Chameleon 2008
Chameleon 2008 is an expert advisor (trading robot) for MetaTrader 4 from the Old Kings collection. It raises the lot size after losses (martingale — high risk), can hold buy and sell positions together and places pending orders. It has 40 settings, for example RENEGADEFX (default ------RENEGADE FX.COM---), Display Info (default TRUE) and TRADING Options (default --- TRADING LOGIC OPTION). Run it in the Strategy Tester and then on a demo account to see how it opens and closes trades. 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 Chameleon 2008
Chameleon 2008 is an expert advisor (trading robot) for MetaTrader 4. It increases the lot size after a losing trade (martingale), can hold buy and sell positions at the same time (hedging) and places pending buy/sell stop or limit orders. It has 40 settings, such as Renegadefx, Display info and Trading options. MQL source code included.
It also moves the stop loss behind price (trailing stop / break-even), can size trades from your balance and risk percent and trades breakouts.
Files in the download: Chameleon2008 FULL~.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 |
|---|---|---|
| Renegadefx | ------RENEGADE FX.COM------ | |
| Display info | TRUE | |
| Trading options | --- TRADING LOGIC OPTIONS --- | |
| Mole options | ---------MOLE OPTIONS-------- | |
| Enable mole logic | FALSE | |
| Enable mole close logic | TRUE | |
| Stop trade on reversal | TRUE | |
| Mole chart time frame | 1440 | Period or timeframe used by the calculation |
| Stork options | ---------STORK OPTIONS------- | |
| Enable stork logic | FALSE | |
| Tokyo express options | ----TOKYO EXPRESS OPTIONS---- | |
| Enable tokyo express logic | FALSE | |
| Magic numbers | --------MAGIC NUMBERS-------- | Magic number that tells this EA's orders apart |
| Magic number long | 111111 | Magic number that tells this EA's orders apart |
| Magic number shrt | 222222 | Magic number that tells this EA's orders apart |
| Equity magic number | 333333 | Magic number that tells this EA's orders apart |
| Trading inputs | --- TRADING INPUTS --- | |
| Lots long | 0.01 | |
| Lots shrt | 0.01 | |
| Slippage | 3 | Maximum slippage allowed when opening a trade |
| Profit target long | 0 | |
| Profit target shrt | 0 | |
| Stop loss long | 0 | Stop loss distance |
| Stop loss shrt | 0 | Stop loss distance |
| Trailing start long | 0 | Trailing stop distance or switch |
| Trailing stop long | 0 | Trailing stop distance or switch |
| Trailing start shrt | 0 | Trailing stop distance or switch |
| Trailing stop shrt | 0 | Trailing stop distance or switch |
| Max trades long | 100 | Maximum number of open trades |
| Max trades shrt | 100 | Maximum number of open trades |
| Max trades | 200 | Maximum number of open trades |
| Directional filters | ---DIRECTIONAL FILTERS--- | |
| Only up or down long | FALSE | |
| Only up or down shrt | FALSE | |
| Rsi inputs | ----- RSI INPUTS ----- | |
| Shift | 0 | Bar shift (0 = current bar) |
| Rsi time frame long | 240 | Period or timeframe used by the calculation |
| Rsi periods long | 12 | Number of bars in the calculation |
| Rsi time frame shrt | 240 | Period or timeframe used by the calculation |
| Rsi periods shrt | 12 | Number of bars in 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: Martingale · Hedging · Pending Orders · Trailing Stop & Break-even · Risk & Lot Size · Breakout · MT4 Expert Advisor · MQL4 Source Code