Fo Zo System 5
Fo Zo System 5 is an expert advisor (trading robot) for MetaTrader 4 from the Old Kings collection. It can size trades from your risk. It has 6 settings, for example Risk (default 1), Exponenta (default 1.3) and TPproc (default 0.2). Before any live use, test it on a demo account and check its lot size, stop loss and trading hours. 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 Fo Zo System 5
Fo Zo System 5 is an expert advisor (trading robot) for MetaTrader 4. It can size trades from your balance and risk percent. It has 6 settings, such as Risk, Exponenta and T pproc. MQL source code included.
Files in the download: FoZo System.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 |
|---|---|---|
| Risk | 1 | // |
| Exponenta | 1.3 | How much the lot size grows after a loss |
| T pproc | 0.2 | |
| Step | 5 | Distance between orders |
| N | 100 | |
| Magic | 2017 | Magic number that tells this EA's orders apart |
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: Risk & Lot Size · MT4 Expert Advisor · MQL4 Source Code