FT Scalp Parabolic 2009
FT Scalp Parabolic 2009 is an expert advisor (trading robot) for MetaTrader 4 from the Old Kings collection. As the name suggests, the idea behind it is Parabolic SAR and short scalping trades. It can hold buy and sell positions together, places pending orders and moves the stop behind price. It has 26 settings, for example Lots (default 0.1), Risk Management (default true) and Risk Percent (default 30). Watch it on a demo account for a while — robots can behave differently with each broker. Inside: 3 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 FT Scalp Parabolic 2009
FT Scalp Parabolic 2009 is an expert advisor (trading robot) for MetaTrader 4. It can hold buy and sell positions at the same time (hedging), places pending buy/sell stop or limit orders and moves the stop loss behind price (trailing stop / break-even). It has 26 settings, such as Lots, Risk management and Risk percent. MQL source code included.
It also trades only in the hours you set (time filter), can size trades from your balance and risk percent and is built for short scalping trades.
Files in the download: FT_Scalp-Parabolic-MM-v1.2-2009.mq4, FT_Scalp-Parabolic-MM-v1.3.mq4, FT_Scalp-Parabolic-MM-v1.4.mq4, FT_‘ª «8¯-Parabolic.gif.
Trading robots can lose money. Check every setting and test on a demo account before using real funds.
Settings
| Setting | Default | What it does |
|---|---|---|
| Lots | 0.1 | lots |
| Risk management | true | money management |
| Risk percent | 30 | risk in percentage |
| Timecontrol | 1 | 1 - , 0 - . |
| Starttime | 1 | |
| Stoptime | 5 | |
| Bbu size | 10 | |
| Sl margin | 0 | added to TP |
| Tp margin | 0 | added to SL |
| Trailing stop | 60 | Trailing stop distance or switch |
| Trailing shag | 2 | Trailing stop distance or switch |
| Stepfast | 0.017 | Distance between orders |
| Maximumfast | 0.34 | |
| Stepslow | 0.007 | Distance between orders |
| Maximumslow | 0.034 | |
| Barsearch | 3 | |
| Otstup | 170 | |
| Ur1 | 46 | |
| Ur2 | 126 | |
| Expiration | 0 | min |
| Hedge | false | |
| Reverse | true | |
| Magic | 2009 | Magic number that tells this EA's orders apart |
| Max orders | 4 | Maximum number of open trades |
| Dellimtorder | true | |
| Hourdelord | 7 |
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 · Parabolic SAR · Hedging · Pending Orders · Trailing Stop & Break-even · Time Filter · Risk & Lot Size · MT4 Expert Advisor · MQL4 Source Code