Dragonpips
Dragonpips is an expert advisor (trading robot) for MetaTrader 4 from the Old Kings collection. Its source code uses RSI, moving averages and Bollinger Bands. It places pending orders, has a trading-hours filter and can size trades from your risk. It has 14 settings, for example Owner (default Forum Tercinta), Trading Time (default -- Fxopen 23-1 Insta 24-) and Open Hour (default 22). 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 Dragonpips
Dragonpips is an expert advisor (trading robot) for MetaTrader 4 based on RSI, Moving Average and Bollinger Bands. It places pending buy/sell stop or limit orders, trades only in the hours you set (time filter) and can size trades from your balance and risk percent. It has 14 settings, such as Owner, Trading time and Open hour. MQL source code included.
Files in the download: Dragonpips Installation.doc, Dragonpips.mq4, setting.txt.
Trading robots can lose money. Check every setting and test on a demo account before using real funds.
Settings
| Setting | Default | What it does |
|---|---|---|
| Owner | Forum Tercinta | |
| Trading time | -- Fxopen 23-1 Insta 24-2 Tadawulfx 22-2 | |
| Open hour | 22 | |
| Close hour | 4 | |
| Lots | 0.1 | Trade size in lots |
| Max lots | 100.0 | |
| Lots optimized info | -- False if your balance under $1000 sta | |
| Lots optimized | TRUE | |
| Lot decimal info | Insta or Ibfx set to 2 | |
| Lot decimal | 1 | |
| Risk | 50 | Risk per trade (percent of balance) |
| Max trades | 5 | Maximum number of open trades |
| Broker spread | -- Set spread not over than 4 -- | Maximum spread allowed to trade |
| Spread | 3.0 | Maximum spread allowed to trade |
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: Pending Orders · Time Filter · Risk & Lot Size · RSI · Moving Average · Bollinger Bands · MT4 Expert Advisor · MQL4 Source Code