Forex Expertv2
Forex Expertv2 is an expert advisor (trading robot) for MetaTrader 4 from the Old Kings collection. Its source code uses MACD, RSI and the Stochastic oscillator. It moves the stop behind price, has a trading-hours filter and can size trades from your risk. It has 23 settings, for example Expert1 (default === Time Management ===), Use Time Mgmt (default FALSE) and Trade Start Hour (default 0). 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 Forex Expertv2
Forex Expertv2 is an expert advisor (trading robot) for MetaTrader 4 based on MACD, RSI and Stochastic. It moves the stop loss behind price (trailing stop / break-even), trades only in the hours you set (time filter) and can size trades from your balance and risk percent. It has 23 settings, such as Expert1, Use time mgmt and Trade start hour. MQL source code included.
Files in the download: Forex_Expertv2.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 |
|---|---|---|
| Expert1 | === Time Management === | |
| Use time mgmt | FALSE | |
| Trade start hour | 0 | Hour when trading starts (server time) |
| Trade start minutes | 0 | |
| Trade end hour | 23 | Hour when trading stops (server time) |
| Trade end minutes | 0 | |
| Expert2 | === Trading Management === | |
| MM | FALSE | |
| Risk percent | 10.0 | Risk per trade (percent of balance) |
| Lot size | 0.01 | Trade size in lots |
| Max lot size | 100.0 | |
| Max order | 1 | |
| Stop time | 0.0 | |
| Take profit | 25.0 | Take profit distance |
| Stop loss | 350.0 | Stop loss distance |
| Slippage | 3.0 | Maximum slippage allowed when opening a trade |
| Trailing stop | 0.0 | Trailing stop distance or switch |
| Trailing profit | FALSE | Trailing stop distance or switch |
| Trailing pips | 1 | Trailing stop distance or switch |
| Profit protection | FALSE | |
| Protect all | FALSE | |
| Percent over balance | 10.0 | |
| Balance protection | FALSE |
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 · Time Filter · Risk & Lot Size · MACD · RSI · Stochastic · MT4 Expert Advisor · MQL4 Source Code