4 Indis Plus
From the Old Kings archive: 4 Indis Plus, an expert advisor (trading robot) for MetaTrader 4. In the code it works with RSI and moving averages. It moves the stop behind price, has a trading-hours filter and can size trades from your risk. It has 40 settings, for example ECN (default TRUE), s0 (default Settings for indicators) and MA Period (default 105). 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 · v1.0 · Free
About 4 Indis Plus
4 Indis Plus is an expert advisor (trading robot) for MetaTrader 4 based on RSI and Moving Average. It moves the stop loss behind price (trailing stop / break-even), trades only in the hours you set (time filter) and can size trades from your balance and risk percent. It has 40 settings, such as ECN, S0 and Ma period. MQL source code included.
It also has a news filter.
Files in the download: 4Indis_Plus.mq4.
Trading robots can lose money. Check every setting and test on a demo account before using real funds.
Settings
| Setting | Default | What it does |
|---|---|---|
| ECN | TRUE | |
| S0 | Settings for indicators | |
| Ma period | 105 | Period or timeframe used by the calculation |
| Slippage ma | 25 | Maximum slippage allowed when opening a trade |
| S01 | ------------------------ | |
| Williams period | 21 | Period or timeframe used by the calculation |
| Level high | 5 | |
| Level low | 95 | |
| S02 | ------------------------ | |
| Atr period | 22 | Period or timeframe used by the calculation |
| Level atr stop | 2 | |
| S03 | ------------------------ | |
| Cci period | 16 | Period or timeframe used by the calculation |
| Level cci high | 90 | |
| Level cci low | -95 | |
| S04 | ------------------------ | |
| Rsi param buy | 70 | |
| Rsi param sell | 30 | |
| S1 | Settings for Stoploss & TakeProfit | |
| Stop loss | 40 | Stop loss distance |
| Take profit | 10 | Take profit distance |
| S2 | Setting for closing of orders | |
| S21 | Closure of Williams. | |
| Close williams | 1 | |
| Williams close buy | 80 | |
| Williams close sell | 40 | |
| Only profit | 2 | |
| S22 | Closure of CCI | |
| Close cci | 0 | |
| Cci close buy | 20 | |
| Cci close sell | -70 | |
| S4 | Breakeven. If 0 - do not use | |
| Paritet | 0 | |
| Pips | 3 | |
| S5 | Trailing stop. 0 - Off, 1 - standard, 2 | |
| Trailling type | 0 | Trailing stop distance or switch |
| Trailling stop | 22 | Trailing stop distance or switch |
| Trailling step | 2 | Trailing stop distance or switch |
| Trailling bar | 5 | Trailing stop distance or switch |
| S6 | Settings for order |
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: Trailing Stop & Break-even · Time Filter · Risk & Lot Size · News Trading · RSI · Moving Average · MT4 Expert Advisor · MQL4 Source Code