Ele Ment 6.0
From the Old Kings archive: Ele Ment 6.0, an expert advisor (trading robot) for MetaTrader 4. In the code it works with MACD, moving averages and Bollinger Bands. It places pending orders and can size trades from your risk. It has 40 settings, for example Number Of Days (default 2), Asia Begin (default 01:00) and Asia End (default 10:00). Run it in the Strategy Tester and then on a demo account to see how it opens and closes trades. Inside: 5 indicator files 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 Ele Ment 6.0
Ele Ment 6.0 is an expert advisor (trading robot) for MetaTrader 4 based on MACD, Moving Average and Bollinger Bands. It places pending buy/sell stop or limit orders and can size trades from your balance and risk percent. It has 40 settings, such as Number of days, Asia begin and Asia end. MQL source code included.
Files in the download: EleMent 6.0 Professional - README!.xls, Dollaromania.com_sessions.mq4, EMI-1_Dollaromania.com.mq4, EMI-2_Dollaromania.com.mq4, EleMent (6.0).ex4, EleMent (6.0).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 |
|---|---|---|
| Number of days | 2 | |
| Asia begin | 01:00 | Hour when trading starts (server time) |
| Asia end | 10:00 | |
| Asia color | Goldenrod | Colour on the chart |
| Eur begin | 07:00 | Hour when trading starts (server time) |
| Eur end | 16:00 | |
| Eur color | Tan | Colour on the chart |
| Usa begin | 14:00 | Hour when trading starts (server time) |
| Usa end | 23:00 | |
| Usa color | Pink | Colour on the chart |
| Show price | TRUE | |
| Cl font | Blue | |
| Size font | 8 | |
| Off set | 10 | |
| Global settings | --==GLOBAL SETTINGS==-- | |
| Block id | 1 | |
| Take profit | 34 | Take profit distance |
| Stop loss | 116 | Stop loss distance |
| Step | 22 | Distance between orders |
| Lots | 0.1 | Trade size in lots |
| Money managment | 36 | |
| Block orders | 4 | |
| Block settings | --==BLOCK SETTINGS==-- | |
| Open block | TRUE | |
| Modify block | FALSE | |
| Orders settings | --==ORDERS SETTINGS==-- | |
| Limit orders | FALSE | |
| Micro lots | FALSE | |
| Maxi lots | FALSE | |
| FOD | FALSE | |
| Close settings | --==CLOSE SETTINGS==-- | |
| Close system | FALSE | |
| Close date | D'17.03.2007 18:30' | |
| Close minutes | 20 | |
| Close period | 5 | Period or timeframe used by the calculation |
| Sleep system | FALSE | |
| S time | D'17.08.2007 05:14' | |
| Sleep minutes | 600 | |
| Stop system | FALSE | |
| Stop seconds | 0 |
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 · Risk & Lot Size · MACD · Moving Average · Bollinger Bands · MT4 Indicator · MQL4 Source Code