Arnold EA 8
Arnold EA 8 — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. Its source code uses RSI, the Stochastic oscillator and a trend filter. It moves the stop behind price, can size trades from your risk and handles several symbols. It has 22 settings, for example Take Profit (default 38), Lots (default 0.1) and Stop Loss (default 0). 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 Arnold EA 8
Arnold EA 8 is an expert advisor (trading robot) for MetaTrader 4 based on RSI, Stochastic and Trend. It moves the stop loss behind price (trailing stop / break-even), can size trades from your balance and risk percent and works on several symbols at once. It has 22 settings, such as Take profit, Lots and Stop loss. MQL source code included.
Files in the download: Arnold EA.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 |
|---|---|---|
| Take profit | 38 | Profit Goal for the latest order opened |
| Lots | 0.1 | We start with this lots number |
| Stop loss | 0 | StopLoss |
| Trailing stop | 0 | Pips to trail the StopLoss |
| Max trades | 10 | Maximum number of orders to open |
| Pips | 18 | Distance in Pips from one order to another |
| Secure profit | 10 | If profit made is bigger than SecureProfit we close the orders |
| Account protection | 1 | If one the account protection will be enabled, 0 is disabled |
| All symbols protect | 0 | if one will check profit from all symbols, if cero only this symbol |
| Ordersto protect | 3 | Number of orders to enable the account protection |
| Reverse condition | 0 | if one the desition to go long/short will be reversed |
| Start year | 2005 | Year to start (only for backtest) |
| Start month | 1 | month to start (only for backtest) |
| End year | 2030 | Year to stop trading (backtest and live) |
| End month | 12 | Month to stop trading (backtest and live) |
| Mm | 0 | if one the lots size will increase based on account size |
| Risk | 0.01 | risk to calculate the lots size (only if mm is enabled) |
| Accountis normal | 0 | Zero if account is not mini/micro |
| Magic number | 222777 | Magic number for the orders placed |
| Manual | 0 | If set to one then it will not open trades automatically |
| Open orders based on | 5 | Method to decide trades:0=MACD, 1=Pivot Point Time Zone, 2=Support and Resistance, |
| Time zone | 16 | Time zone to calculate the pivots (not all the methods uses it) |
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 · Risk & Lot Size · Multi-Currency · RSI · Stochastic · Trend · MT4 Expert Advisor · MQL4 Source Code