Blazer
Blazer — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. Its source code uses MACD and RSI. It raises the lot size after losses (martingale — high risk), works with a grid of orders and moves the stop behind price. It has 27 settings, for example geral01, Lots (default 0.01) and Lot Exponent (default 1.55). Watch it on a demo account for a while — robots can behave differently with each broker. Inside: 2 EA files with source code (.mq4) you can open and edit in MetaEditor and 2 settings files (.set). 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 Blazer
Blazer is an expert advisor (trading robot) for MetaTrader 4 based on MACD and RSI. It increases the lot size after a losing trade (martingale), opens a grid of orders at fixed price steps and moves the stop loss behind price (trailing stop / break-even). It has 27 settings, such as Geral01, Lots and Lot exponent. MQL source code included.
It also can size trades from your balance and risk percent.
Files in the download: DetailedStatement.gif, FREE TRADING SYSTEMS AND INDICATORS.url, Blazer EA.ex4, Blazer EA.mq4, Blazer Robot - H1 - 1.000.set, Blazer Robot - H1 - 500.set.
Trading robots can lose money. Check every setting and test on a demo account before using real funds.
Settings
| Setting | Default | What it does |
|---|---|---|
| Geral01 | CONFIGURAЗХES GERAIS | |
| Lots | 0.01 | Lotes Manuais |
| Lot exponent | 1.55 | Fator incremento manual |
| Pip step | 30.0 | PIP Step |
| Max lots | 100.0 | Max Lotes |
| Take profit | 10.0 | Take Profit |
| Use equity stop | FALSE | Usar EquityStop? |
| Total equity risk | 20.0 | Risco Total para EquityStop |
| Use trailing stop | TRUE | Usa Trailling Stopґ? |
| Trail start | 13.0 | Inicio TraillingStop |
| Trail stop | 3.0 | Tamanho Trailling stop |
| Slip | 5.0 | Derrapagem (Slippage) |
| Mm01 | GERENCIAMENTO DE CAPITAL | |
| Mm active | TRUE | Utiliza gerenciamento de capital? |
| Mm02 | Lote = Fator * Lote Mнnimo | Fator de Multiplicaзгo = Saldo / Fator |
| Mm03 | Lote Minimo: 0.02 | Ex. Saldo: $ 2.247,30 Fator: $ 1.000,00 |
| Mm04 | Lote = 2 * 0.02 => 0.04 | Fator de Multiplicaзгo = 2.247,30/500=2,2473 => 2 |
| Mm05 | Lote serб sempre 0.01 | Enquanto o saldo estiver abaixo do fator |
| Mm factor | 1000 | Fator de Incremento, baseado no saldo |
| Mm min lot | 0.01 | Lote Mнnimo |
| Es01 | ESTRATЙGIAS | |
| Blazer1 | true | Ativa Estratйgia 1 |
| Max trades hilo | 10 | Max Trades Estratйgia 1 |
| Blazer2 | true | Ativa Estratйgia 2 |
| Max trades 15 | 10 | Max Trades Estratйgia 2 |
| Blazer3 | true | Ativa Estratйgia 3 |
| Max trades 16 | 10 | Max Trades Estratйgia 3 |
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: Martingale · Grid · Trailing Stop & Break-even · Risk & Lot Size · MACD · RSI · MT4 Expert Advisor · MQL4 Source Code