Thread: FREE MetaTrader Expert Advisors

New Free Expert Advisor e-Stochastic.

Conception:
e-StochFree MetaTrader4 expert advisor based on Stochastic Oscillator and Overbought/Oversold levels.


Rules:
Buy when Stochastic Oscillator (main line) falls below Oversold level (e.g., 20) and then rises above that level.
Sell when the Stochastic Oscillator rises above Overbought level (e.g., 80) and then falls below that level.


Parameters:
AccDigits = 5; //set 4 for 4-digit quotes; set 5 if your broker provides 5-digit quotes
Lots = 1.0; //lots volume
StopLoss = 100; //StopLoss value, pips (0 = no StopLoss)
TakeProfit = 100; //TakeProfit value, pips (0 = no TakeProfit)
Slippage = 3; //max. allowable slippage value, pips
Magic = 20091107; //some unique ID of the expert
--- Stochastic ---
Stoch.Kperiod = 5; //Stochastic %K line period
Stoch.Dperiod = 3; //Stochastic %D line period
Stoch.slowing = 3; //Stochastic slowing value
Stoch.method = MODE_SMA; //MA method: MODE_SMA, MODE_EMA, MODE_SMMA or MODE_LWMA
Stoch.price_field = 0; //price field parameter: 0 - Low/High or 1 - Close/Close
Stoch.SignalBar = 1; //0 - get Stochastic signal from open bar; 1 - get Stochastic signal from closed bar
Stoch.OverboughtLevel = 80.0; //Stochastic Overbought level
extern double Stoch.OversoldLevel = 20.0; //Stochastic Oversold level
--- Trailing ---
TrailingOn = true; //use trailing true/false
TrailingStart = 30; //trailing stoploss size, pips
TrailingSize = 30; //min. profit value to activate the trailing, pips


FREE Expert Advisor e-Stochastic Back Test:


Click to view back test


Download Expert Advisor e-Stochastic (for FREE)

Is it reliable to use stochastic in ea? overbought, oversold only?

FREE Metatrader Indicators Page
http://iticsoftware.com/free-metatra...indicators.php


-Free MetaTrader Indicator i-MAV
http://iticsoftware.com/mav.zip

FREE Expert Advisor e-TrendLineTrader Conception:

GO - Check this out NOW! =>>> http://iticsoftware.com/free-expert-advisor.php

Open long if a bar closed above a TrendLine.
Open short if a bar closed below a TrendLine.

FREE Expert Advisor e-TrendLineTrader Usage:
Place N TrendLines on the chart manual.
Change descriptions of these trendlines to LongTrendLineDescr or ShortTrendLineDescr. Apply the expert.

FREE Expert Advisor e-TrendLineTrader Parameters:

" --- Trade params ---",

extern bool MarketExecution = false;
// Set MarketExecution = true for ECN brokers.
// This means that market orders will be placed without StopLoss and TakeProfit.
// StopLoss and TakeProfit will be added after open.
extern int AccDigits = 5;
// Set 4 for 4-digit quotes; set 5 - for 5-digit quotes
// This is amount of digits after decimal point on EURUSD pair
extern double Lots = 1.0; // lots volume
extern int StopLoss = 100; // StopLoss, pips (0 = no StopLoss)
extern int TakeProfit = 100;// TakeProfit, pips (0 = no StopLoss)
extern int Slippage = 3;// max. allowable slippage value, pips
extern int Magic = 20100620;// some unique orders ID

" --- TrendLine params ---"

extern string LongTrendLineDescr = "LTR";
// Only TrendLines with this description will be processed to open Buy orders
extern string ShortTrendLineDescr = "STR";
// Only TrendLines with this description will be processed to open Sell orders

Secrets of successful Forex Scalping

July 28th, 2010

Here are many supporters and opponents of forex scalping systems. There is no agreement of opinion even among people who use the same forex scalping system. It happens because success of the forex scalping system depends not only on professionalism of developers and the idea, realized in the system, but also on many external factors:
- Choice of broker. Many brokerage offices allow scalping, but can hinder work of the forex scalping system, especially if you deposit is small;
- Choice of the right money management policy. Many traders expect fantastic profits from the forex market and want to get several hundred percent per month. In order to achieve such goals traders often choose lot size, which makes 30% and even 50% from the deposit. In this case even one losing transaction can ruin the system.
- Professionalism of a trader. Many developers point in the system description that you don’t need special knowledge for trade and it’s true, but, at least, you must know settings of the system and metatrader trading terminal. It will help you to avoid stupid mistakes, which could ruin the system.
You should take into account several important factors when developing the trading system for gaining small amounts of profit during short time intervals (scalping trading systems).
The first and, maybe, the main factor is spread. Spread can ruin up to 20-30% of profit of your system. And if you add dealer’s actions, directed at destroying the system, we can suppose with high probability about 70% of loss.
The second important factor is multiple mistakes, which arise in the attempt to open or close market orders. For this reason many trading systems, which show profit at a test on historical data, may be unprofitable and even loss-making during real trade.
So how to develop a system, which will allow to use scalping and to make profit at the same time?
Many scalping systems have limits in time of trade. If you have a look on currency movement diapasons during so-called “quiet market” hours, you will see that currency deviance exceeds spread by several points. You can solve this problem in several ways.

The first way is to trade night and day, choosing currencies, which are currently match the scalping conditions, move in the linear regression channel or are in the flat channel, limited by resistance and support lines, for a long time. Or you can choose moments of low market volatility, when breakout of resistance lines or channel borders is unlikely.

The second way is to set the system a time limit, but at the same time to improve quality (precision) of entry and exit. Improvement of entry quality can be reached by means of formation of linear regression adaptive channels.

If you use a standard built-in linear regression indicator or other linear regression indicators, you will probably notice that arrangement of linear regression lines depends on number of bars, taken for channel formation. It is also easy to notice that you can form many such channels on the chart. So what channel is the most objective one? The most precise channel is the one, mean square deviation of which is minimal and is becoming lesser. There may be several such channels on the chart, and they will describe currency movement corridors more precisely. LR-Channel indicator will automatically detect all linear regression channels on the chart and will choose only those channels, mean square deviation of which is minimal and is becoming lesser.
Such channel will help you to detect entry and exit points more precisely than the standard linear regression channel or the flat channel.
Details in the zip file

Forex Scalping Systems are based on Forex Indicators

Most forex scalping systems are based on linear regression channels or support/resistance
lines. For example our expert advisors: Stomper and IntellectualPro. Stomper based on
support/resistance lines and Intellectula pro based on smart adaptive linear regression
channels.

Learn more about adaptive regression channels.
=>>> http://forex-profit-systems.com/?p=33

But a lot of forex scalping systems are based on forex indicators. For example our Forex
Scalping system SC-market.
Expert Advisor SC-market based on two standard indicators RSI (Relative Strength Index) forex
indicator and SMA (Simple Moving Average) forex indicator.

Learn more about Expert Advisor SC-market
=>>> http://iticsoftware.com/scalping-forex.php#scmarket



BJF Trading Group inc.

Metatrader Indicators Testing

I would like to explain how to test metatrader indicator on historical data. For example, we
can test our new CCI-divergence metatrader indicator on gbpusd curency, time frame H1.

1. Open GBPUSD chart time frame H1
2. On the left hand side, look for the "Navigator" window
3. Under the "Common" tab, look into the "Expert Advisors" directory
4. Drag (Click and drag) the expert advisor (we recommend to use standard build-in expert
advisor MACD) onto the chart
5. Run metatrader strategy tester for expert advisor in "visual mode"
6. Strategy tester should open new GBPUSD H1 window
7. Press || (pause) button (Strategy tester)
8. Under the "Common" tab, look into the "Custom Indicators" directory
9. Drag (Click and drag) the indicator onto the chart (visual)
10. Press Run button (Strategy tester)

Learn more about our metatrader indicators.

BJF Trading Group inc.

MetaTrader Account Сopiers Сomparison

We’ve been receiving a lot of questions for some time in connection with release of new metatrader
account copier Multiterminal “PowerTradeCopier”. The most widespread question is: “What is the
difference between CopyToolPro metatrader account copier and PowerTradeCopier Metatrader Multiterminal ?”

CopyToolPro is a metatrader account copier, which was created several years ago and is currently the
most popular copier among traders, money managers and brokers. This tool won such popularity thanks to
high reliability and wide range of capabilities, such as:
- copy trade operations between different MetaTrader4 brokers (market and instant execution, 4 and 5
digits quotes etc.);
- CopyTool can duplicate trades and merge trades;
- CopyTool copies all types of market and pending orders;
- Copies orders opened by expert advisors or manulally;
- CopyTool has a lot of customizable settings.

The metatrader account copier “CopyToolPro” can also be adapted to needs of any trader or broker. We’ve
developed hundreds of various additional modules and filters on order of our clients.

The copier has the following shortcomings:

- There is a small delay in the process of copying (about 1-2 seconds), because the copier is based on
scripts. Such delay is insignificant for the majority of traders and brokers;
- All slave terminals (subaccounts) should be launched for correct work of the copier;
- Master and slave terminals should be launched on one local computer or VPS.

Read more about Metatrader acount copier CopyTooPro on our website | Blog

Such approach isn’t quite acceptable for forex signals providers, since clients can refuse to provide
their account data to the signal provider.

We’ve been receiving many letters with request to create a copier, which can work in a local network,
i.e. when master and slave terminal are on different computers. Such configuration is necessary for
forex signals providers. Master terminal sends signals to slave terminals, launched on different
computers, and each slave client adjusts copying parameters independently. Master can add or block any
slave account, for example, if a client didn’t make payment in time.

We studied MT4 thoroughly and created API, while working on this project. Thanks to it we developed a
multiterminal “PowerTradeCopier” , which allows to work on a single computer or in the local network. It
isn’t necessary to launch all slave terminals for correct work of the “PowerTradeCopier” multiterminal;
it is very important, when you manage large number of accounts. And also delay during copying is equal
to zero thanks to the fact that the copier uses MT4 protocols. It’s even lesser than delay of
metatrader. We succeeded to achieve it, because metatrader is an upper level application with low
priority and it uses only one trade flow. Our program works at the level of Windows core and can use
about 250 connections; it considerably increases reliability and speed.

regards,
BJF Trading Group

New software for metatrader accounts monitoring with fully automated metatrader account copier. (coming soon)

If you want to sell forex signals, your expert advisor, or just monitor your expert advisor (or manual trading system), you can add it to our database.

Five quick steps:

1. download software =>>> http://multiterminal.net/socialnet.ZIP
2. unzip into any folder
3. run ForexNet_Short.exe
4. register
5. add your account (select server, put account # and investor password)

We will finalize program within 1-2 month and all registered users will receive full copy of software for free.

If you have any questions feel free to contact us: [email protected]

We have developed new CopyToolPro MT5--> MT4 module.
MetaTrader Account Copier "CopyToolPro MT5 --> MT4" is MetaTrader oriented forex software that makes it possible to copy trade operations from MetaTrader 5 terminal to Metatrader 4 terminals synchronous.

MetaTrader5 combines all open orders into united position.
MetaTrader4 cannot repeat the same.
We implemented the following behaviour in CopyToolPro MT5 to MT4.
Summary open lot of all trades on MT4 should be the same as the lot of open position of MT5.

Example:

Step 1)
MT5: 0.2 lot BUY EURUSD opened, summary position 0.2 lot BUY EURUSD
MT4: copy open 0.2 lot BUY EURUSD

Step 2)
MT5: 0.3 lot BUY EURUSD added, summary position 0.5 lot BUY EURUSD
MT4: copy open 0.3 lot BUY EURUSD, now we have 2 orders on MT4 (0.2 and 0.3)

Step 3)
MT5: 0.1 lot BUY EURUSD closed, summary position 0.4 lot BUY EURUSD
MT4: copy close 0.1 lot BUY EURUSD, we still have 2 orders on MT4 (0.1 and 0.3)
etc.

Learn more: =>>> http://iticsoftware.com/metatrader-5-account-copier