My First Adviser
My First Adviser is an expert advisor (trading robot) for MetaTrader 4 from the Old Kings collection. Its source code uses RSI and moving averages. It can size trades from your risk and has a news filter. It has 6 settings, for example RSI Per (default 16), MA Per (default 6) and Bands Per (default 60). Watch it on a demo account for a while — robots can behave differently with each broker. 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 My First Adviser
My First Adviser is an expert advisor (trading robot) for MetaTrader 4 based on RSI and Moving Average. It can size trades from your balance and risk percent and has a news filter. It has 6 settings, such as Rsi per, Ma per and Bands per. MQL source code included.
Files in the download: My_First_Adviser.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 |
|---|---|---|
| Rsi per | 16 | RSI |
| Ma per | 6 | MA |
| Bands per | 60 | Bollinger Bands |
| Band range | 33 | / |
| Smooth type | 2 | 0..3 |
| Maximum risk | 0.777 | 0..1 |
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: Risk & Lot Size · News Trading · RSI · Moving Average · MT4 Expert Advisor · MQL4 Source Code