Avalanche V1 1 .2
From the Old Kings archive: Avalanche V1 1 .2, an expert advisor (trading robot) for MetaTrader 4. The file name marks it as version 1.1. In the code it works with moving averages. It handles several symbols. It has 19 settings, for example d Base Lot Size (default 0.1), d X Away (default 1) and d X Toward (default 2). 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 · Free
About Avalanche V1 1 .2
Avalanche V1 1 .2 is an expert advisor (trading robot) for MetaTrader 4 based on Moving Average. It works on several symbols at once. It has 19 settings, such as D base lot size, D x away and D x toward. MQL source code included.
Files in the download: Avalanche_v1[1].2.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 |
|---|---|---|
| D base lot size | 0.1 | This is the "x" Value (base Lot Size) |
| D x away | 1 | X Value for Away Trades |
| D x toward | 2 | X Value for Toward Trades |
| D x toward int | 3 | X Value for Toward Trades paying Interest |
| D stop loss toward | 0 | StopLoss if desired, not reccommended on Towards |
| D stop loss away | 10 | Stop loss distance |
| N slippage | 20 | Maximum slippage allowed when opening a trade |
| N erp chart period | 480 | The chart used in the ERP, 240 = 4hour |
| N erp number of periods | 100 | The number of periods used in the SMA on the chart |
| N erp change buffer | 50 | This is the buffer before changing ERP Position |
| N interval toward | 10 | Interval between Toward Trade Orders |
| N interval away | 10 | Interval between Away Trade Orders |
| D take profit toward | 10 | Take Profit setting on Toward Trades |
| D take profit away | 8 | Take Profit setting on Away Trades |
| N stack buffer toward | 5 | Stacking Buffer on Toward Trades |
| N stack buffer away | 5 | Stacking Buffer on Away Trades |
| B cancel open orders | true | Cancel all open orders, the program will set new orders |
| B close open trades | false | Are you sure you want to set this to true? |
| B open starting orders | true | Should the program automatically open new orders when initiated |
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: Multi-Currency · Moving Average · MT4 Expert Advisor · MQL4 Source Code