Ilan RSI Pulse Slope
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called Ilan RSI Pulse Slope. As the name suggests, the idea behind it is the RSI oscillator (overbought / oversold zones). In the code it works with RSI and moving averages. It raises the lot size after losses (martingale — high risk), works with a grid of orders and places pending orders. It has 37 settings, for example A1 (default / (true) (false)), Open Close Trades (default True) and A2 (default ). Watch it on a demo account for a while — robots can behave differently with each broker. 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 Ilan RSI Pulse Slope
Ilan RSI Pulse Slope is an expert advisor (trading robot) for MetaTrader 4 based on RSI and Moving Average. It increases the lot size after a losing trade (martingale), opens a grid of orders at fixed price steps and places pending buy/sell stop or limit orders. It has 37 settings, such as A1, Open close trades and A2. MQL source code included.
It also can size trades from your balance and risk percent.
Files in the download: Ilan_RSI_Pulse_Slope_02.mq4, Pulse Slope.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 |
|---|---|---|
| A1 | / (true) (false) | |
| Open close trades | True | |
| A2 | ||
| Lots | 0.2 | Trade size in lots |
| A3 | ||
| Lot exponent | 1.5 | How much the lot size grows after a loss |
| A6 | ||
| Take profit | 10 | Take profit distance |
| Pip step | 10.0 | Distance between orders |
| Pip step2 | 10.0 | Distance between orders |
| Pip step3 | 10.0 | Distance between orders |
| Max trades | 3 | Maximum number of open trades |
| Max trades2 | 1 | Maximum number of open trades |
| A4 | ==== ======= | |
| Use slope | True | / |
| Fperiod | 400 | Period or timeframe used by the calculation |
| Method | 2 | |
| Price | 0 | |
| Use second slope | True | / |
| Fxperiod | 14 | Period or timeframe used by the calculation |
| Fxmethod | 2 | |
| Fxprice | 0 | |
| Rsi minimum | 30.0 | RSI |
| Rsi maximum | 70.0 | RSI |
| A5 | ==== ======= | |
| A7 | (0-3). - . | |
| Comment corner | 1 | Comment written on the orders |
| A8 | ||
| Base color | Yellow | Colour on the chart |
| A10 | ||
| Value color | DeepSkyBlue | Colour on the chart |
| A8 4 | ||
| Prefix | OTE_ | |
| A9 | ======================================== | |
| Open order sound | ok.wav | Turn this alert on or off |
| Magic number | 11236 | Magic number that tells this EA's orders apart |
| Period | 14 | Period or timeframe used by the calculation |
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: RSI · Martingale · Grid · Pending Orders · Risk & Lot Size · Moving Average · MT4 Indicator · MQL4 Source Code