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SwapSlap is an MT5 expert advisor that opens short-lived, high-lot trades around the daily swap rollover, mainly on EURJPY and gold. Risk is set by level and can be changed from the mobile app.
Get one message the moment it launches, with its price.
SwapSlap is an expert advisor for MetaTrader 5 that trades around the daily swap rollover. It is built mainly for EURJPY and gold (XAUUSD), opens positions for a short time, and scales its lot size from account equity and a selectable risk level.
The logic is based on the carry trade idea. Instruments with different interest rates carry different swap charges, and market participants often shift their positions near the rollover toward the side that pays more. SwapSlap looks to take short trades that follow that tendency. According to the developer, the average holding time is around 90 minutes, and a position can stay open for up to 12 hours. Some internal filters are built in and are not exposed as inputs, so there are few settings to tune.
Because trades use large lot sizes and a lot of margin, the style sits between scalping and carry trading. Position size follows equity rather than a fixed lot, so the expert can in principle be used next to other experts on the same account.
Your broker must allow trading while the market is closed, since the strategy operates around the rollover. Spreads and swap rates differ between brokers, which can change results noticeably. Backtesting on your own broker data is strongly advised.
No set file is needed. The main control is the risk level, which runs from 0 to 5. On EURJPY the levels correspond to adjustable drawdown targets, and on very small balances the expert falls back to the minimum lot and adjusts the risk level itself. Exact input names can differ between releases, so read the inputs tab after attaching the expert.
| Setting | Purpose |
|---|---|
| Risk level | Chooses how aggressively lot size is calculated from equity |
| Reduce risk when other positions are open | Lowers the level by one step automatically; on by default, with a mobile notification and a journal entry |
| Panel buttons | On-chart controls; avoid them on a hosted VPS and use the inputs instead |
You can manage the expert from the MT5 phone app without logging in to your VPS:
High lot sizes and high margin use mean that a single adverse move, a wide spread or a gap around the rollover can cause a large loss, and stop-loss orders may be filled at worse prices than expected. Start with a low risk level on a demo or small account, and confirm that your leverage and balance match the developer's guidance.
Trading carries risk, and you can lose some or all of your deposit. Past results, including any shown in signals or backtests, do not predict future ones.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (expert advisor) |
| Strategy focus | Gold or XAUUSD, Scalping, Signals |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Markets | EURJPY and gold (XAUUSD) |
| Trade style | Scalping with carry trade (swap time) logic |
| Typical holding time | Short; the developer cites about 90 minutes, up to 12 hours |
| Timeframes | Check the product page and test before running live |
| Risk control | Risk levels 0 to 5, equity based |
| Set file | Not required |
| Broker requirement | Trading must be allowed while the market is closed |
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No. The developer states that no set file is required. You attach the expert to a chart of a supported symbol and choose a risk level in the inputs. Check the inputs tab after attaching it so you know exactly what is active.
It is designed for EURJPY and gold (XAUUSD). Your broker may name the gold symbol differently, for example with a suffix, so confirm that the symbol on your account is recognised by the expert before relying on it.
The developer gives minimum balance figures that depend on leverage and the chosen risk level, and they assume high leverage. If your leverage is lower, you will need a larger balance. Check the current guidance on the product page and test on a demo account first.
Yes. From mobile MT5 you can place a far-from-market pending order on the symbol the expert runs on and write a command in the comment field, such as stop, start, or a risk level. The expert reads the comment, runs the command and deletes the order. If you use a hosted VPS, use the inputs rather than the on-chart panel buttons.
It sizes risk from equity, so it can share an account with other experts. An input can lower the risk level by one step automatically when other positions are open, and it is enabled by default. Review how the combined exposure behaves before going live.
Not necessarily. The strategy relies on the swap rollover period, so your broker must allow trading when the market is closed. Spreads, execution and swap rates also vary, so backtest and demo trade on your own broker first.
SwapSlap
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