BS Magic EA
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called BS Magic EA. In the code it works with Bollinger Bands. It moves the stop behind price. It has 15 settings, for example Step (default 0.02), Maximum (default 0.2) and Signal Period (default 12). Before any live use, test it on a demo account and check its lot size, stop loss and trading hours. Inside: 3 indicator files 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 BS Magic EA
BS Magic EA is an expert advisor (trading robot) for MetaTrader 4 based on Bollinger Bands. It moves the stop loss behind price (trailing stop / break-even). It has 15 settings, such as Step, Maximum and Signal period. MQL source code included.
Files in the download: indicator01.mq4, indicator02.mq4, vBuySellSMagicEA_v1_00.mq4, buysell-magic.tpl.
Trading robots can lose money. Check every setting and test on a demo account before using real funds.
Settings
| Setting | Default | What it does |
|---|---|---|
| Step | 0.02 | Distance between orders |
| Maximum | 0.2 | |
| Signal period | 12 | Period or timeframe used by the calculation |
| Arrow period | 2 | Period or timeframe used by the calculation |
| Sl pips | 100 | Stop loss distance |
| Alert on | TRUE | Turn this alert on or off |
| TRUE | Turn this alert on or off | |
| __________________________ | EA Settings | |
| Magic number | 20130531 | Magic number that tells this EA's orders apart |
| Pos lot | 0.1 | |
| TP | 50 | 3 5 , . - (). |
| SL | 20 | Stop loss distance |
| Trail | 0 | . |
| Use sl | 0 | |
| Use tp | 0 |
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: Trailing Stop & Break-even · Bollinger Bands · MT4 Indicator · MQL4 Source Code