FOREX : Collection of Expert Advisors

Here is a list of Expert Advisors from the Internet :
[ ... right click on the link - then choose SAVE AS ... ]

- BLSH EA

- Bomb Shell EA

- Interloper EA

- My EA

- OTIW EA

- Pip Boxer EA

- Robin Hood EA

- Spock was Right EA

- Terminator EA

- VX EA

- X2 Cable EA

- X2 Correlation Hedge EA 1

- X2 Correlation Hedge EA 2

- XMOM EA

FOREX : LINEXCUTOR EXPERT

LAST UPDATE [ July 11, 2009 ] - PLEASE DOWNLOAD THE FILE :

• Trade will only be ONE for both trendlines
• Trendlines names changed to UPPERline and LOWERline
• Parameters for trendlines name, trading mode, ea name, magic number, now external (changable)
• You can specify which mode to trade :
• Trade inside the angle (bouncing trade) only
• Trade outside the angle (breaking trade) only
• or Both of them, like before

Introduction :

Linexcutor works by watching two trendlines, UPPERline and LOWERline. First of all, we specify the two trendlines. Then rename each of them. After that, just run the EA. The EA will open a trade on the closing or leaving a trendline. This is a semi-automatic system, where we specify the trendlines and have the EA do the rest.

Expert File : Linexcutors.mq4




How does it work :

• After specifying the proper trendlines (Linexcutor1 and 2), the EA will watch the price movement
• If price is in between both trendlines :
• when price touch upper TL (UPPERline), SELL will be opened (bounce down)
• when price touch lower TL (LOWERline), BUY will be opened (bounce up)
• If price break any of trendline, any opened bouncing trade (described above) will be close, then a new trade will be opened according to its direction
• Breaking upper TL (UPPERline) : BUY
• Breaking lower TL (LOWERline) : SELL

FOREX - SOLAGRACIA EXPERT

Solagracia is a Day Break Out forex trading system. By specifying the proper start-end time, a trade can be open and close with high probability profit. Some optimizing will be needed for certain period of time. However, don't be too agressive ;)

Expert File : solagracia.mq4


EURUSD Backtest Result


GBPUSD Backtest Result

FOREX : 3-STEPS EXPERT

This EA, as its name, closes profit in three steps. For example, the initial lot opening is 0.03 and target profit is 150, once the profit reach 50, it will close 0.01 lot, then, profit 100, close another 0.01. By doing this, a maximum profit taking will be achieved.

For the signal, it uses the Oscilator Moving Average Cross.

Expert File : 3-steps.mq4

FOREX : CRAZYINDY EXPERT

This EA uses all combination of indicators to make trade decisions. It uses MACD, SAR, Momentum and Stochastic Oscillator. I haven't got time to present the back test :P

Expert File : CrazyIndy.mq4

FOREX : BLUEWHALE EXPERT

- an approach of fully learning automated trading system

System Work :

• This EA is a development of Dynamic Trading System
• The EA will generate Trendlines
• Uses multiple moving average (MMA)
• Automatically detect Range
• ::: uses those three to make trade decisions
• The EA is still not perfect yet but will be better by perfection
• The goal of this EA is to make dynamic trading system by using current currency situation and avoid using normal indicators that usually fail in certain period of timesystem

Expert File : BlueWhale.mq4
Indicator File : ZigZag.mq4

FOREX : MAGNETO [ CARRY TRADE ] EXPERT

LAST UPDATE : 29 June 2009 : CLOSE ON BEP or PROFIT

How does it work :

• Carry trade is a non loss trading system
• It will open a trade in one direction (BUY) for 1 Lot
• Once it goes to the opposite, another trade, SELL for 3 Lots is opened
• If it goes to the opposite direction again, the BUY 6 lot is open
• This is a risky trading method just like Martingale
• However, with MAGNETO EA :
• We can set our own Upper (Buy) and Lower (Sell) Levels
• The levels can be based on the current Support / Resistance levels
• More control could be achieved, thus minimizing the trade bounce wildly
• Except the Levels Placement, all trades are done automatically

File Download : Magneto.mq4

How to Run :

1. Set the starting Lot size, eg. 0.1
2. Place the MAGNETO EA in a chartThen, place two lines, upper level and lower level (see the picture)
3. Rename the Upper Line as HLINE and Lower Line as LLINEOnce those two are renamed, two pending orders will be place automaticallyWarning : Do not place any level too close to the current price, otherwise it will be fail to execute
4. If anything goes wrong, just remove the EA and delete all the pending orders.

FOREX : 3 PAIR HEDGING [ CORRELATION ] EXPERT

LAST UPDATE : 1 July 2009 11:20AM :

• EA file 3PairsHedge.mq4 is updated, LOTS OF CHANGES

How does it work :

• Correlation Trade means open 3 correlated currency pairs simultanuously
• Each pair will have certain lot size
• These combination of currency pairs and lot sizes will balance the overall trades and result ZERO in total (theoritically)
• Due to the nature of world economic situation, a situation where the correlation movement will happen all the time
• When the movement result is positive then we are in profit
• Otherwise it will be lost
• However, this negative result will eventually turn positive again after certain time

File download : 3PairsHedge.mq4
Trade Sample : 3PairsHedge.zip

How to Run :

1. Make sure you have these pair active for trading in MT4 Terminal : EURUSD - USDCHF - EURCHF
2. Default trading are BUY EURUSD - BUY USDCHF - SELL EURCHF
3. Lot for each pair will be calculated automatically
4. Open one pair, for instance EURUSD (Time frame is not an issue)
5. Run the EA
6. Set the external variable Xoff (X offset) to the appropriate value so that all information can be displayed properly in EURUSD terminal (like screen shot above)
7. After everything is ready,
8. For manual trading : select or double click the three labels (BUY EURUSD, BUY USDCHF, SELL EURCHF)
9. Then press "delete" to delete the label, thus opening all 3 trades simultaneously
10. For auto trade : just sit and watch, once the speed difference is 10, all trades will be excuted
11. Finally ... wait for profit!