Divergence Food Supplier 4
Divergence Food Supplier 4 — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. As the name suggests, the idea behind it is divergence between price and an oscillator. Its source code uses moving averages. It places pending orders, moves the stop behind price and can size trades from your risk. It has 11 settings, for example Lots (default 0.10), Fast Period (default 7) and Slow Period (default 88). 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 · v1.0 · Free
About Divergence Food Supplier 4
Divergence Food Supplier 4 is an expert advisor (trading robot) for MetaTrader 4 based on Moving Average. It places pending buy/sell stop or limit orders, moves the stop loss behind price (trailing stop / break-even) and can size trades from your balance and risk percent. It has 11 settings, such as Lots, Fast period and Slow period. MQL source code included.
Files in the download: divergence_food_supplier(1).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 | 0.10 | how many lots to trade at a time |
| Fast period | 7 | Period or timeframe used by the calculation |
| Slow period | 88 | Period or timeframe used by the calculation |
| Dv buy sell | 0.0011 | |
| Dv stay out | 0.0073 | |
| Profit made | 20 | how much money do you expect to make |
| Loss limit | 115 | how much loss can you tolorate |
| Trail stop | 9999 | trailing stop (999=no trailing stop) |
| Pl break even | 9999 | set break even when this many pips are made (999=off) |
| Basket profit | 10 | if equity reaches this level, close trades |
| Basket loss | 9999 | if equity reaches this negative level, close trades |
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: Divergence · Pending Orders · Trailing Stop & Break-even · Risk & Lot Size · Moving Average · MT4 Expert Advisor · MQL4 Source Code