Forex Amerobot Edu
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called Forex Amerobot Edu. In the code it works with ZigZag. It places pending orders and can size trades from your risk. It has 9 settings, for example Lot (default 0.1), Money Management (default FALSE) and Max Risk (default 2.0). Watch it on a demo account for a while — robots can behave differently with each broker. Inside: 6 EA files with source code (.mq4) you can open and edit in MetaEditor and a PDF guide. 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 Forex Amerobot Edu
Forex Amerobot Edu is an expert advisor (trading robot) for MetaTrader 4 based on ZigZag. 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 Lot, Money management and Max risk. MQL source code included.
Files in the download: forex_amerobot_m15.ex4, forex_amerobot_m15_decompiled.mq4, forex_amerobot_m15_educated.mq4, forex_amerobot_m30.ex4, forex_amerobot_m30_decompiled.mq4, forex_amerobot_m30_educated.mq4, forex_amerobot_users_guide.pdf.
Trading robots can lose money. Check every setting and test on a demo account before using real funds.
Settings
| Setting | Default | What it does |
|---|---|---|
| Lot | 0.1 | Trade size in lots |
| Money management | FALSE | |
| Max risk | 2.0 | Risk per trade (percent of balance) |
| Buy profit | 110 | |
| Buy loss | 50 | |
| Sell profit | 65 | |
| Sell loss | 50 | |
| Magic 1 | 101168 | Magic number that tells this EA's orders apart |
| Magic 2 | 101169 | 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: Pending Orders · Risk & Lot Size · ZigZag · MT4 Expert Advisor · MQL4 Source Code