Forex Nlma Bars Scalping Strategy
Forex Nlma Bars Scalping Strategy is an expert advisor (trading robot) for MetaTrader 4 from the Old Kings collection. Its name points to short scalping trades. It moves the stop behind price. It has 13 settings, for example Part Close ON (default false), Levels (default 10/20/5) and Percents (default 50/25/25). Before any live use, test it on a demo account and check its lot size, stop loss and trading hours. Inside: 10 EA 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 Nlma Bars Scalping Strategy
Forex Nlma Bars Scalping Strategy is an expert advisor (trading robot) for MetaTrader 4. It moves the stop loss behind price (trailing stop / break-even). It has 13 settings, such as Part close on, Levels and Percents. MQL source code included.
Files in the download: installation manual.txt, NLMA MTF with MACD.tpl, expert.mq4, #Signal_Bars_v9 .ex4, .DS_Store, 4BARS-MTF-NLMA 1.02.ex4, AutoPivotIndicator_ver5.ex4, fb.ex4 ….
Trading robots can lose money. Check every setting and test on a demo account before using real funds.
Settings
| Setting | Default | What it does |
|---|---|---|
| Part close on | false | |
| Levels | 10/20/5 | . , 10/20/5 10 , 20 5 . |
| Percents | 50/25/25 | ( "/") . . 1.0 , 50% - 0.5, 25% 1.0 - 0.3 0.2 |
| Slippage | 3 | Maximum slippage allowed when opening a trade |
| S0 | === Trailing === | |
| Trailing on | false | Trailing stop distance or switch |
| Trailing start profit | 30 | Trailing stop distance or switch |
| Trailing stop level | 30 | Trailing stop distance or switch |
| Trailing step | 1 | Trailing stop distance or switch |
| Trailing once | false | (). |
| S1 | === Tester === | |
| Tester buy | false | - Buy |
| Tester sell | false | - Sell |
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: Scalping · Trailing Stop & Break-even · MT4 Expert Advisor · MQL4 Source Code