MyFxBots FREE MetaTrader Expert Advisors

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.

Recommended Settings:
• Recommended balance minimum $500
• Initial Lot: $0.01
• Time frame: 1 minute

Indicators used in X scalper system
• PremiumFXScalper
• Super Signal v3d
• Trend Arrows 2

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

Parameters Explained

• logging=1; logs will be saved in the expert\files directory, =0; no logs will be saved.
• nTrailingStop=35; the initial trailing stop will be 35 pips until the trade profit reaches the nPropSLThreshold value.
• nPropSLThreshold=12; after reaching 12 pips, the profit proportional trailing stop will be activated.
• dPropSLThreshold=0.35; this is the multiplying factor and is calculated as: (PropSL = Profit * dPropSLRatio-Spread)
• nUseEscape=0.1 or 0 escape misplaced trades once they make a minimal profit.
• nEscapeLevel=0; the size of acceptable loss in pips for a trade to be terminated once it reached the next high.
• nEscapeTP=35; the take profit level in pips, if set to a negative value then it will be considered as a pre-determined trading loss to risk.

It sets a really tight stop loss order and trailing stops and it might be incompatible with some Forex brokers

Parameters

• UseTightStop=true, it enables setting up a trailing stop.
• TrailingAct is trade profit in pips after which the trailing stop will be activated, if set to 15 for example, the trailing stop will be activated when the trade is in 15 pips of profit.
• TrailingStep is the amount in pips by which the trailing stop will trail.

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.

User Guidelines

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.

Parameters

• AllPositions; the trailing stop is used for all of the positions.
• Profit Trailing=true; the trailing stop will be activated to a trade once it starts making profits and protect (locks in your profits), while =false; the trailing stop will be activated on opening a new position.
• TrailingStop; the trailing stop size in pips.
• TrailingStep; the trailing stop step.
• UseSound; enable or disable the use of sounds.
• NameFileSound; the sound file name.

It uses a trailing stop based on exponential moving average (EMA).

Parameters

• EMA Period=13, 13 EMA will be used by the robot to trail stop the trades.
• TrailAllSymbols=true, all the currency pairs will be trailed regardless of the one it is attached to on the chart.
• CloseWhenProfit; when the sum of all profits gained from all open trades reaches this preset value, trailing starts and all the trades will be closed.
• TrailOnlyInProfit=true, a trailing stop will be activated only on profitable trades, while if =false all the trades will be trailed.
• EMAShift the EMA bar used as a trailing stop, setting it to zero (0), every EMA bar tick will be used.
• magicNumber.from and magicNumbe.to; determine the numbers that should be it trail, magic number 0 are usually for manual trades where the robot will monitor and trail manual trades along with chosen magic numbers.

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.

Added to:
1. Moving Average 1: MA period - 85, MA method - Linear Weighted, applied to Low, select red color.
2. Moving Average 2: MA period - 75, MA method - Linear Weighted, applied to Low, select red color.
3. Moving Average 3: MA period - 5, MA method - Exponential, applied to Close, select blue color.

Trading Guidelines:
• SELL if the blue MA crossed two red MAs from above to below and the signal is confirmed by MACD indicator (one bar is closed below the Zero Level).
• BUY if the blue MA crossed two red MAs from below to above and the signal is confirmed by MACD indicator (one bar is closed below the Zero Level).

Use maximal Stop-Loss value is 14 pips.

And the recommended currency pairs and timeframes are:
• AUDJPY - M30 - 15 points (i.e. the deal should be closed at 15 pips of Take Profit);
• NZDUSD - 1H - 25 points;
• USDCAD - H1 - 20 points;
• EURGBP - H1 - 10 points;
• USDJPY - M30 - 15 points;
• GBPUSD - Ðœ30 - 20 points;
• USDCHF - M30 - 10 points;
• EURCHF - H1 - 15 points;
• AUDUSD - M30 - 10 points;
• EURJPY - M30 - 15 points;
• CHFJPY - 1H - 15 points;
• CADJPY - M30 - 20 points;
• EURUSD - M30 - 15 points.

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.

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.