Dracula Forex Robot V II
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called Dracula Forex Robot V II. It raises the lot size after losses (martingale — high risk), can hold buy and sell positions together and places pending orders. It has 40 settings, for example custom balance (default FALSE), balance (default 10000.0) and ema filter (default FALSE). 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 Dracula Forex Robot V II
Dracula Forex Robot V II is an expert advisor (trading robot) for MetaTrader 4. It increases the lot size after a losing trade (martingale), can hold buy and sell positions at the same time (hedging) and places pending buy/sell stop or limit orders. It has 40 settings, such as Custom balance, Balance and Ema filter. MQL source code included.
It also moves the stop loss behind price (trailing stop / break-even), trades only in the hours you set (time filter) and can size trades from your balance and risk percent.
Files in the download: Dracula Forex Robot V _II.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 |
|---|---|---|
| Custom balance | FALSE | |
| Balance | 10000.0 | |
| Ema filter | FALSE | |
| Ema period | 60 | Period or timeframe used by the calculation |
| Ema tf | 5 | |
| Auto tf settings | FALSE | |
| Auto trade at cross | TRUE | |
| Trade at the cross only | FALSE | |
| Parabolic sar | //////parabolic stop and reverse//////// | |
| Open with tc | TRUE | |
| Close with tc | FALSE | |
| Use tc hedge | TRUE | |
| Psar | 0.003 | |
| Max | 0.2 | |
| Time frame for signal | 30 | Period or timeframe used by the calculation |
| Parabolic sar 2 | second parabolic stop and reverse/////// | |
| Open with tc2 | TRUE | |
| Close with tc2 | FALSE | |
| Use tc2 hedge | FALSE | |
| Psar2 | 0.06 | |
| Max2 | 0.2 | |
| Time frame for signal2 | 5 | Period or timeframe used by the calculation |
| Reverse second tc entry | TRUE | |
| Reverse second tc exits | TRUE | |
| Money management | settings//////////////////////////////// | |
| Manage all trades | TRUE | |
| Maximum risk | 1.0 | Risk per trade (percent of balance) |
| Lots | 0.01 | Trade size in lots |
| Use martingale | FALSE | |
| Multiplier | 20.0 | How much the lot size grows after a loss |
| Max lots allowed | 50.0 | |
| Mm calculation | 10000 | |
| Max trades | 1000 | Maximum number of open trades |
| Limit longs | 1000 | |
| Limit shorts | 1000 | |
| Close trades limit | TRUE | |
| Limit | 1000 | |
| Double the hedge | TRUE | |
| Hedge plus | 1.0 | |
| Dis dbl hedge | FALSE |
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: Martingale · Hedging · Pending Orders · Trailing Stop & Break-even · Time Filter · Risk & Lot Size · MT4 Expert Advisor · MQL4 Source Code