FZ Arrow EA 2
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called FZ Arrow EA 2. As the name suggests, the idea behind it is buy / sell signals on the chart. It can size trades from your risk, has a news filter and is set up for scalping. It has 9 settings, for example Lot Procent (default 1), Max Loss Procent (default 0.5) and Step (default 1). Before any live use, test it on a demo account and check its lot size, stop loss and trading hours. Inside: 1 EA file 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 FZ Arrow EA 2
FZ Arrow EA 2 is an expert advisor (trading robot) for MetaTrader 4. It can size trades from your balance and risk percent, has a news filter and is built for short scalping trades. It has 9 settings, such as Lot procent, Max loss procent and Step. MQL source code included.
Files in the download: FZ ARROW EA 2.mq4.
Trading robots can lose money. Check every setting and test on a demo account before using real funds.
Settings
| Setting | Default | What it does |
|---|---|---|
| Lot procent | 1 | Лот в % от баланса |
| Max loss procent | 0.5 | Максимально допустимый убыток |
| Step | 1 | Минимальный шаг |
| Tp | 5 | Take profit distance |
| Go lot | 1 | Степень увеличения лота |
| Filtr | 0 | Фильтр сигналов. Чем больше значение тем точнее сигналы |
| Count bars | 200 | |
| New signal | true | Включить новые ордера только при новом сигнале? |
| Magic | 1234 | Маркер |
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: Buy/Sell Arrows · Risk & Lot Size · News Trading · Scalping · MT4 Expert Advisor · MQL4 Source Code