Extrem Bar V1.1
From the Old Kings archive: Extrem Bar V1.1, an expert advisor (trading robot) for MetaTrader 4. The file name marks it as version 1.1. In the code it works with moving averages. It raises the lot size after losses (martingale — high risk), places pending orders and can size trades from your risk. It has 40 settings, for example R (default --- ---), r (default true - , false - ) and Exit mode (default TRUE). Run it in the Strategy Tester and then on a demo account to see how it opens and closes trades. Inside: 2 EA files with source code (.mq4) you can open and edit in MetaEditor and 10 settings files (.set). 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 · v1.1 · Free
About Extrem Bar V1.1
Extrem Bar V1.1 is an expert advisor (trading robot) for MetaTrader 4 based on Moving Average. It increases the lot size after a losing trade (martingale), places pending buy/sell stop or limit orders and can size trades from your balance and risk percent. It has 40 settings, such as R, R and Exit mode. MQL source code included.
Files in the download: Extrem-Bar-v1.1\Extrem-Bar-v1.1\experts\Extrem Bar v.1.1~.ex4, Extrem-Bar-v1.1\Extrem-Bar-v1.1\experts\Extrem Bar v.1.1~.mq4, Extrem-Bar-v1.1\Extrem-Bar-v1.1\set\Extrem Bar_v.1.1_M5_audusd_univ.set, Extrem-Bar-v1.1\Extrem-Bar-v1.1\set\Extrem Bar_v.1.1_M5_eurchf_univ.set, Extrem-Bar-v1.1\Extrem-Bar-v1.1\set\Extrem Bar_v.1.1_M5_eurgbp_univ.set, Extrem-Bar-v1.1\Extrem-Bar-v1.1\set\Extrem Bar_v.1.1_M5_eurjpy_univ.set, Extrem-Bar-v1.1\Extrem-Bar-v1.1\set\Extrem Bar_v.1.1_M5_eurusd_univ.set, Extrem-Bar-v1.1\Extrem-Bar-v1.1\set\Extrem Bar_v.1.1_M5_gbpusd_univ.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 |
|---|---|---|
| R | --- --- | |
| R | true - , false - | |
| Exit mode | TRUE | |
| L | --- --- | |
| Lot const or not | FALSE | |
| Risk percent | 5.0 | Risk per trade (percent of balance) |
| Lot | 0.1 | Trade size in lots |
| Max l | 0.0 | |
| Lot multiplicator | 1.667 | How much the lot size grows after a loss |
| N lot mult | 2 | |
| ____ | --- --- | |
| Step | 10 | Distance between orders |
| Uvel step | 3 | Distance between orders |
| Shag uvel step | 10 | Distance between orders |
| Close setup blok | --- --- | |
| Mode close orders | 2 | |
| Take profit | 30 | Take profit distance |
| Protection tp | 5 | |
| Tralling stop | 5 | |
| Ms | --- --- | |
| Ms | --- (0 - 7) | |
| Signal tipe | 0 | |
| N bar | 21 | |
| Sdwig bar | 7 | |
| Period bars | 20 | Number of bars in the calculation |
| Extr sign point | 10 | |
| Off ma h4 | FALSE | |
| Mode ma | 1 | |
| Tf for ma | 5 | |
| Period ma | 14 | Number of bars in the calculation |
| Restriction | --- - --- | |
| Buy sell summ | TRUE | |
| Max trades | 18 | Maximum number of open trades |
| Min proc sv sr | 0.0 | |
| Mode sl inst | 0 | |
| Percent sl | 40.0 | |
| Profit restriktion | --- %- --- | |
| Mode enable otboy | 2 | |
| N day prof | 7 | |
| Percent prof from otboy | 40.0 |
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: Martingale · Pending Orders · Risk & Lot Size · Moving Average · MT4 Expert Advisor · MQL4 Source Code