Two very useful expert advisors (free)

Enterra Forex Team

Enterra Forex Representative

MDunleavy Representative
MetaTrader CopyTool Forex Software Conception

CopyTool is MetaTrader 4 oriented forex software that makes it possible to copy trade operations between different MetaTrader 4 terminals synchronous. This forex software is developed for simultaneous management of multiple accounts, for which is mostly helpful for those whom manage investors' accounts and for traders working with many accounts simultaneously.

CopyTool Forex Software successfully combines great functionalities that allow effective trading with many accounts and with exceptional usability. The maximum amount of active terminals is not limited. This amount depends only on hardware resources of your computer. Installation and usage is very simple. To copy signals you need to know the trade password for slave account and only investor password for master account.


MDunleavy Representative
New Free Expert Advisor e-Stochastic.

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

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.

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)


Open and close trade EA

I dearly need the services of an EA that can simultaneausly initiate buy or sell trade actions on different MT4 accounts and be able to close these trades as well.

This EA must be able to initiate buy or sell trade actions on different MT4 platforms (accounts) with the slightest time lag and also be able to initiate close trade actions in the same manner.

This EA should be able to initiate these trade actions (buy or sell) multiple times as desired within seconds and possess the ability to merge trades.

All helpful information is this regard is highly welcome. Thanks.

MDunleavy Representative
FREE Expert Advisor e-TrendLineTrader Conception:

GO - Check this out NOW! =>>> _
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

MDunleavy Representative
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


MDunleavy Representative
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

Learn more about adaptive regression channels.
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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
=>>> _

BJF Trading Group inc.