Forex Arbitrates Plus
From the Old Kings archive: Forex Arbitrates Plus, an expert advisor (trading robot) for MetaTrader 4. In the code it works with MACD, RSI, the Stochastic oscillator and ADX. It moves the stop behind price and can size trades from your risk. It has 12 settings, for example Take Profit (default 0), Stop Loss (default 0) and Use Trailing Stop (default TRUE). Before any live use, test it on a demo account and check its lot size, stop loss and trading hours. Inside: 2 EA files with source code (.mq4) you can open and edit in MetaEditor, 1 settings file (.set) 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 Arbitrates Plus
Forex Arbitrates Plus is an expert advisor (trading robot) for MetaTrader 4 based on MACD, RSI, Stochastic and ADX. It moves the stop loss behind price (trailing stop / break-even) and can size trades from your balance and risk percent. It has 12 settings, such as Take profit, Stop loss and Use trailing stop. MQL source code included.
Files in the download: Forex Arbitrates Plus.ex4, Forex Arbitrates Plus.mq4, Forex Arbitrates Plus.pdf, arbitrates.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 |
|---|---|---|
| Take profit | 0 | Take profit distance |
| Stop loss | 0 | Stop loss distance |
| Use trailing stop | TRUE | Trailing stop distance or switch |
| Trailing stop | 0 | Trailing stop distance or switch |
| Lots | 1.0 | Trade size in lots |
| MM | TRUE | |
| Risk | 0.05 | Risk per trade (percent of balance) |
| Signal mail | FALSE | |
| Each tick mode | TRUE | |
| Slippage | 3 | Maximum slippage allowed when opening a trade |
| NFA | FALSE | |
| Magic number | 98098 | 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: Trailing Stop & Break-even · Risk & Lot Size · MACD · RSI · Stochastic · ADX · MT4 Expert Advisor · MQL4 Source Code