Forex Regression Channel Variable Polynomial Degree Indicator
Forex Regression Channel Variable Polynomial Degree Indicator — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. As the name suggests, the idea behind it is price channels. It moves the stop behind price. It has 25 settings, for example tmp1 (default --- Trade params ---), Trade Time (default 3:00-21:20) and Lots (default 0.1). Before any live use, test it on a demo account and check its lot size, stop loss and trading hours. Inside: 2 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 Regression Channel Variable Polynomial Degree Indicator
Forex Regression Channel Variable Polynomial Degree Indicator is an expert advisor (trading robot) for MetaTrader 4. It moves the stop loss behind price (trailing stop / break-even). It has 25 settings, such as Tmp1, Trade time and Lots. MQL source code included.
Files in the download: e-Regr.mq4, i-Regr.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 |
|---|---|---|
| Tmp1 | --- Trade params --- | |
| Trade time | 3:00-21:20 | |
| Lots | 0.1 | Trade size in lots |
| Stop loss | 0 | Stop loss distance |
| Take profit | 0 | Take profit distance |
| Slippage | 3 | Maximum slippage allowed when opening a trade |
| Magic | 20080829 | Magic number that tells this EA's orders apart |
| Tmp2 | --- i-Regr --- | |
| Regr degree | 3 | |
| Regr kstd | 1.0 | |
| Regr bars | 250 | |
| Regr shift | 0 | Bar shift (0 = current bar) |
| Tmp3 | --- Trailing --- | |
| Trailing on | false | Trailing stop distance or switch |
| Trailing start | 30 | Trailing stop distance or switch |
| Trailing size | 30 | Trailing stop distance or switch |
| Tmp4 | --- Chart --- | |
| Cl buy | DodgerBlue | |
| Cl sell | Red | |
| Cl modify | Silver | |
| Cl close | Gold | |
| Degree | 3 | |
| Kstd | 2.0 | |
| Bars | 250 | |
| Shift | 0 | Bar shift (0 = current bar) |
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: Channels & Envelopes · Trailing Stop & Break-even · MT4 Indicator · MQL4 Source Code