Candle Average V3 EA Oprex
From the Old Kings archive: Candle Average V3 EA Oprex, an expert advisor (trading robot) for MetaTrader 4. The file name marks it as version 3. It can size trades from your risk. It has 24 settings, for example CAN (default ---------------- CandleA), Length (default 30) and H period (default 20). 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 · v3 · Free
About Candle Average V3 EA Oprex
Candle Average V3 EA Oprex is an expert advisor (trading robot) for MetaTrader 4. It can size trades from your balance and risk percent. It has 24 settings, such as CAN, Length and H period. MQL source code included.
Files in the download: CandleAverage v3 EA - oprex.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 |
|---|---|---|
| CAN | ---------------- CandleAverage_v3 | |
| Length | 30 | |
| H period | 20 | Period or timeframe used by the calculation |
| L period | 18 | Period or timeframe used by the calculation |
| C period | 18 | Period or timeframe used by the calculation |
| LM | ---------------- Lot Management | |
| Lots | 0.1 | Trade size in lots |
| MM | false | money management |
| Risk | 10 | risk in percentage |
| TSTB | ---------------- TP SL TS BE | |
| Real sl enabled | false | |
| Real sl | 5 | stop loss under 15 pps |
| Real tp enabled | false | |
| Real tp | 5 | take profit under 10 pps |
| SL | 0 | stop loss |
| TP | 0 | take profit |
| TS | 0 | trailing stop |
| Ts step | 1 | trailing stop step |
| BE | 0 | breakeven |
| EXT | ---------------- Extras | |
| Reverse | false | |
| Add positions | false | positions cumulated |
| Max orders | 20 | maximum number of orders |
| Magic | 123456 | 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: Risk & Lot Size · MT4 Expert Advisor · MQL4 Source Code