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#1 27-02-2010 01:02:42

From: France
Registered: 21-12-2009
Posts: 152

Free experts advisors and indicators for MT4



#2 01-07-2010 07:27:02

Registered: 18-05-2010
Posts: 197

Re: Free experts advisors and indicators for MT4

FREE Expert Advisor e-TrendLineTrader Conception:

GO - Check this out NOW! =red-arrow>

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



#3 06-08-2010 10:39:44

Registered: 18-05-2010
Posts: 197

Re: Free experts advisors and indicators for MT4

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 =red-arrow> …



#4 19-08-2010 14:20:03

Registered: 18-05-2010
Posts: 197

Re: Free experts advisors and indicators for MT4

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.

BJF Trading Group



#5 07-09-2010 13:20:40

Registered: 18-05-2010
Posts: 197

Re: Free experts advisors and indicators for MT4

Forex Scalping Expert Advisor "SC-Market"

BJF Trading Group .



#6 16-09-2010 13:37:16

Registered: 18-05-2010
Posts: 197

Re: Free experts advisors and indicators for MT4

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 =red-arrow>
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:



#7 23-09-2010 13:26:04

Registered: 18-05-2010
Posts: 197

Re: Free experts advisors and indicators for MT4

Explanation video for  Metatrader Account copier "PowerTradeCopier".
You can view video on  website:




#8 05-10-2010 19:40:29

Registered: 18-05-2010
Posts: 197

Re: Free experts advisors and indicators for MT4

We have developed new CopyToolPro MT5-yellow-arrow MT4 module.
MetaTrader Account Copier "CopyToolPro MT5 -yellow-arrow 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.


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)

Learn more: =red-arrow>



#9 15-10-2010 13:23:57

Registered: 18-05-2010
Posts: 197

Re: Free experts advisors and indicators for MT4

New mathematic algorithm for fractal divergence determination.

     New mathematic algorithm for fractal divergence determination. MACD Divergence, Stochastic Divergence, RVI Divergence, RSI Divergence, Momentum Divergence, BollingerBands Divergence, OBV Divergence Indicators are available. More information:

=red-arrow> … indicators

Forex Divergence Indicators - Short explanation
Disagreement between the indicator and price is called divergence. Divergence helps the forex  trader recognize and react appropriately to a change in price action. Almost all divergence metatrader indicators show divergence of oscillator and price. Divergence is usually price movement determined in relationship to an oscillator indicator.  We would like to propose divergence indicator based on oscillators: CCI, Momentum, MACD, RVI, Stochastic etc. Divergence indicators can be used as a leading indicators. Our MetaTrader Divergence indicators based on fractal divergence. Learn more about fractal divergence...

Metatrader Expert Advisors Software-The Benefits!

Our Metatrader Expert Advisors (Mechanical Trading Systems, robots) can be easily installed, do not require any special knowledge and are widely used by beginner and skilled traders, alike. You can start trading by means of our Metatrader Expert Advisors within an hour of purchase.

All Mechanical Trading Systems (Metatrader Expert Advisors) work in the Metatrader 4 trading terminal, which is free-of-charge.

You can start to work with our Metatrader Expert Advisors on demo first then take it live.

Our Metatrader Expert Advisors are back-tested fully on data from various brokers and additionally tested going live.

If you choose to buy a Metatrader Expert Advisor you receive free 24 hour a day 7 days a week support.

All new versions and updates of Expert Advisors are free of charge. We employ a flexible system of payment included discounts and bonuses.

Visit our website for more information:

Best regards,
BJF Trading Group inc.



#10 22-10-2010 11:39:39

Registered: 18-05-2010
Posts: 197

Re: Free experts advisors and indicators for MT4

Forex Divergence Options

We have added divergence indicators parameters explanation.
=red-arrowClick to view
and two new  articles:
Bollinger Bands Divergence Indicator generation III
=red-arrowClick to read
Metatrader Indicator OBV Divergence Generation 3
=red-arrowClick to read

Best regards,
BJF Trading Group inc.



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