335 VF Boomerang V0
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called 335 VF Boomerang V0. The file name marks it as version 0. In the code it works with RSI. It places pending orders, moves the stop behind price and can size trades from your risk. It has 19 settings, for example Can Open New (default TRUE), Time Frame (default 60) and Send Email (default FALSE). Before any live use, test it on a demo account and check its lot size, stop loss and trading hours. Inside: 1 EA file with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Expert advisor · MT4 · v0 · Free
About 335 VF Boomerang V0
335 VF Boomerang V0 is an expert advisor (trading robot) for MetaTrader 4 based on RSI. It places pending buy/sell stop or limit orders, moves the stop loss behind price (trailing stop / break-even) and can size trades from your balance and risk percent. It has 19 settings, such as Can open new, Time frame and Send email. MQL source code included.
Files in the download: VF_Boomerang_v020ru.mq4, описание.txt.
Trading robots can lose money. Check every setting and test on a demo account before using real funds.
Settings
| Setting | Default | What it does |
|---|---|---|
| Can open new | TRUE | |
| Time frame | 60 | Period or timeframe used by the calculation |
| Send email | FALSE | Turn this alert on or off |
| Show alerts | TRUE | Turn this alert on or off |
| Magic n | 888 | Magic number that tells this EA's orders apart |
| Orders count | 10 | |
| Level | 50 | |
| Ord 1 lots | 0.1 | |
| Ord 2 lots | 0.2 | |
| Ord 3 lots | 0.4 | |
| Ord 4 lots | 0.8 | |
| Ord 5 lots | 1.6 | |
| Ord 6 lots | 3.2 | |
| Ord 7 lots | 6.4 | |
| Ord 8 lots | 12.8 | |
| Ord 9 lots | 25.0 | |
| Ord 10 lots | 25.0 | |
| Info on | TRUE | |
| Info color | Yellow | Colour on the chart |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Experts.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the expert advisor from the Navigator onto a chart, check the settings, allow Algo/Auto Trading and press OK.
- Test it first on a demo account or in the Strategy Tester.
Tags: Pending Orders · Trailing Stop & Break-even · Risk & Lot Size · RSI · MT4 Expert Advisor · MQL4 Source Code