Forex Day Monster Trading System
Forex Day Monster Trading System is an expert advisor (trading robot) for MetaTrader 4 from the Old Kings collection. Its source code uses the Stochastic oscillator, moving averages, ADX and ATR. It can size trades from your risk and handles several symbols. It has 40 settings, for example Other Chart (default GBPUSD), Points (default 50) and Use Open (default TRUE). Run it in the Strategy Tester and then on a demo account to see how it opens and closes trades. Inside: 16 indicator files 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 Forex Day Monster Trading System
Forex Day Monster Trading System is an expert advisor (trading robot) for MetaTrader 4 based on Stochastic, Moving Average, ADX and ATR. It can size trades from your balance and risk percent and works on several symbols at once. It has 40 settings, such as Other chart, Points and Use open. MQL source code included.
Files in the download: CorrelationPair.mq4, EA_FDM_v1_1.mq4, EA_FDM_v2.0.mq4, FDM ADR.mq4, FDM Buy Sell Pressure #2.mq4, FDM Buy Sell Pressure.mq4, FDM Clock.mq4, FDM Entry Arrows with Alerts.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 |
|---|---|---|
| Other chart | GBPUSD | |
| Points | 50 | |
| Use open | TRUE | |
| Use close | FALSE | |
| Use high | FALSE | |
| Use low | FALSE | |
| Calc bars | 100 | |
| Active debug | FALSE | |
| Open hour | 8 | |
| Close hour | 19 | |
| Slippage | 3 | Maximum slippage allowed when opening a trade |
| Lots | 0.01 | Trade size in lots |
| Lots optimized | TRUE | |
| Risk | 2 | Risk per trade (percent of balance) |
| Max lots | 3 | |
| Magic number | 12345 | Magic number that tells this EA's orders apart |
| Stop loss | 80 | Stop loss distance |
| Take profit | 0 | Take profit distance |
| Hidden tpsl | FALSE | |
| Close on rules system | TRUE | |
| Distance from sr | 30 | Distance between orders |
| Flag exit rule system1 | TRUE | |
| Flag exit rule system2 | TRUE | |
| Flag exit rule system3 | TRUE | |
| Flag exit rule system4 | TRUE | |
| Flag exit rule system5 | TRUE | |
| Flag exit rule system6 | TRUE | |
| Flag exit rule system7 | TRUE | |
| Max bar after arrow | 8 | |
| List param1 | *** Parametri per indicatore di correlaz | |
| Use correlation | TRUE | |
| Perc correlation | 60 | |
| Type correlation | 2 | (1 = Correlazione a coppie; 2 = Correlazione assoluta) |
| C points | 50 | |
| C use open | TRUE | |
| C use close | FALSE | |
| C use high | FALSE | |
| C use low | FALSE | |
| C calc bars | 100 | |
| Risk to reward ratio | 3.0 | Risk per trade (percent of balance) |
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 · Multi-Currency · Stochastic · Moving Average · ADX · ATR · MT4 Indicator · MQL4 Source Code