Contrarian Trade MA
Contrarian Trade MA is an expert advisor (trading robot) for MetaTrader 4 from the Old Kings collection. As the name suggests, the idea behind it is moving averages. Its source code uses moving averages. It can size trades from your risk. It has 4 settings, for example Lots (default 0.5), Calc Period (default 4) and MAPeriod (default 7). 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 Contrarian Trade MA
Contrarian Trade MA is an expert advisor (trading robot) for MetaTrader 4 based on Moving Average. It can size trades from your balance and risk percent. It has 4 settings, such as Lots, Calc period and Ma period. MQL source code included.
Files in the download: Contrarian_trade_MA.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 |
|---|---|---|
| Lots | 0.5 | Trade size in lots |
| Calc period | 4 | Period or timeframe used by the calculation |
| Ma period | 7 | Period or timeframe used by the calculation |
| Stop loss | 300 | Stop loss distance |
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: Moving Average · Risk & Lot Size · MT4 Expert Advisor · MQL4 Source Code