Carcharodon V1
Carcharodon V1 is an expert advisor (trading robot) for MetaTrader 4 from the Old Kings collection. This copy is version 1. Its source code uses Bollinger Bands. It places pending orders and moves the stop behind price. It has 19 settings, for example Magic (default 1032), LOAD DATA (default false) and Buy Stop Price (default 0.0). 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 · Free
About Carcharodon V1
Carcharodon V1 is an expert advisor (trading robot) for MetaTrader 4 based on Bollinger Bands. It places pending buy/sell stop or limit orders and moves the stop loss behind price (trailing stop / break-even). It has 19 settings, such as Magic, Load data and Buy stop price. MQL source code included.
Files in the download: Carcharodon_v1.3.mq4, Текстовый документ.txt.
Trading robots can lose money. Check every setting and test on a demo account before using real funds.
Settings
| Setting | Default | What it does |
|---|---|---|
| Magic | 1032 | Magic number that tells this EA's orders apart |
| Load data | false | |
| Buy stop price | 0.0 | |
| Delta | 15 | |
| Take profit | 140 | Take profit distance |
| Stop loss | 70 | Stop loss distance |
| N virtual | 3 | |
| Lots 1 | 0.1 | |
| Lots 2 | 0.2 | |
| Lots 3 | 0.3 | |
| Lots 4 | 0.4 | |
| Lots 5 | 0.5 | |
| Lots 6 | 0.6 | |
| Lots 7 | 0.7 | |
| Lots 8 | 0.8 | |
| Lots 9 | 0.9 | |
| Lots 10 | 1.0 | |
| S1 | ||
| Period | 360 | Period or timeframe used by the calculation |
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: Pending Orders · Trailing Stop & Break-even · Bollinger Bands · MT4 Expert Advisor · MQL4 Source Code