Farhad
Farhad — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. Its source code uses MACD, the Stochastic oscillator, moving averages and Parabolic SAR. It moves the stop behind price and can size trades from your risk. It has 7 settings, for example lots (default 0.1), trailing Stop (default 15) and take Profit (default 20). Watch it on a demo account for a while — robots can behave differently with each broker. 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 Farhad
Farhad is an expert advisor (trading robot) for MetaTrader 4 based on MACD, Stochastic, Moving Average and Parabolic SAR. It moves the stop loss behind price (trailing stop / break-even) and can size trades from your balance and risk percent. It has 7 settings, such as Lots, Trailing stop and Take profit. MQL source code included.
Files in the download: Farhad.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 |
|---|---|---|
| Lots | 0.1 | you can change the lot but be aware of margin. Its better to trade with 1/4 of your capital. |
| Trailing stop | 15 | trail stop in points |
| Take profit | 20 | recomended no more than 20 |
| Stop loss | 0 | do not use s/l at all. Take it easy man. I'll guarantee your profit :) |
| Slippage | 3 | Could be higher with some brokers |
| Name ea | Farhad | To "easy read" which EA place an specific order and remember me forever :) |
| Magic ea | 110 | Magic EA identifier. Allows for several co-existing EA with different input values |
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: Trailing Stop & Break-even · Risk & Lot Size · MACD · Stochastic · Moving Average · Parabolic SAR · MT4 Expert Advisor · MQL4 Source Code