Diamond Ea
Diamond Ea is an expert advisor (trading robot) for MetaTrader 4 from the Old Kings collection. Its source code uses RSI, moving averages and Parabolic SAR. It can hold buy and sell positions together, has a trading-hours filter and can size trades from your risk. It has 20 settings, for example Magic Number (default 100), Lots (default 0.01) and Take Profit (default 45.0). Before any live use, test it on a demo account and check its lot size, stop loss and trading hours. Inside: 2 EA 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 Diamond Ea
Diamond Ea is an expert advisor (trading robot) for MetaTrader 4 based on RSI, Moving Average and Parabolic SAR. It can hold buy and sell positions at the same time (hedging), trades only in the hours you set (time filter) and can size trades from your balance and risk percent. It has 20 settings, such as Magic number, Lots and Take profit. MQL source code included.
Files in the download: Diamond.ex4, Diamond.mq4, protect.dll.
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 number | 100 | Magic number that tells this EA's orders apart |
| Lots | 0.01 | Trade size in lots |
| Take profit | 45.0 | Take profit distance |
| Mult | 1.7 | |
| Starter pips | 32 | |
| Max buys | 8 | |
| Max sells | 8 | |
| Allowi stop loss | TRUE | Stop loss distance |
| I stop loss | 250 | Stop loss distance |
| Begin hour | 0 | Hour when trading starts (server time) |
| Begin minute | 0 | Hour when trading starts (server time) |
| End hour | 23 | Hour when trading stops (server time) |
| End minute | 55 | |
| Slippage | 3 | Maximum slippage allowed when opening a trade |
| Stop loss pct | 100.0 | Stop loss distance |
| Take profit pct | 100.0 | Take profit distance |
| Pause new trades | FALSE | |
| Stopped out pause | 600 | |
| Mass hedge booster | 1.01 | |
| Trades deep | 5 |
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: Hedging · Time Filter · Risk & Lot Size · RSI · Moving Average · Parabolic SAR · MT4 Expert Advisor · MQL4 Source Code