This EA only works on the mt4 platform. You can use the 1-hour time frame to run this EA. And you can use any broker, but we recommend XM as they are providing the lowest spreads than the other brokers.
We always recommend following a proper plan when you are trading forex or binary. You have to develop a proper money management plan and trading system plan. Do not get to the market and use crazy EA, you may lose your hard-earned money. You should start low lot size like 0.01.
downloadable file x-scalper-system.rar contains PremiumFXScalper.ex4, Super Signal v3d.ex4, Super Signal v3d.mq4, Trend Arrows 2.ex4, Trend Arrows 2.mq4, X-Scalper System.tpl and X-Scalper System-2.tpl
It closes partial positions when each target is achieved with 6 different types of trailing stops. It's better to download and play around with on a demo account to figure it out as it has so many parameters.
It modifies trailing stop loss on all the profitable open trades.
It also closes all the trades and can take specific profits when the trading account is in profit as a whole.
I has an instructions manual Trailing Stop Manual with parameters explanation.
This is a bit different trailing stop Expert Advisor as it's based on the so called principle; Proportional Trailing Stop, by which it determines a % ratio of pips to be protected by a trailing stop according to the trend move direction.
When the % ration is set to "x", the EA will move the stop loss to "x %" of the difference between the current market price and the price by which the order was primarily activated / executed.
The formula for Proportional Stop Loss = | Current Price - Order Open Price | x Ratio - Spread
It sets a really tight stop loss order and trailing stops and it might be incompatible with some Forex brokers
It can apply breakevens and trailing stops with setting and removing take profits and stop losses in addition to a variety of conditions for closing trades.
It prints to the screen allowed doable options, which helps to figure out what it does.
It needs some more time on a demo account to well understand how it really works.
For the first time users, Download Swiss Army EA v1.51 Guidelines
It uses an uncommon but quite effective trading strategy, it buys whenever the price Close is crossed by the Chikou span from below and sells whenever the price Close is crossed by the Chikou span from above.
It works on one currency chart at a time, so if other charts have open trades, it needs to be attached to each of them.
It generates automatic trailing stop for all of the open trades or those that would be opened in the future.
It uses a trailing stop based on exponential moving average (EMA).
This is a pretty good expert advisor. It sets the StopLoss to Breakeven when "x" a preset amount of pips in profit is has been gained.
In the figure above, "Breakeven=30" which simply means that the robot will move the StopLoss to Breakeven once its profits reaches 30 pips.
Blessing 3 EA is a Grid Expert Advisor, basically designed to determine market conditions using MA to detect the current price direction and calculate the StopLoss and TakeProfit. It can be set to make only a BUY or SELL trade instead of STOP and LIMIT trades, so BUYs are opened when the direction is long while SELLs are opened when the direction is short and in both cases profits are then harvested on trend reversal when TakeProfit level is hit.
Modified Puria Method Strategy Expert Advisor
Its an expert advisor applying Puria method Forex strategy where the MACD indicator should be attached with the following parameters: Fast EMA=15, Slow EMA=26, MACD SMA=1.
Use maximal Stop-Loss value is 14 pips.
As its name suggests, Price Quotes By Email Expert Advisor could deliver your quotes to your email in a well organized and clear way, it's user freindly, just set the desired emails frequency and the currency pairs you'd like to add to the messages you recieve.
Super Forex Expert Advisor uses RSI set with High and Low and a trailing stop, it needs to be optimized once per month with USDJPY, if well optimized it could be backtested one year back on a daily chart only giving great results.
Martingale Expert Advisor opens its positions in the direction of Stochastic indicator moving, there is a heightening of positions by martingale too. It is set to be perfect with micro-Forex.
As its name suggests, this expert advisor catches the gaps, it is simple and contains some comments. By testing it was found to be effective only on EURUSD, GBPUSD, USDCHF and AUDNZD with profit and no losses at all.
The Moving Average expert advisor trades by forming trade signals using one moving average. Positions opening and closing are performed when the moving average meets the price at the recently formed bar (bar index equals to 1). A special algorithm is used to optimize the lot size.
The main purpose of using SMA Multi Hedge Expert Advisor is to make money off the difference in the interest rates.
No information is available about Artificial Intelligence Expert Advisor, but it has proven to be a profitable expert advisor with good to excellent results.
Cyberia Trader Expert Advisor is a professional EA running on currencies with 2 points spread on 1-minute intervals, it has specific trading technologies, its results could be 100% to 300% daily profits using default settings, it works with cross-currencies, automated calculation of lots for a preset exposure, etc.
Daily highs and lows and the relationship between each other constitutes the core base of Early Top Prorate Expert Advisor, it has three profit points, four modify points, money management, trading time and daytrade closing, it's considered a successful EA.
The Master Mind Expert Advisor is a championship edition run a few years ago, it could still be a profitable expert advisor but re-testing it is required.
«Stop Hunting with the Big Players» strategy is the core base of Modified Stop Hunter Expert Advisor. It sends BuyStop and SellStop orders at the given Distance from the round price targets.
3_Level_ZZ_Semafor indicators are the core of Robot Danu Expert Advisor, it works best on M5 timeframe. Long position will closed automatically if the Sell signal is already visible and Short position will be closed automatically if the buy signal was visible too, it has no trailing stop.
Double Up Expert Advisor uses the combined conditions of the CCI and the MACD, it works great on EURUSD chart using M1 timeframe, it has no stop-loss setting so it needs to be continously monitored while trading.
This is the final application of the expert advisor system used in 2008 EA Championships, it could be a profitable expert advisor if used correctly.
Forex Account Copier allows you to copy trades from one MetaTrader account to another one running on the same computer.
Double Smoothed Stochastics – DSS Bressert is an oscillator introduced by William Blau and Walter Bressert shortly after each other in two slightly different versions. The calculation of DSS Bressert values is similar to the stochastic indicator. The difference is the use of double exponential smoothing. The advantages over the classic stochastic oscillators are the fast response to price changes in a still very smooth pattern. In addition, the extreme zones at the other end of the scale are reached quite frequently, even in strong trends, resulting in many trends confirming signals. Double Smoothed Stochastics – DSS The Bressert values are the same as the stochastics – values above 80 indicate an overbought condition of the market, and values below 20 indicate an oversold condition of the market.
The indicator has two lines:
We have added these conditions:
Indicator is implemented for: MT4/MT5/Tradestation/ Multicharts
The Relative Vigor Index (RVI) is a momentum indicator used in technical analysis. It measures the strength of a trend by comparing the closing price of a security with its trading range and smoothing the results using a simple moving average (SMA).
The RVI is interpreted in the same way as many other oscillators, such as the Moving Average Convergence-Divergence (MACD) or the Relative Strength Index (RSI). While oscillators tend to fluctuate between fixed levels, they can remain at extreme levels for extended periods, so interpretation must be done in a broad context to be actionable.
The indicator has one line:
We have added these basic conditions:
Indicator is implemented for: MT4/MT5/Tradestation/ Multicharts
The Disparity Index (DI) is a technical momentum indicator that measures the percentage value of an asset’s current closing price relative to its moving average. Simply put, it helps compare the current market price to the moving average of the price over some time. A positive percentage indicates a rising price, while a negative percentage indicates a falling price. Traders use the DI to identify overbought/oversold market conditions of an asset, which can lead to sudden price reversals.
Whenever the disparity index crosses the zero line, the indicator generates very useful signals. A change in trend is imminent when the indicator crosses the 0 line. A price correction is inevitable when the indicator shows extreme values. The DI indicator shows extreme values because assets are falling into the overbought/oversold zone. Extreme values indicate that a trend reversal is imminent and traders should stop following the trend. Values above zero indicate an uptrend, while values below zero indicate selling pressure during the downtrend. Divergences can also be detected using the DI indicator. Whenever the indicator and the price do not move in the same direction, this indicates a divergence.
The indicator has one line:
We have added these basic conditions:
Indicator is implemented for: MT4/MT5/Tradestation/ Multicharts
The rate-of-change indicator (ROC), also referred to simply as momentum, is a pure momentum oscillator that measures the percentage change in price from one period to the following one. When calculating ROC, the current price is compared to the price “n” periods ago. The chart forms an oscillator that fluctuates above and below the zero line as the rate of change moves from positive to negative. As a momentum oscillator, ROC shows signals such as crossing the centerline, divergences, and overbought/oversold levels. Since divergences are not reversal signals in most cases, they will not be discussed in detail in this article. Although crossing the center line causes price fluctuations, especially in the short term, these crossovers can be used to identify the overall trend. The identification of overbought or oversold extremes is natural for the Rate-of-Change Oscillator
The indicator has one line:
We have added these basic conditions:
Indicator is implemented for: MT4/MT5/Tradestation/ Multicharts
«Optimal Detrending» article by John F. Ehlers in Stocks & Commodities V. 18:7 (20-29) is the base core of Modified Optimum Elliptic Indicator. The whole theory is described there in details. The indicator has no input parameters.
Breakout Indicator shows the high and low level for a preset period along with a buffer setting, it calculates the number of pips in between too.
Sweet Spots Indicator puts up lines on a chart in whatever incrementing sizes you set.
Hull Moving Average Indicator is a simple but effective Hull Moving Average indicator.
Level Stop Reverse Indicator is a combination of two VT Trader trading systems. The first is the default VT LevelStop Reverse and the second was modified to allow custom ATR settings.
Signal Bars Daily Indicator shows the levels for MACD, STR, EMA for M1, M5, M15, M30, H1, H4 & D1 Time Frames. It also shows price, spread and more.
Fibonacci Pivot Points Indicator is a Fibonacci pivot calculator that graphs the values onto the chart.
Highs and Lows Indicator calculates the high and low levels for up to two periods.
This is simple script which opens positions according to a Fibonacci Retracement object. OpenFiboOrder script has just one input variable  number of lots. The script searches for the latest Fibonacci Retracement object. Order open level is set to 1 pip over 100 fibonacci level for buy order and 1 pip under 100 fibonacci level for sell order. SL level is fixed on 0 fibonacci level. Then the script gets the first fibonacci level over 100 and sets in this place TP, so it is possible to change TP range by modification of the Fibonacci Retracement object. OpenFiboOrder calculates proper levels taking into consideration a difference between ask and bid price (spread). Just before placing order the script checks whether SL, TP and order open levels are not too close. If any error occurs, the script displays message.
String Library provides a group of useful functions intended for working with strings. The library perfectly complement built-in functions of MetaTrader. After copying the files into corresponding directories you can include the library by adding following line to your files: #include <StringLib.mqh>
