Free Mt4 Tools, Expert Advisors und Scripts  

The following Expert Advisors (Tools) can be very useful for a trader. These tools are free and can be shared without any changes. Reselling is prohibited.

Trailing Stopp EA

With this tool you can outsmart the Meta Trader platform. The minimum trailing stop which can be set on the Mt4 platform is 15 pips. This EA enables you a trailing stop of just 5 pips. In some situations it can be very useful.

Settings

Trailing_Stop (Default=25): Trailing Stop from 5 Pips possible
Break(Default=20): positive pips number when the trailign stop should be set.

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Close all trades with a daily profit of...

This tool enables you an automated closing of orders if there was reached a certain Profit of the day.

Settings

Loss_Limit (Default=100): Stopp Loss value in pips.
Profit_Limit (Default=100): Take Profit value in pips.

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Close all trades at a certain time

If you are awaiting news which could cause a big movement but you do not know in which direction then you can set a timer to close all open orders before the event.

Settings

Close_Time_Hour (Default=0): Hour when open positions should be closed.
Close_Time_Minute (Default=0): Minute when open positions should be closed

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Close all trades at a total profit of...

This tool enables you to close all open orders automatically if a certain profit of all opened positions together was reached.

Settings

Loss_Limit (Default=100): Stopp Loss value in pips.
Profit_Limit (Default=100): Take Profit value in pips.

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Later set S/L and T/P for ECN brokers

With the most ECN brokers it is not possible to set an order with a S/L or T/P at the same time. If there is a strong market movement manuel setting of a S/L or T/P can be to slow. This tool helps you to set a S/L or T/P after opening of the position immmidiately.

TP (Default=30): Take Profit value in pips.
SL (Default=30): Stopp Loss value in pips.

Settings

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