Channelling + Elliot Ind
Channelling + Elliot Ind — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. It can size trades from your risk. It has 4 settings, for example Show Ord History (default true), Depth (default 100) and Deviation (default 5). Run it in the Strategy Tester and then on a demo account to see how it opens and closes trades. Inside: 10 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 Channelling + Elliot Ind
Channelling + Elliot Ind is an expert advisor (trading robot) for MetaTrader 4. It can size trades from your balance and risk percent. It has 4 settings, such as Show ord history, Depth and Deviation. MQL source code included.
Files in the download: Channelling + Elliot Ind\Chanelling SDC.ex4, Channelling + Elliot Ind\Eliott+fibo indicator.ex4, Channelling + Elliot Ind\Channelling + Elliot Ind\Chanelling SDC.ex4, Channelling + Elliot Ind\Channelling + Elliot Ind\Eliott+fibo indicator.ex4, Channelling + Elliot Ind\Trader Panel\TradePanel.mq4, Channelling + Elliot Ind\Trader Panel\mql4\Sounds\buy.wav, Channelling + Elliot Ind\Trader Panel\mql4\Sounds\close.wav, Channelling + Elliot Ind\Trader Panel\mql4\Sounds\error.wav ….
Trading robots can lose money. Check every setting and test on a demo account before using real funds.
Settings
| Setting | Default | What it does |
|---|---|---|
| Show ord history | true | ShowOrderHistory |
| Depth | 100 | |
| Deviation | 5 | |
| Backstep | 3 | Distance between orders |
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 Indicator · MQL4 Source Code