Divergence Trader Ron MT4 V11
Divergence Trader Ron MT4 V11 — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. Its name points to divergence between price and an oscillator. This copy is version 11. Its source code uses moving averages. It places pending orders and moves the stop behind price. It has 7 settings, for example Lots (default 0.01), MA Period (default 88) and MA Price (default PRICE_OPEN). 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 · v11 · Free
About Divergence Trader Ron MT4 V11
Divergence Trader Ron MT4 V11 is an expert advisor (trading robot) for MetaTrader 4 based on Moving Average. It places pending buy/sell stop or limit orders and moves the stop loss behind price (trailing stop / break-even). It has 7 settings, such as Lots, Ma period and Ma price. MQL source code included.
Files in the download: [ea]DivergenceTrader_Ron_MT4_v11.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 | 0.01 | how many lots to trade at a time |
| Ma period | 88 | Period or timeframe used by the calculation |
| Ma price | PRICE_OPEN | |
| Ma mode | MODE_EMA | |
| Profit made | 20 | how much money do you expect to make |
| Loss limit | 115 | how much loss can you tolorate |
| Pl break even | 9999 | set break even when this many pips are made (999=off) |
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 · Moving Average · MT4 Expert Advisor · MQL4 Source Code