EF Star EA3.1 FullB Roco
EF Star EA3.1 FullB Roco — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. Its source code uses RSI and moving averages. It has a trading-hours filter and can size trades from your risk. It has 40 settings, for example Magic (default 411), Trade Parameters (default ----------Simple trade p) and Hour Start Trade (default 22). Before any live use, test it on a demo account and check its lot size, stop loss and trading hours. Inside: 3 EA files with source code (.mq4) you can open and edit in MetaEditor, 5 settings files (.set) and a PDF guide. 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 EF Star EA3.1 FullB Roco
EF Star EA3.1 FullB Roco is an expert advisor (trading robot) for MetaTrader 4 based on RSI and Moving Average. It trades only in the hours you set (time filter) and can size trades from your balance and risk percent. It has 40 settings, such as Magic, Trade parameters and Hour start trade. MQL source code included.
Files in the download: CRE185.tmp, Enterra Forex Star EA 3.1 eng.mq4, Enterra Forex Star EA 3.1 rus.mq4, Enterra Forex Star EA 3.1.ex4, Enterra Forex Star EA 3.1.pdf, eurcad morning.set, eurcad night.set, eurgbp night.set ….
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 | 411 | Unique number for program defining the trades opened with this EA |
| Trade parameters | ----------Simple trade parameters------- | |
| Hour start trade | 22 | The hour of simple trade start |
| Minute start trade | 20 | The minute of simple trade start |
| Hour stop trade | 0 | The hour of simple trade close |
| Minute stop trade | 59 | The minute of simple trade close |
| Stop loss | 35.0 | Stop/loss parameter in points for orders opened during simple trade session |
| Take profit | 10.0 | Take/profit parameter in points for orders opened during simple trade session |
| Lot | 0.1 | Lot parameter for orders opened during simple trade session |
| Operation parameters | ----------Operations parameters--------- | |
| Max spread | 2 | Maximum allowed spread for opening the orders |
| Requote attempts | 3 | The number of attempts for trade execution (in case of requotes, connection break, engaged trade cha |
| Capital parameters | ----------Capital managing---------- | |
| Limit per deal lost | 5 | Minimal number of loss points for a trade to prohibit further trade of the same type |
| Lots parameters | ----------Lot defining---------- | |
| Use mm | true | Using of extending lot |
| Lots percent | 10 | The percent of the capital used for lot defining |
| Means comm1 | ----------Extended parameters---------- | |
| Means comm2 | MeansType: 1 - Balance, 2 - Equity, 3 - | |
| Means type | 1 | The type of the means used for lot size calculation. 1 - Balance, 2 - Equity, 3 - FreeMargin |
| Lots digits | 1 | The number of digits after comma |
| Max lot | 5 | Maximum lot |
| Min lot | 0.1 | Minimal lot |
| Safity parameters | ----------Safety---------- | |
| Return chanel width | 10 | RSI 15 channel width to suite the value back again after opening the order to allow |
| Channel width | 2 | The minimal distance between the price and SMA 15 to open the trade if having the signal |
| Filter parameters | ----------Filter parameter---------- | |
| First barrier | 0 | The first barrier value in points |
| Second barrier | 0 | The second barrier value in points |
| Third barrier | 2 | The third barrier value in points |
| Forth barrier | 1 | The fourth barrier value in points |
| Five barrier | 4 | The fifth barrier value in points |
| Six barrier | 2 | The sixth barrier value in points |
| First barrier minute | 40 | The time in minutes from the order opening to activate the first barrier |
| Second barrier minute | 60 | The time in minutes from the order opening to activate the second barrier |
| Third barrier minute | 110 | The time in minutes from the order opening to activate the third barrier |
| Forth barrier minute | 140 | The time in minutes from the order opening to activate the fourth barrier |
| Five barrier minute | 150 | The time in minutes from the order opening to activate the fifth barrier |
| Six barrier minute | 180 | The time in minutes from the order opening to activate the sixth barrier |
| Trade on monday | true | Should the EA trade on Monday |
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: Time Filter · Risk & Lot Size · RSI · Moving Average · MT4 Expert Advisor · MQL4 Source Code