Altr Trendexp
Altr Trendexp — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. Its source code uses Bollinger Bands, ATR and a trend filter. It moves the stop behind price, can size trades from your risk and is set up for scalping. It has 6 settings, for example Lots If No MM (default 0.1), Stoploss (default 200) and Slip (default 5). 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 Altr Trendexp
Altr Trendexp is an expert advisor (trading robot) for MetaTrader 4 based on Bollinger Bands, ATR and Trend. It moves the stop loss behind price (trailing stop / break-even), can size trades from your balance and risk percent and is built for short scalping trades. It has 6 settings, such as Lots if no mm, Stoploss and Slip. MQL source code included.
Files in the download: AltrTrendexp.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 |
|---|---|---|
| Lots if no mm | 0.1 | |
| Stoploss | 200 | Stop loss distance |
| Slip | 5 | |
| Initial target | 999 | |
| Mm mode | 0 | |
| Mm risk | 40 | Risk per trade (percent of balance) |
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: Trend · Trailing Stop & Break-even · Risk & Lot Size · Scalping · Bollinger Bands · ATR · MT4 Expert Advisor · MQL4 Source Code