Bambo
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called Bambo. In the code it works with moving averages, Bollinger Bands and a trend filter. It can size trades from your risk. It has 20 settings, for example _, MM (default TRUE) and Risk (default 0.05). Before any live use, test it on a demo account and check its lot size, stop loss and trading hours. Inside: 6 indicator files with source code (.mq4) you can open and edit in MetaEditor and a PDF guide. 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 Bambo
Bambo is an expert advisor (trading robot) for MetaTrader 4 based on Moving Average, Bollinger Bands and Trend. It can size trades from your balance and risk percent. It has 20 settings, such as _, MM and Risk. MQL source code included.
Files in the download: Bamboni_EA_Manual_Ru.pdf, Bamboni.ex4, Bamboni.mq4, forex_bamboni.jpg, EAsctrend using i_Trend.ex4, EAsctrend using i_Trend.mq4, Fisher_Yur4ik.ex4, Fisher_Yur4ik.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 |
|---|---|---|
| _ | ||
| MM | TRUE | |
| Risk | 0.05 | Risk per trade (percent of balance) |
| Lot | 1.0 | Trade size in lots |
| Tp | 100 | Take profit distance |
| Sl | 50 | Stop loss distance |
| Slip | 3 | |
| Tral level | 50 | |
| Closing by signal | FALSE | |
| Period ma1 | 100 | Number of bars in the calculation |
| Period ma2 | 200 | Number of bars in the calculation |
| Magic | 747 | Magic number that tells this EA's orders apart |
| Bands mode 0 2 | 0 | |
| Power price 0 6 | 0 | |
| Price type 0 3 | 0 | |
| Bands period | 20 | Period or timeframe used by the calculation |
| Bands deviation | 2 | |
| Power period | 13 | Period or timeframe used by the calculation |
| Count bars | 300 | |
| Period | 10 | Period or timeframe used by the calculation |
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: Risk & Lot Size · Moving Average · Bollinger Bands · Trend · MT4 Indicator · MQL4 Source Code