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Posted by andrewoliver

The Free Forex Robot is based on the indicator Bears Power. Buy signal occurs when indicator value is below level 0, and sell signal occurs when indicator value is over level 0. You can freely change the level where signals occur by changing strategy params (TradeLevel). When a new signal occurs, then the existing order will be close.

Posted by jeffboston

The Free Forex Robot is based on the Alligator indicator. This indicator contains three lines: jawline, teeth line and lips line. Indicator generates buy signal when teeth line and lips line are above jawline and it generates sell signal when these two lines are below jawline. All existing orders are closing when the opposite signal will occur or if they reach Take Profit level. Take Profit and Stop Loss can be disable by setting value 0.  

Posted by calvinwatson

The trend line forex robot helps you to trade upward and downward trend line breakouts on autopilot. This EA can be used on any currency pair and timeframe.   How to use? First step: find and draw interesting trend lines that you want to trade on the MT4 chart (see image below).   Second step: open the EA properties and set the profit target (pips) and stop loss level (pips), default levels are 50 pips.   Optional: Take a look at the other input levels and modify to meet your needs.   Trading Signals Buy order: The trend line forex robot will open a buy order when the price breaks above the upper trend line. The robot will close the open trade either at the profit target level or stop loss (you can use a trailing stop to lock in profits).   Sell order: The trend line forex robot will open a sell order when the price breaks below the lower trend line. The sell trade will be closed at the PT or SL level (whatever comes first, or use the built in trading stop feature).   Trading Preferences Currency pairs: any Preferred Time frames: Suitable for 1 min charts and higher (adjust your target levels). Sessions: any   Configurable Expert Advisor Options Lot size, profit target (pips), stop loss (pips), slippage, email alert, sound, mobile alert, trailing stop, trailing stop point, …   EUR/USD 30 Min Chart Example  

Posted by melissathomas

The free RSI robot will open a buy order when the RSI (Relative Strength Index) reaches oversold levels (standard 30) and sells when the RSI reaches overbought levels (standard 70).   You can modify both buy and sell levels. For example 20 and 80.   The EA closes the buy order when a sell order becomes valid, on the contrary, it closes the sell order when a buy order becomes valid (based on the buy and sell RSI input values).   How to use? Get an idea of the overall trend. Is it going up, down or flat?   In up trends, only take long trades and disable short trades (EA properties common tab). In down trends, only take short trades and disable long trades. In flat markets, you can take both sides of the trade(long&short).   Optional: Set stop-loss and take profit level.   Trading Preferences Currency pairs: any Preferred Time frames: Suitable for 1 min charts and higher (adjust your target levels). Sessions: n/a   Configurable Expert Advisor Options Lot size, stop-loss, RSI period, buy level, sell level, slippage level …   Strategy Tester Report On M1 AUD/USD  

Posted by phelimtimoney

The extreme CCI forex robot is based on two 85 period moving averages and extreme Commodity Channel Index (CCI) levels.   The EA buys when the CCI reaches the -200 level + trend = up and sells at the 200 CCI level + trend = down.   So, it follows the trend and opens a trade at extreme CCI levels. This approach ensures to trade at the best possible entry levels.   Trading Signals Buy order: The forex robot opens a buy order when the trend is up + CCI at -200 level (oversold). Sell order: The forex robot opens a sell order when the trend is down + CCI at 200 level (overbought).   Trading Preferences Currency pairs: majors + GBP/JPY and EUR/JPY Preferred Time frames: Suitable for 1 min charts and higher time frames. Sessions: any   Configurable Expert Advisor Options Lot size, maximum risk, stop-loss, moving average period, CCI buy level, CCI sell level, slippage, …   USD/JPY M15 Chart Example  

The free ADX forex robot trades upon the crossover of ADX+ and ADX-. It’s a trend following forex robot. The ADX trend strength itself is a filter to avoid trading extremely tight market ranges.   Trading Signals Buy order: The ADX bot places a buy trade when ADX+ crosses above ADX- from below and the ADX trend strength exceeds 20.   Sell order: The ADX bot places a sell trade when ADX- crosses above ADX+ from below and the ADX trend strength exceeds 20.   Trading Preferences Currency pairs: any Best time frames: 5 min charts and up Sessions: any   Configurable Expert Advisor Options Lots, ADX, Magic number …

Posted by feliciahoward

This EMA forex robot places long and short trades based upon the slope of an 11 period exponential moving average. The robot will go long when the slope is going up and short when the slope is going down.   You can modify the EMA period, the slope, take profit and stop-loss level. Feel free to experiment with the default EA settings until you find one that works best for your preferred time frame.   Trading Signals Buy trade: Places a long trade when the slope of the 11 period exponential moving average (EMA) is pointing up.   Sell trade: Places a short trade when the slope of the 11 period exponential moving average (EMA) is pointing down.   Trading Preferences Currency pairs: any Best Time frames: 30 min charts and higher time frames Sessions: any   Configurable Expert Advisor Options EMA period, Lots, stop-loss (pips), take profit (pips), slope, slippage, …  

This forex robot closes all your open trades at a predefined profit target or loss. You can use the EA inputs tab to set your preferred target levels for both take profit and stop-loss.   The EA also shows the current profit of the open positions, the total number of open trades and the total lot size.   Trading Signals No trading signals from this EA.   Trading Preferences Currency pairs: any Best time frames: any Sessions: any   Configurable Expert Advisor Options Profit target (pips), stop-loss (pips), pending orders, menu color, slippage,…   EUR/USD H1 Chart Example  

Posted by juliareynolds

This is a real multiple strategy forex trading robot with a lot of features and useful functions.   You can trade automatically with the following strategies: moving average cross-over strategy, MACD breakout strategy, Heiken Ashi strategy and Heiken + MACD strategy.   You can fully modify the stop-loss, take profit and trailing stop levels. It’s a great EA to start trading the EUR/USD currency pair and many others.   Trading Signals Buy trade(s): Choose all or one of the above trading strategies, the EA will open one or more buy trades when the strategy(s) turns from bearish to bullish.   Sell trade(s): Choose all or one of the above trading strategies, the EA will open one or more sell trades when the strategy(s) turns from bullish to bearish.   Trading Preferences Currency pairs: EUR/USD + other major pairs + currency crosses Best time frames: Suitable for 1 min charts and higher time frames. Sessions: any   Configurable Expert Advisor Options Stop-loss, take profit, trailing stop, max spread, risk percentage, enable/disable strategies,…   EUR/USD H1 Chart Example  

Many traders like to place pending orders above and below the previous day high and low price.   This forex robot does the job for you. It places 2 pending orders: 1 order to buy the currency pair 2 pips above the previous day high price and another order to sell 2 pips below the previous day low price.   The default profit target for both pending orders is 10 pips. Take profit and stop-loss values can be changed using the EA inputs tab. It’s recommended to use this robot on the EUR/USD and GBP/USD pairs.   Trading Signals Buy trade(s): EA opens a buy order if the price breaks 2 pips above the previous day high price and closes the trade for 10 pips.   Sell trade(s): EA opens a sell order if the price breaks 2 pips below the previous day low price and closes the trade for 10 pips.   Trading Preferences Currency pairs: EUR/USD + GBP/USD Best time frames: N/A Trade time: The robot places 2 pending orders at 00.00 GMT. One order to buy and one order to sell.   Configurable Expert Advisor Options Stop-loss, take profit, threshold, lot size, magic number,…   EUR/USD H1 Chart Example  

Posted by alexsalazar

Here’s a free popular trend following forex trading robot that uses a fast moving average (MA21), slow moving average (MA89), RSI (14) and ADX (14) to trade the fx market automatically.   The bot also uses some filters to trade or not to trade, for example, ADX must be greater than 27 to trade and the EA wont’t open a buy trade above RSI > 65 and won’t sell below RSI < 35.   Trading Signals Buy trade(s): EA opens a buy order if the short MA crosses the long MA from below + ADX above 27 and RSI below 65. Sell trade(s): EA opens a sell order if the short MA crosses the long MA from above + ADX above 27 and RSI above 35.   Trading Preferences Currency pairs: EUR/USD + other major currency pairs + popular currency crosses (GBP/JPY, EUR/JPY) Best time frames: 15 min and above Best trading sessions: Any   Configurable Expert Advisor Options Open the tiger.mq4 file in the Metatrader 4 editor to modify the default stop-loss, take profit, moving average periods, ADX period, RSI period, …   Don’t forget to compile and save the modified file.   EUR/USD H1 Chart Example    

Posted by tammybaggett

The JJN forex scalper robot is based on the original JJN scalping indicator. It works well with the default settings. It’s recommended to test this scalper on the 1 hour charts for the EUR/USD and GBP/USD currency pair. The EA uses ATR to calculate the stop-loss and take profit level.   Strategy Tester Report     Trading Preferences Currency pairs: EUR/USD and GBP/USD Recommended time frame: 1 hour Best trading sessions: Any   Configurable Expert Advisor Options Lot size, trail pips, trail stop-loss,…

Posted by eloaizabel

The instant execution forex robot puts some easy to use MT4 buttons on top of your trading chart. Close orders, exit, buy, sell and close profit button.   You can also set the preferred stop-loss, take profit, trailing stop, slippage and the maximum number of orders (change values at the EA inputs menu).   Trading Signals No trading signals from this robot.   Trading Preferences Currency pairs: all Time frame: any Trading sessions: any   Configurable Expert Advisor Options Lots, trailing start, trailing stop, take profit, max. orders, slippage, …   EUR/USD D1 Chart Example     EA Input Options  

This advanced trailing stop-loss forex robot can trail stop-losses based on parabolic sar, average true range, moving averages, candlesticks, breakeven point, and more… You can change all options directly from the input tab.   Trading Signals No trading signals   Trading Preferences Platform: MT4 Currency pair: any Recommended time frame: any Trading sessions: any

Posted by terrybrown

InstallationTo make things easier I created an installer file, or you can download, and drag the files to the correct places.If you use the installer, follow Trade simulator these instructions; if you are going to do it manually skip down to manual installation below. Automatic Installation1. save the installer to your desktop and double click to get to this window, or you may beable to run it directly from the internet.2. Locate your version of MT4. It may not say 'ATC FX'. For example, if you are withFXDD it may say 'FXDD - MetaTrader 4'. Whichever broker you are with, look for theirname in the programs folder. This will be the correct folder. Just select that folder so it ishighlighted as below.5. Make sure the path is correct by visually inspecting the 'Destination folder' as below.The first part will be the same as below and the last part will be different depending onyour broker. The installer puts an extra backslash in the path below. It should not causeany problems but just in case, delete the extra backslash. Now click next.See PDF and files

Posted by kennethallen

Milestone is an EA written by the programmer and trader Trevone published in the community MQL4 code base. Milstone drew my attention to the excellent results published in the back test then replicated back from my test. The advice of the author of the forex robot Milestone is to try to use version 4.3 or 4.4 on many currency pairs and version 5.2 for only USD / EUR 5 min time frame. The author attaches files with directions on how to set up Milestone in testing. The Milestone EA forex robot is based on these indicators: ADX, Moving Average and ATR. In this Forex Robot is to revise the profit target is sometimes very small.   Milestone EA: EUR/USD 5 min   Milestone EA 1 year NZ/USD  

Posted by antwanbedgood

EA Trailing Stop   Forex money manager is an ea (expert advisor). This is a great support for every trader becouse just need to manually open the trade and forex money manager EA will do the rest.    Informations:     set take profit,    set stop loss,    moves breakeven,    shows essential informations on the screen,    change price for stop loss and take profit,    stop and limit orders , directly from the chart. Forex Money manager ea (expert advisor):works on 4 and 5 digits Brokers;cuistomizable percent scaling out;account type (account micro, mini and standard);scaling out;trailing stop loss when pips profits is reached;set breakeven for locks profit,auto stop loss based on ATR calculations. This Forex Money Manager ea (expert advisor) is very simple and is a great friend for the trader.   

Posted by katehoward

To Install the Pattern Robot EA, Copy/Paste the Ex4 file ‘’Pattern Robot.ex4’’into your Metatrader/Experts folderPASTERestart Metatrader4 Platform and open EUR/USD 30M Chart.Click the Navigator Button in your Metatrader4 Toolbar, then clickon ‘’Expert Advisors’’ in the list that will appear in the left side of your screen. Pattern RobotThe recommended pair for this Pattern Robot EA is EUR/USD. The best time frames to use are 30 minutes or 15 minutes time frames.The EA doesn’t work with new NFA rules. It uses stop loss and limit orders.   Please adjust the settings according to your account size, risk management plan before using it. Or just use the default settings.Always trade on demo before trading with real money. For any help or questions about the EA, please contact us anytime.Please allow 24-48 hours for us to reply, as we receive 1,000’s of queries per day and we always make sure we reply to each one of them as quickly as possible.   Share your opinion, can help everyone to understand the forex strategy.

Posted by georgethorpe

Expert Advisor Metatrader   Bassic settingextern double Lots = 0.1;extern double TakeProfit = 50;extern double StopLoss = 50;extern int TrailingProfit=0;//|------------------trailing stop after profit reachedextern int TrailingStop=30;//|--------------------trailing stopextern int TrailingStep=0;//|--------------------trailing stepextern double MACDByeLevel = 0.0;extern double MACDSellLevel = 0.0;extern double RSILevel = 50;extern double FastMA = 5;extern double SlowMA = 10;    Time Frame H1 or higher   • 5 period WMA (Weighted Moving Average) • 10 period SMA (Simple Moving Average) • Slow Stochastic (5,3,3 (exponential)) • RSI (14)• MACD (12/26/9 (exponential))    BUY: MA1 > MA2, RSI > 50, MACD Fast > MACD Signal and Stochastic is signaling up (fast line above the slow line).   SELL: MA1 < MA2, RSI < 50, MACD Fast < MACD Signal and Stochastic is signaling down (fast line below slow line). (Test without optmization)   

Posted by jennymayes

Expert Advisor based on QQE   EA_MAGIC_NUM = 113142;iOpenHour = 6; // the time to startHoursToTrade = 24; // number of hours to run, if set to 24, disregards iOpenHourUse275SMA = true; // whether or not 275 SMA will be considered.QQE5Buffer = 5; // buffer number of candles for the cross to happenQQE60Buffer = 5; // buffer number of candles for the cross to happen   Slippage = 3.0;TakeProfit = 0;StopLoss = 0;TrailingStop = 15;MoneyManagement = false; // when set to true, use   percentage of account balance to calculate lot size, else use fix lotsRiskPercent = 1.0;Lots = 0.1; // fixed lotsMaxLots = 15.0;MinLots = 0.01;     Share your opinion, can help everyone to understand the forex strategy.