Algo Samurai 8
From the Old Kings archive: Algo Samurai 8, an expert advisor (trading robot) for MetaTrader 4. It places pending orders, has a trading-hours filter and can size trades from your risk. It has 12 settings, for example Configuration (default ==== Setting ====), magicnumber (default 777) and Auto Lot (default true). Watch it on a demo account for a while — robots can behave differently with each broker. 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 Algo Samurai 8
Algo Samurai 8 is an expert advisor (trading robot) for MetaTrader 4. It places pending buy/sell stop or limit orders, trades only in the hours you set (time filter) and can size trades from your balance and risk percent. It has 12 settings, such as Configuration, Magicnumber and Auto lot. MQL source code included.
Files in the download: Algo Samurai.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 |
|---|---|---|
| Configuration | ==== Setting ==== | |
| Magicnumber | 777 | Magic number that tells this EA's orders apart |
| Auto lot | true | |
| Auto lot mode | 30 | |
| Fix lot | 0.1 | |
| Order setting | === Leave as Default ==== | |
| Stoploss | 150 | Stop loss distance |
| Takeprofit | 1250 | Take profit distance |
| Step | 90 | Distance between orders |
| Config | ==== Time Filter ==== | |
| Start hour | 4 | Hour when trading starts (server time) |
| Stop hour | 22 | Hour when trading stops (server time) |
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 · Time Filter · Risk & Lot Size · MT4 Expert Advisor · MQL4 Source Code