ASC Trend1sig
ASC Trend1sig — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. Its source code uses an oscillator. It moves the stop behind price and can size trades from your risk. It has 5 settings, for example RISK (default 2), Trailing Stop (default 0) and Stop Loss (default 50). 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 ASC Trend1sig
ASC Trend1sig is an expert advisor (trading robot) for MetaTrader 4 based on Oscillator. It moves the stop loss behind price (trailing stop / break-even) and can size trades from your balance and risk percent. It has 5 settings, such as RISK, Trailing stop and Stop loss. MQL source code included.
Files in the download: ASCTrend1sig.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 |
|---|---|---|
| RISK | 2 | Risk per trade (percent of balance) |
| Trailing stop | 0 | Trailing stop distance or switch |
| Stop loss | 50 | Stop loss distance |
| Take profit | 50 | Take profit distance |
| Lots | 1 | Trade size in lots |
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 · Oscillator · MT4 Expert Advisor · MQL4 Source Code