MetaTrader 4 CopyTool Pro FOREX Software

MetaTrader CopyTool Forex Software Conception

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We can offer extended version of Slave script for our Metatrader account copier "CopyToolPro".


This version includes 3 features: Time filter, Price Difference filter and Copy permissions.

extern string ___tmp4_____________ = " --- Filters ---";
extern bool TimeFilter.On = true;
extern string TimeFilter = "2010.01.01 0:00";
extern bool PriceDiffFilter.On = true;
extern string PriceDiffFilter = "[-1000, 1000]";
extern string Buy.Permissions = "[Open: yes] [Modify: yes] [Close: no]";
extern string Sell.Permissions = "[Open: yes] [Modify: yes] [Close: no]";
extern string BuyLimit.Permissions = "[Set: yes] [Modify: yes] [Delete: yes]";
extern string SellLimit.Permissions = "[Set: yes] [Modify: yes] [Delete: yes]";
extern string BuyStop.Permissions = "[Set: yes] [Modify: yes] [Delete: yes]";
extern string SellStop.Permissions = "[Set: yes] [Modify: yes] [Delete: yes]";


Time filter


TimeFilter prevents copy of orders with OrderOpenTime older than TimeFilter value


Price Difference filter


For market Buy order price_diff calculated as slave ask price - master order_open_price.
For market Sell order price_diff calculated as master order_open_price - slave bid price.
For pending orders this filter is ignored.

Example 1:

[-1000, 1000]
Copy new order if price difference (or price_diff) is anywhere between -1000 and 1000 pips.

Example 2:
[-10, -20]
Copy new order if price_diff is negative and between -10 and -20 pips.
So we copy order only if the market goes in StopLoss direction and we are on some distance from open price.

Example 3:
[50, 30][-30, -50]
Copy new order if price_diff is positive between 50 and 30 pips or negative between -30 and -50 pips.
We copy order only if the market goes in TakeProfit direction or in StopLoss direction and
we are on some distance from open price.
PS. Please keep in mind that if Master and Slave are different brokers then there is some slippage
value between Master Bid and Slave Bid prices so on open of new order on master terminal
price_diff is not equal to 0.

Copy permissions:
This is the list of allowed commands for different types of orders


Learn more about Metatrader account copier "CopyToolPro"

How to test expert advisors portfolio on historical data?

It is very important to choose a portfolio of expert advisers in such a way to get the minimum drawdown for equity curve. Each expert advisor in the portfolio should reduce drawdown and protect the deposit from the margin call. This can be achieved by selecting the right combination of expert advisers and the correct lot size for each of them. It is difficult to implement, because build in metatrader 4 tester doesn't support multi strategies testing. I would like to explain how to receive summary back test for several expert advisors and calculate summary drawdown and other important parameters. First, I would like to explain what mean each parameter in the strategy tester's report
Learn more...
GO - Check this out NOW! =>>> http://iticsoftware.com/metatrader-backtest.php

FREE Expert Advisor e-TrendLineTrader Conception:

GO - Check this out NOW! =>>> http://iticsoftware.com/free-expert-advisor.php

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

Forex Scalping Expert Advisor “Stomper”

Expert advisor “Stomper”  is forex scalping expert advisor. The expert advisor “Stomper” was created at finding a certain trend in the forex  market. Using the channel method, we managed to reach unprecedented results. It appears that the market is so regular that each period of time, taken for optimization, will be repeated until a currency movement trend changes (it hasn’t happened very often lately). The channel method of identifying a market entry is easy: we should identify channel calculation diapason, draw channel borders (the forex scalping system “Stomper”  will draw them virtually), and enter the market at rebound from border. Exit is carried out on the same principle; you just need to wait for an opposite signal. You can use only one order when you are in the market! After that for optimization of the process you should choose working hours of the forex scalping system “Stomper”. It is very easy: choose any currency pair and figure out the most flat and regular period, then correct working hours, and start testing. This principle turns out to be very simple and easy.  Let’s give an example in addition to the above:
Choose time from  22 till  1   Server time: GMT +1
Parameters of the advisor:
OpenHour1 ;
CloseHour1=1;
OpenHour2=21;
CloseHour2=23;
Then choose a channel:
ChannelBars = 8;
The default currency  pair was GBPCAD with spread no more than 11!



pic.1 Forex Scalping Expert Advisor “Stomper” trading mechanism explanation

learn more about forex scalping expert advisors

BJF Trading Group inc.

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