Forex Igor Range Trading System
Forex Igor Range Trading System is an expert advisor (trading robot) for MetaTrader 4 from the Old Kings collection. Its source code uses moving averages. It moves the stop behind price, has a trading-hours filter and can size trades from your risk. It has 8 settings, for example Daily Color (default Maroon), Daily Color1 (default DarkGreen) and Daily Color2 (default C'0,44,09'). Before any live use, test it on a demo account and check its lot size, stop loss and trading hours. Inside: 3 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 Igor Range Trading System
Forex Igor Range Trading System is an expert advisor (trading robot) for MetaTrader 4 based on Moving Average. 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 8 settings, such as Daily color, Daily color1 and Daily color2. MQL source code included.
It also works on several symbols at once.
Files in the download: (T_S_R)-Daily Range Display#4.mq4, (T_S_R)-DATA WINDOW.mq4, FxIgorSystem.mq4, installation manual.txt.
Trading robots can lose money. Check every setting and test on a demo account before using real funds.
Settings
| Setting | Default | What it does |
|---|---|---|
| Daily color | Maroon | Colour on the chart |
| Daily color1 | DarkGreen | Colour on the chart |
| Daily color2 | C'0,44,09' | Colour on the chart |
| Show tsr text | true | |
| Time zone of data | 0 | |
| Lots | 0.1 | Trade size in lots |
| Slippage | 2 | Maximum slippage allowed when opening a trade |
| Hourtoclose | 18 | default 18 alpari, 17 Northfinance, 17 FXDD, 14 IBFX |
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 · Multi-Currency · Moving Average · MT4 Indicator · MQL4 Source Code