Bolltrade Ron Mt4 V03h2 Eusd1
Bolltrade Ron Mt4 V03h2 Eusd1 — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. Its source code uses Bollinger Bands. It can size trades from your risk. It has 12 settings, for example Profit Made (default 8), Loss Limit (default 39) and Compounding (default false). Watch it on a demo account for a while — robots can behave differently with each broker. 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 Bolltrade Ron Mt4 V03h2 Eusd1
Bolltrade Ron Mt4 V03h2 Eusd1 is an expert advisor (trading robot) for MetaTrader 4 based on Bollinger Bands. It can size trades from your balance and risk percent. It has 12 settings, such as Profit made, Loss limit and Compounding. MQL source code included.
Files in the download: [ea]bolltrade_ron_mt4_v03h2_eusd1_www.forex-instruments.info.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 |
|---|---|---|
| Profit made | 8 | how much money do you expect to make |
| Loss limit | 39 | how much loss can you take |
| Compounding | false | buy more as the distance outside the band increases |
| Volume max | 330 | limit trading is volume exceeds this maximum |
| B distance | 14 | plus how much |
| B period | 15 | Bollinger period |
| Deviation | 2 | Bollinger deviation |
| Lots | 1.0 | how many lots to trade at a time |
| Lot increase | true | grow lots based on balance = true |
| Logging | false | log data or not |
| Logerrs | false | log errors or not |
| Logtick | false | log tick data while orders open (or not) |
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 · Bollinger Bands · MT4 Expert Advisor · MQL4 Source Code