FX Meter V5
FX Meter V5 — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. As the name suggests, the idea behind it is currency strength across pairs. This copy is version 5. Its source code uses RSI, moving averages and an oscillator. It moves the stop behind price, can size trades from your risk and handles several symbols. It has 40 settings, for example Indicator1 (default Moving Average 1), Indi1 Weightage (default 10.0) and Method Desc1 (default 0: SMA | 1: EMA | 2: SMM). Watch it on a demo account for a while — robots can behave differently with each broker. Inside: 5 indicator files with source code (.mq4) you can open and edit in MetaEditor and a PDF guide. 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 · v5 · Free
About FX Meter V5
FX Meter V5 is an expert advisor (trading robot) for MetaTrader 4 based on RSI, Moving Average and Oscillator. It moves the stop loss behind price (trailing stop / break-even), can size trades from your balance and risk percent and works on several symbols at once. It has 40 settings, such as Indicator1, Indi1 weightage and Method desc1. MQL source code included.
Files in the download: AUTO-TREND-LINE.ex4, CM5-METER.mq4, cm5-meter.tpl, CM5-ROBOT.mq4, CM5-TREND.mq4, Laguerre.ex4, THE CM5 MANUAL TRADING SYSTEM.pdf.
Trading robots can lose money. Check every setting and test on a demo account before using real funds.
Settings
| Setting | Default | What it does |
|---|---|---|
| Indicator1 | Moving Average 1 | |
| Indi1 weightage | 10.0 | |
| Method desc1 | 0: SMA | 1: EMA | 2: SMMA | 3: LWMA | |
| Ma1 method | 1 | |
| Ma1 applied price | 0 | |
| Ma1 timeframe | 60 | Period or timeframe used by the calculation |
| Ma1 period | 21 | Period or timeframe used by the calculation |
| Ma1 shift | 0 | Bar shift (0 = current bar) |
| Indicator2 | Moving Average 2 | |
| Indi2 weightage | 20.0 | |
| Method desc2 | 0: SMA | 1: EMA | 2: SMMA | 3: LWMA | |
| Ma2 method | 1 | |
| Ma2 applied price | 0 | |
| Ma2 timeframe | 240 | Period or timeframe used by the calculation |
| Ma2 period | 21 | Period or timeframe used by the calculation |
| Ma2 shift | 0 | Bar shift (0 = current bar) |
| Indicator3 | Relative Strength Index | |
| Indi3 weightage | 5.0 | |
| Rsi applied price | 0 | |
| Rsi timeframe | 60 | Period or timeframe used by the calculation |
| Rsi period | 21 | Period or timeframe used by the calculation |
| Rsi shift | 0 | Bar shift (0 = current bar) |
| Indicator4 | Williams Percent Range | |
| Indi4 weightage | 10.0 | |
| William timeframe | 60 | Period or timeframe used by the calculation |
| William period | 60.0 | Period or timeframe used by the calculation |
| William shift | 0 | Bar shift (0 = current bar) |
| Indicator5 | Laguerre | |
| Indi5 weightage | 10.0 | |
| Laguerre timeframe | 60 | Period or timeframe used by the calculation |
| Laguerre gamma | 0.7 | |
| Laguerre count bars | 50 | |
| Sound alert send email | FALSE | Turn this alert on or off |
| Remark1 | == Main Settings == | |
| Magic number | 5000 | Magic number that tells this EA's orders apart |
| Signals only | FALSE | |
| Alerts | FALSE | Turn this alert on or off |
| Signal mail | FALSE | |
| Play sounds | FALSE | Turn this alert on or off |
| Each tick mode | TRUE |
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 · Risk & Lot Size · Multi-Currency · RSI · Moving Average · Oscillator · MT4 Indicator · MQL4 Source Code