SwingMaster EA MT5 (Official version) | Unbounded

Product Overview

SwingMaster EA MT5 is an automated position management and trade management utility for MetaTrader 5, designed to help traders manage existing manual or automated positions with advanced layering, trailing stop, break-even, and reverse hedging functionality.

Unlike traditional Expert Advisors that primarily focus on generating entry signals, SwingMaster EA is designed around position management. It can assist with managing manual trades as well as positions opened by other automated trading systems.

The EA combines several management techniques, including Average True Range (ATR) volatility trailing, Parabolic SAR trailing, pending-order grid layering, flexible lot sizing, reverse hedge orders, and an on-chart management dashboard.

SwingMaster can place up to six pending limit orders around an initial position according to user-defined distances. Traders can also configure different position-sizing methods, including fixed lots, multiplier-based sizing, or risk-based calculations using a percentage of account equity.

With state persistence, the EA can maintain awareness of active orders even after a MetaTrader 5 terminal restart, helping provide continuity for automated position management.

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About the Developer

• Author: Joshua Johnathan Chung
• Experience: Over +6 years of experience on MQL5.
• Notable Products: SwingMaster EA MT5 and other advisors.
• Flagship Product: SwingMaster EA 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 <<

Main Features of SwingMaster EA MT5

Automated Position Management

SwingMaster EA MT5 is designed to manage both:

• Manual trades
• Automated EA positions

This makes it useful as a supporting management layer rather than requiring traders to replace their existing trading strategy.

Pending Order Grid

The EA can place up to 6 pending limit orders around an initial position.

The distances of these orders can be configured according to the trader’s strategy.

Pending orders can be positioned relative to:

• Initial trade entry
• Stop Loss level
• User-defined price distances

This provides a structured approach to position layering when the market moves through predefined levels.

Flexible Lot Sizing

SwingMaster supports multiple position-sizing methods, including:

• Fixed lot size
• Multiplier-based scaling
• Risk-based calculation
• Percentage of account equity

This allows traders to adapt the position structure to different account sizes and risk-management approaches.

State Persistence

The EA is designed to track active orders across MetaTrader 5 terminal restarts.

This means the position-management logic can continue after the trading platform has been closed and reopened, helping reduce the need for manual reconfiguration.

Parabolic SAR Trailing

SwingMaster includes configurable Parabolic SAR trailing-stop functionality.

Traders can independently configure Parabolic SAR parameters such as:

• Timeframe
• Step
• Maximum

The trailing logic can be assigned to different types of positions, including:

• Initial positions
• Grid-layer positions
• Reverse positions

ATR Volatility Trailing

The ATR Stop uses the Average True Range indicator to dynamically adjust trailing-stop distances according to market volatility.

When volatility changes, the trailing distance can tighten or relax based on the configured volatility thresholds.

This provides a more adaptive alternative to using a fixed trailing-stop distance.

Profit-Gated Trailing

The trailing-stop system can be configured so that trailing adjustments occur only when the position is already in positive territory.

This can help prevent the trailing mechanism from immediately modifying a position while it remains in an unrealized loss.

Reverse Hedging

SwingMaster includes a reverse hedge mechanism that can schedule an opposite-direction position after a configurable delay.

The delay can be set from as little as 1 second up to 8 hours.

The system also includes duplicate-prevention logic to reduce the possibility of opening redundant hedge positions on the same symbol.

Support & Resistance Grid

The on-chart dashboard can display up to 6 Support and Resistance pairs.

These levels can be calculated across timeframes ranging from:

• M30
• H1
• H4
• D1
• W1

This provides a visual reference for traders when evaluating position layers, trailing levels, or potential market reaction zones.

10. On-Chart Control Dashboard

SwingMaster includes an on-chart dashboard with controls that allow traders to manage important functions directly from the chart.

Available controls include:

• Break-Even settings
• Parabolic SAR trailing
• ATR volatility trailing

This makes the EA easier to monitor and adjust without repeatedly opening the main Expert Advisor settings window.

How Does SwingMaster EA MT5 Work?

SwingMaster EA MT5 operates primarily as a trade-management layer.

The process begins with an existing position, which can be opened manually by the trader or automatically by another Expert Advisor.

Once the position is detected, SwingMaster can apply the configured management rules.

For example, the trader can configure a series of pending limit orders around the initial trade. Up to six grid layers can be created, with each layer using the specified distance and lot-sizing method.

At the same time, SwingMaster can monitor the position using one or more trailing mechanisms.

ATR Trailing

The EA calculates market volatility using Average True Range (ATR) and adjusts the trailing distance according to the configured volatility thresholds.

Parabolic SAR Trailing

Alternatively, traders can use Parabolic SAR to determine trailing-stop levels based on the selected timeframe and SAR parameters.

Break-Even Management

The dashboard also provides controls for break-even management, allowing traders to incorporate break-even logic into their overall position-management plan.

Reverse Hedging

If configured, the EA can schedule a reverse position after a specified delay. This can be used as part of a hedging or recovery framework.

The system also checks for existing hedge positions to reduce duplicate reverse entries on the same symbol.

Overall, the management process can be summarized as:

Initial Position → Grid Layers → Position Monitoring → ATR/SAR Trailing → Break-Even / Reverse Hedge → Exit Management

Why Choose SwingMaster EA MT5?

SwingMaster EA MT5 may be useful for traders who already have a trading strategy but want additional automation for position management and risk-control tasks.

Instead of focusing exclusively on trade entries, the utility provides tools for managing positions after they have been opened.

One of its main advantages is flexibility. Traders can combine several management components according to their preferred approach:

• Pending-order layering
• Fixed or multiplier lot sizing
• Equity-based risk sizing
• Break-even management
• Parabolic SAR trailing
• ATR volatility trailing
• Reverse hedging
• Support and resistance visualization

The ATR trailing mechanism is particularly useful for traders who prefer a stop distance that adapts to market volatility rather than remaining fixed.

The ability to manage both manual and automated positions also means SwingMaster can potentially be used alongside other trading systems.

SwingMaster EA MT5 Review

SwingMaster EA MT5 Backtest

Performance and Risk Management

SwingMaster EA MT5 is primarily a trade-management utility, so its performance depends significantly on the underlying strategy and positions it is managing.

The EA does not inherently make an existing trading strategy profitable simply by adding trailing stops, grid orders, or hedging.

Instead, its purpose is to automate specific position-management rules.

Position Layering

The pending-order grid can contain up to six additional layers. As more positions are added, total exposure can increase.

Therefore, traders should carefully evaluate:

• Initial lot size
• Lot multiplier
• Number of grid layers
• Distance between orders
• Available margin
• Account equity
• Maximum acceptable drawdown

Risk-Based Lot Calculation

The risk-based sizing option can calculate position size using a percentage of account equity.

However, traders should verify how the selected risk percentage interacts with:

• Stop Loss distance
• Grid layers
• Multipliers
• Multiple simultaneous positions

A seemingly small initial risk can become substantially larger when several additional positions are opened.

ATR-Based Risk Management

ATR trailing can adapt to changing volatility.

During higher-volatility periods, the trailing distance may adjust according to the configured rules. During quieter conditions, the distance can behave differently.

This adaptive behavior can be useful, but it does not eliminate the risk of sudden price movements or market gaps.

Weaknesses and Risk Warnings

It Is Not a Standalone Profit Guarantee

SwingMaster is primarily a position-management utility. It does not guarantee profitable entries or profitable trading results.

The quality of the underlying trading strategy remains extremely important.

Grid Layering Can Increase Exposure

Adding up to six pending positions can significantly increase the total market exposure if multiple orders are triggered.

Traders should understand the maximum possible exposure before enabling the grid function.

Multiplier Scaling Increases Risk

Using a multiplier for subsequent positions can cause lot sizes to increase rapidly.

For example, aggressive scaling can result in later grid positions being substantially larger than the initial position.

Reverse Hedging Has Additional Costs

Reverse positions may increase the number of open trades and can introduce additional:

• Spread costs
• Commission
• Swap
• Margin requirements
• Execution risk

Hedging does not automatically eliminate losses; it changes the structure of the exposure.

ATR Is Not a Prediction Tool

ATR measures market volatility rather than predicting future price direction.

An ATR-based trailing stop can adapt to volatility, but it cannot guarantee that the market will continue moving in the favorable direction.

Parabolic SAR Can React Quickly

Parabolic SAR can respond rapidly to price changes. Depending on the selected parameters and timeframe, this can result in earlier or more frequent trailing-stop adjustments.

Market Gaps and Slippage

During major economic events, market gaps or extreme volatility can cause actual execution prices to differ from expected levels.

No trailing mechanism can guarantee execution at the exact calculated price under all market conditions.

Pros and Cons

Pros

• Designed specifically for MetaTrader 5 position management
• Can manage manual and automated positions
• Supports up to 6 pending grid layers
• Flexible pending-order distances
• Fixed lot sizing
• Multiplier-based position sizing
• Equity-based risk calculation
• State persistence after terminal restart
• Parabolic SAR trailing
• ATR volatility-based trailing
• Profit-gated trailing
• Reverse hedging functionality
• Configurable reverse-order delay
• Duplicate hedge prevention
• Break-even controls
• Support and Resistance visualization
• Up to 6 Support/Resistance pairs
• Multiple timeframe analysis from M30 to W1
• On-chart management dashboard

Cons

• Does not independently guarantee profitable trading
• Grid layering can increase total exposure
• Multiplier-based sizing can increase risk rapidly
• Reverse hedging can increase margin requirements
• Additional positions create additional trading costs
• ATR trailing does not predict market direction
• Parabolic SAR settings can significantly affect trade exits
• Sudden volatility can cause slippage
• Requires careful configuration
• Risk depends heavily on the underlying trading strategy

How to Install SwingMaster EA MT5

Step 1: Install MetaTrader 5

Install the MetaTrader 5 trading platform through your broker or another trusted source.

Step 2: Open the MT5 Data Folder

In MetaTrader 5, select:

File → Open Data Folder → MQL5 → Experts

Copy the SwingMaster EA MT5 files into the Experts directory.

Step 3: Restart MetaTrader 5

Restart the platform or refresh the Expert Advisors section in the Navigator window.

Step 4: Open the Desired Trading Chart

Open the symbol and timeframe where you want SwingMaster to manage positions.

Because the EA is designed as a management utility, the chart should correspond to the positions or trading strategy you want it to control.

Step 5: Attach SwingMaster EA

Drag SwingMaster EA MT5 onto the selected chart.

Enable Algo Trading and allow the necessary trading permissions.

Step 6: Configure Position Management

Set your preferred:

• Pending Order Grid
• Grid distances
• Lot-sizing method
• Lot multiplier
• Risk percentage
• Maximum layers

Step 7: Configure Trailing

Choose and configure the desired trailing method:

Parabolic SAR

Set the:

• Timeframe
• Step
• Maximum

Or use:

ATR Volatility Trailing

Configure the relevant volatility thresholds and trailing distances.

Step 8: Configure Reverse Hedging

If required, enable reverse hedging and define the desired delay.

The delay can range from 1 second to 8 hours.

Only enable this function after testing how it affects margin usage and total exposure.

Step 9: Configure the Dashboard

Use the on-chart controls to manage:

• Break-Even
• Parabolic SAR trailing
• ATR trailing

You can also enable the Support and Resistance grid for additional visual reference.

Step 10: Backtest and Demo Test

Before using SwingMaster with real funds, test the complete management configuration on historical data and a demo account.

Pay particular attention to:

• Maximum number of positions
• Grid exposure
• Lot-size progression
• Margin usage
• Reverse hedge behavior
• Trailing-stop behavior
• Slippage
• Spread
• Drawdown

What’s Included in the Download Package?

🔺 Experts:

• Setting (If Any).docx
•  Installation Guide.docx

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Final Thoughts

In summary, SwingMaster EA MT5 is a flexible position management and volatility trailing utility designed for traders who want greater automation after a trade has already been opened.

Its combination of pending-order grid layering, flexible lot sizing, ATR volatility trailing, Parabolic SAR trailing, break-even management, reverse hedging, and on-chart controls makes it suitable for a variety of position-management approaches.

One of the most useful aspects is the ability to adapt trailing behavior to market volatility through ATR-based trailing, while Parabolic SAR provides an alternative technical trailing method. The state-persistence functionality also helps maintain management continuity after MetaTrader 5 restarts.

However, traders should remember that additional automation does not remove market risk. Grid layering and multiplier-based position sizing can increase exposure, while reverse hedging can introduce additional positions, costs, and margin requirements.

For this reason, SwingMaster EA MT5 should be tested as part of the complete trading system, including the strategy generating the initial position. Carefully evaluate the maximum possible exposure, grid configuration, lot sizing, trailing parameters, and hedging behavior before deploying the utility on a live account.