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Thread: New Free Expert Advisor e-Stochastic.

  1. #1

    Default New Free Expert Advisor e-Stochastic.

    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)
    BJF Trading Group|FOREX MetaTrader Expert Advisors

  2. #2
    Senior Member
    Join Date
    Jan 2009


    Thank you for this Free expert advisor, i just downloaded it and it seems to work very well.

    Could you give us some ideas on what pairs and time frames this robot works best on if you know


  3. #3
    BJF Trading Group|FOREX MetaTrader Expert Advisors

  4. #4

  5. #5


    FREE Expert Advisor e-TrendLineTrader Conception:

    GO - Check this out NOW! =>>> Free Expert Advisors | Free Metatrader Expert Advisors

    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
    BJF Trading Group|FOREX MetaTrader Expert Advisors

  6. #6


    Free Expert Advisor
    Attached Images Attached Images
    BJF Trading Group|FOREX MetaTrader Expert Advisors

  7. #7

  8. #8


    For your attention new Elliott Wave Indicator for metatrader 4 platform.

    Elliott Indicator determines in fully automated mode and real-time Elliot waves. Indicators works under Metatrader 4 terminal control and contains two parts:
    Metatrader 4 Indicator
    Elliott Wave Application

    Elliott Wave Application is calculating about two thousand possible waves (patterns) and wave combinations, taking into account every old and modern Elliott Wave rule, every Fibonacci ratio and the fractal nature of the chart.

    After calculations, the preferred (combinations with highest probability) Elliott Wave count automatically is displayed in your chart and all patterns descriptions, probabilities and rules for this patterns will be displayed in Elliott Wave Application .
    Also on the chart Indicator will show the rays indicating the most probable direction of the waves.
    More information =>>>

    Best regards,
    BJF Trading Group inc. =>>>
    Attached Images Attached Images
    BJF Trading Group|FOREX MetaTrader Expert Advisors

  9. #9


    Forex Systems Risk Diversification - Introduction

    * Often at creation of new forex trading strategies trades seek the maximum profitability of a forex system. However, sometimes it is more important to reduce possible risk, which is expressed in the maximum permissible drawdown, but not to raise value of expected profit

    * A simple, but rather reliable way of estimation of trading strategy efficiency is to identify correlation between profitability and the maximum drawdown of a forex system on the period under investigation a so-called recovery factor. For example, if profitability of a forex system is 45% per annum and drawdown is 15%, the recovery factor will be equal 3.

    * If to compare two forex systems with different values of profitability and drawdown, the trading system with a higher recovery factor will be better. The forex system with 30% per annum and 5% drawdown will be better than the forex system with 100% per annum and 40% drawdown. It is easy to adjust profitability to a necessary size by means of margin lending, but it is impossible to change risk weighting of a ftrading system, because it is the integral feature of a system. Increase of profitability, accordingly, also increases risk.
    BJF Trading Group|FOREX MetaTrader Expert Advisors

  10. #10
    Junior Member Blake's Avatar
    Join Date
    Dec 2010


    Anybody can share some forward test results from this EA?

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