Arbitrage Reverse
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called Arbitrage Reverse. It places pending orders, has a trading-hours filter and can size trades from your risk. It has 19 settings, for example separator1 (default ---------------- Entry S), begin Price (default 1.8014) and separator2 (default ---------------- Money M). Run it in the Strategy Tester and then on a demo account to see how it opens and closes trades. Inside: 1 EA file with source code (.mq4) you can open and edit in MetaEditor and 2 settings files (.set). 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 Arbitrage Reverse
Arbitrage Reverse 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 19 settings, such as Separator1, Begin price and Separator2. MQL source code included.
It also looks for price differences (arbitrage).
Files in the download: ArbitrageReverse\ArbitrageReverse_1.1 (LotsDivider).mq4, ArbitrageReverse\BUY.set, ArbitrageReverse\Read me.txt, ArbitrageReverse\SELL.set.
Trading robots can lose money. Check every setting and test on a demo account before using real funds.
Settings
| Setting | Default | What it does |
|---|---|---|
| Separator1 | ---------------- Entry Settings | |
| Begin price | 1.8014 | Hour when trading starts (server time) |
| Separator2 | ---------------- Money Management | |
| Experts | 1 | |
| Lots divider | 10 | |
| Use basket options | false | |
| Basket profit | 7500 | if equity reaches this level, close trades |
| Basket loss | 99999 | if equity reaches this negative level, close trades |
| Separator3 | ---------------- Order Management | |
| Magicnumber | 777 | Magic number that tells this EA's orders apart |
| Slippage | 3 | how many pips of slippage can you tolorate |
| Separator4 | ---------------- Filters | |
| Trade on sunday | true | time filter on sunday |
| Monday to thursday time filter | false | time filter the week |
| Monday to thursday start hour | 8 | start hour time filter the week |
| Monday to thursday end hour | 17 | end hour time filter the week |
| Friday time filter | false | time filter on friday |
| Friday start hour | 8 | start hour time filter on friday |
| Friday end hour | 14 | end hour time filter on friday |
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: Arbitrage · Pending Orders · Time Filter · Risk & Lot Size · MT4 Expert Advisor · MQL4 Source Code