Beer God
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called Beer God. In the code it works with moving averages. It has a trading-hours filter, can size trades from your risk and has a news filter. It has 25 settings, for example Name (default BG), Money Management (default MoneyManagement) and Maximum Risk (default 0.02). 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 Beer God
Beer God is an expert advisor (trading robot) for MetaTrader 4 based on Moving Average. It trades only in the hours you set (time filter), can size trades from your balance and risk percent and has a news filter. It has 25 settings, such as Name, Money management and Maximum risk. MQL source code included.
It also works on several symbols at once.
Files in the download: BeerGod.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 |
|---|---|---|
| Name | BG | |
| Money management | MoneyManagement | |
| Maximum risk | 0.02 | 1000 +0.1 . 2000 =0.2, 3000 =0.3 |
| Decrease factor | 0.2 | DecreaseFactor |
| Balans | 1000 | , , 1000 |
| Lots | 0.1 | Trade size in lots |
| Indicators | ||
| Period ma | 7 | Number of bars in the calculation |
| Time bar open | 0 | |
| Trade management | ||
| BUY | true | BUY |
| SELL | true | SELL |
| Take profit | 90 | Take profit distance |
| Stop loss | 90 | Stop loss distance |
| Min tp | 13 | - |
| Min sl | 13 | - |
| Trade time | ( ) | |
| Monday start | 0 | (8)(9) |
| Friday stop | 18 | |
| Friday close | 21 | |
| Server | ||
| Slippage | 3 | Maximum slippage allowed when opening a trade |
| Pause | 1000 | |
| Magic | Magic number that tells this EA's orders apart | |
| Magic number | 0 | Magic number that tells this EA's orders apart |
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: Time Filter · Risk & Lot Size · News Trading · Multi-Currency · Moving Average · MT4 Expert Advisor · MQL4 Source Code