y provide directional market readings that can support swing trading and price action analysis.

ATR-Based Position Management

Volatility-adjusted profit targets allow traders to configure trade management based on changing market conditions.

Automatic Risk-Based Lot Sizing

The money management feature can calculate position sizes according to account balance, risk percentage, and stop-loss distance.

Multi-Stage Profit Taking

Three take-profit levels support partial exits and continued participation in favorable market movements.

Break-Even and Trailing-Stop Features

Automated stop-loss adjustments help manage open positions after predefined profit conditions are met.

Multi-Timeframe Flexibility

Different timeframe configurations can be distinguished using separate Magic Numbers.

Comprehensive Notification Options

Pop-up, email, mobile, and sound notifications provide multiple ways to monitor trading activity.

Support for Discretionary Trading

The semi-automatic mode allows traders to retain control over entries while automating selected management tasks.

These features may appeal to traders seeking an Expert Advisor that combines manual decision-making with systematic trade execution and risk management.

Swing Price Action Trader EA MT4 Backtest Results

🔺GBPUSD –  September 25, 2018, to February 5, 2019

• Initial Deposit: $10,000
• Total Net Profit:$3,795.03
• Win Rate (% of total): 91.43%
• Maximum Drawdown: 11.74%

Risk Management & Alerts

Risk management is a central component of Swing Price Action Trader EA MT4, with options for percentage-based position sizing, volatility-adjusted exit levels, partial profit-taking, and protective stop adjustments.

Automatic Money Management

When Money Management is enabled, SPA Trader calculates trading volume according to the configured risk percentage and stop-loss distance.

For example:

Parameter	Example Value
Account Balance	$10,000
Risk Per Trade	2%
Risk Budget	$200
Stop-Loss Distance	100 pips
Approximate EURUSD Position Size	0.20 lots

This illustration assumes a USD-denominated account and a pip value of approximately $10 per standard lot.

ATR-Based Stop Loss and Take Profit

SPA Trader uses configurable ATR settings to calculate trading distances based on historical market volatility.

For example, if EURUSD has an average daily trading range of 80 pips and TP01 is configured at 60%, the first profit target would be:

80 pips × 60% = 48 pips

When price moves 48 pips favorably, the EA can execute the configured partial profit-taking action.

Partial Profit Taking

The EA supports multiple profit targets that allow traders to close portions of their positions at different stages.

This approach can help reduce remaining market exposure while allowing part of the position to continue participating in favorable price movements.

Automatic Break-Even Adjustment

After TP01, the system can move the stop loss to the entry price.

However, break-even placement does not guarantee a zero-loss outcome because execution slippage and transaction costs may affect the final result.

Trailing-Stop Management

After TP02, the trailing stop can begin adjusting the protective exit level.

This feature may help preserve part of an unrealized gain, although it cannot eliminate losses caused by market gaps or unfavorable execution.

Trading Alerts and Notifications

Alert Parameter	Function
Show Pop-Up Messages	Displays MetaTrader notifications
Send an E-Mail	Sends email notifications
Send Mobile Notifications	Sends mobile push notifications
Play an Alert Sound	Activates audible notifications

Email and mobile alerts require the relevant MetaTrader notification services to be configured.

Important Risk Considerations

• Automatic lot calculations depend on correct pip-value and contract-size information.
• ATR-based levels adjust to market volatility but cannot predict future price movements.
• Multiple positions may create combined exposure beyond the intended risk of one trade.
• Partial profit-taking does not guarantee that an overall trading strategy will be profitable.
• Moving stops to break-even does not eliminate execution risk.
• Trailing stops may close positions prematurely during volatile market movements.
• Proprietary Strength X and Strength Y algorithms are not independently documented.
• No verified historical profitability or maximum drawdown statistics are supplied.

Risk Warning: Automated trade management can support risk control but cannot guarantee profitable results. Traders should independently test SPA Trader and verify position-sizing calculations before using real capital.

Pros and Cons

Pros

• Supports fully automatic and semi-automatic trading.
• Combines Expert Advisor and indicator functionality.
• Includes proprietary Strength X and Strength Y analysis.
• Provides ATR-based trade management.
• Supports automatic percentage-based lot calculation.
• Includes three configurable take-profit stages.
• Supports partial profit-taking.
• Offers automatic break-even adjustment.
• Includes trailing-stop functionality.
• Supports multiple chart timeframes.
• Provides customizable trading and closing rules.
• Includes pop-up, email, mobile, and sound notifications.
• Displays market strength conditions directly on the chart.
• Supports discretionary trading with automated position management.

Cons

• Numerous configuration options may require time to understand.
• Strength X and Strength Y calculations are not publicly explained in the supplied description.
• Incorrect ATR settings may produce unsuitable stop-loss or take-profit levels.
• Automatic position sizing requires accurate risk parameter configuration.
• Semi-automatic trading still requires manual decision-making.
• Partial closing and trailing-stop behavior depend on market execution conditions.
• No specific recommended currency pair or timeframe is supplied.
• No independently verified performance statistics are included.
• The relationship between Money Management and Risk Management settings requires careful configuration.
• Incorrect Magic Number settings may complicate management of multiple EA instances.

How to Install Swing Price Action Trader EA MT4

Installing Swing Price Action Trader EA MT4 requires MetaTrader 4, the Expert Advisor installation file, and a compatible trading account.

Step 1: Download SPA Trader

Obtain Swing Price Action Trader EA MT4 from the authorized product provider.

Verify that the installation file is compatible with MetaTrader 4.

Step 2: Open MetaTrader 4

Launch MetaTrader 4 and log in to your trading account.

Step 3: Install the Expert Advisor

For a manually supplied EX4 file:

1. Click File → Open Data Folder.
2. Navigate to MQL4 → Experts.
3. Copy the SPA Trader installation file into the directory.
4. Restart MetaTrader 4 or refresh the Navigator panel.

If the product includes additional indicator files, follow the developer’s installation instructions for those components.

Step 4: Open a Trading Chart

Select your preferred currency pair and timeframe.

The EA supports different timeframe configurations, although specific optimized instruments and timeframes are not provided in the source description.

Step 5: Attach SPA Trader

Locate Swing Price Action Trader in the Navigator panel and attach it to the trading chart.

Open the EA input settings to configure the trading mode and management parameters.

Step 6: Select Automatic or Semi-Automatic Mode

Set Auto Trading = True for fully automated operation.

Set Auto Trading = False for semi-automatic operation, where trades are initiated manually through SPA Trader.

Step 7: Configure Money Management

Enable Money Management if you want the EA to calculate position sizes according to risk percentage.

Review the risk amount, account balance, and stop-loss calculation before live deployment.

Step 8: Configure Risk Management and ATR

Enable the appropriate Risk Management setting and configure the ATR timeframe and lookback period.

Set the stop-loss, take-profit, and trailing-stop parameters according to your preferred trade management approach.

Step 9: Configure Profit Targets

Set TP01, TP02, and TP03 according to the ATR-based percentages and partial closing rules supported by the EA.

For example, with an 80-pip daily ATR and a 60% TP01 setting, the first target would be 48 pips.

Step 10: Configure Market Analysis Rules

Review the settings for:

• Average-based conditions
• Strength X
• Strength Y
• Momentum
• Closing Rules 1–4

Adjust these settings according to your intended strategy, while retaining the developer’s defaults if their effects are not understood.

Step 11: Set the Magic Number

Assign a unique Magic Number to each EA instance when using multiple charts or configurations.

This helps the EA distinguish orders associated with different trading setups.

Step 12: Enable Trading Alerts

Configure the required notification options:

• Show Pop-Up Messages
• Send an E-Mail
• Send Mobile Notifications
• Play an Alert Sound

Enable the relevant email or push-notification services in MetaTrader when necessary.

Step 13: Enable Automated Trading

Enable automated trading permissions in MetaTrader 4 as required by the selected operating mode.

Confirm that the EA is active and functioning correctly.

Step 14: Test Before Live Trading

Run SPA Trader on a demo account and verify:

• Automatic and semi-automatic order handling
• Risk-based lot calculations
• ATR-based stop-loss placement
• TP01, TP02, and TP03 behavior
• Partial profit-taking
• Break-even adjustment
• Trailing-stop activation
• Closing Rules 1–4
• Alert and notification functionality

What’s Included in the Download Package?

• Expertsp: Swing Price Action Trader.ex4

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Final Thoughts

Swing Price Action Trader EA MT4 is a flexible automated trading system designed to combine swing trading, price action analysis, proprietary market strength indicators, and advanced position management.

Its ability to operate in both fully automated and semi-automated modes makes it particularly relevant for traders who want to retain control over trade entries while automating risk management and trade exits.

The integration of Strength X, Strength Y, ATR-based exit calculations, multiple take-profit levels, partial closing, break-even adjustment, and trailing-stop management provides a comprehensive range of trading configuration options.

However, the system’s flexibility also introduces configuration complexity. Traders need to understand how its money management, risk management, ATR settings, and closing rules interact.

Additionally, the proprietary strength calculations and historical performance characteristics have not been independently verified using the supplied information.

For traders interested in combining discretionary Forex trading with automated position management, Swing Price Action Trader EA MT4 offers a configurable platform worth evaluating through careful demo testing.

Disclaimer: Forex trading carries significant financial risk. Automated trading and risk management tools cannot guarantee profits or eliminate losses. This article is intended for informational purposes only and does not constitute financial or investment advice.