Fisherman
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called Fisherman. In the code it works with the Stochastic oscillator. It places pending orders and can size trades from your risk. It has 9 settings, for example t (default Fixed Lot OR if Lot_size), Lot size (default 0.0) and Risk percent (default 5). 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 Fisherman
Fisherman is an expert advisor (trading robot) for MetaTrader 4 based on Stochastic. It places pending buy/sell stop or limit orders and can size trades from your balance and risk percent. It has 9 settings, such as T, Lot size and Risk percent. MQL source code included.
Files in the download: Fisherman.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 |
|---|---|---|
| T | Fixed Lot OR if Lot_size=0 >> AutoLot wi | |
| Lot size | 0.0 | |
| Risk percent | 5 | Risk per trade (percent of balance) |
| Distance | 50 | Distance between orders |
| T1 | Indicator Params | |
| K | 5 | |
| D | 3 | |
| S | 3 | |
| Length | 10 |
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 · Stochastic · MT4 Expert Advisor · MQL4 Source Code