Icwr1.17
Icwr1.17 — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. Its source code uses RSI and ADX. It moves the stop behind price and can size trades from your risk. It has 5 settings, for example Stop Loss (default 0), Maximum Risk (default 0.02) and Decrease Factor (default 3). 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 Icwr1.17
Icwr1.17 is an expert advisor (trading robot) for MetaTrader 4 based on RSI and ADX. It moves the stop loss behind price (trailing stop / break-even) and can size trades from your balance and risk percent. It has 5 settings, such as Stop loss, Maximum risk and Decrease factor. MQL source code included.
Files in the download: icwr1.17.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 |
|---|---|---|
| Stop loss | 0 | if zero, 5m/240m defaults apply |
| Maximum risk | 0.02 | %account balance to risk per position |
| Decrease factor | 3 | lot size divisor(reducer) during loss streak |
| Magic | 69 | Magic number that tells this EA's orders apart |
| Comment | m icwr.17a | Comment written on the orders |
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 · RSI · ADX · MT4 Expert Advisor · MQL4 Source Code