Obos Divergence Fxts Fast Mod
Obos Divergence Fxts Fast Mod is an expert advisor (trading robot) for MetaTrader 4 from the Old Kings collection. Its name points to divergence between price and an oscillator. This copy is a modified edition. Its source code uses moving averages and a price channel. It raises the lot size after losses (martingale — high risk), has a news filter and trades breakouts. It has 27 settings, for example comm1 (default ( FFCal):), News Filter (default TRUE) and Minimum Impact (default 3). Run it in the Strategy Tester and then on a demo account to see how it opens and closes trades. 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 Obos Divergence Fxts Fast Mod
Obos Divergence Fxts Fast Mod is an expert advisor (trading robot) for MetaTrader 4 based on Moving Average and Channels & Envelopes. It increases the lot size after a losing trade (martingale), has a news filter and trades breakouts. It has 27 settings, such as Comm1, News filter and Minimum impact. MQL source code included.
Files in the download: OBOS Divergence_FXTS_FastMod.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 |
|---|---|---|
| Comm1 | ( FFCal): | |
| News filter | TRUE | |
| Minimum impact | 3 | |
| Mins before news | 60 | |
| Mins after news | 30 | |
| Comm2 | - : | |
| Max spread | 1.2 | Maximum spread allowed to trade |
| Trade lot settings | : | |
| Start lot | 0.01 | |
| Range | 25 | |
| Level | 5 | |
| Increment | 0.01 | |
| Tp in money | 1.0 | |
| Envelope | Set The Channel | |
| Envelope period | 38 | moving average length |
| Env ma method | 0 | 0=sma,1=ema,2=smma,3=lwma. |
| Shift | 0 | shift relative to current bar indicator data is posted |
| Envelope deviation | 0.05 | envelope width |
| Moving average | Set The Breakout | |
| Ma period | 10 | Period or timeframe used by the calculation |
| Ma method | 0 | |
| Ma shift | 0 | Bar shift (0 = current bar) |
| Derivative oscillator settings | Set The Trigger | |
| Rsi der | 27 | |
| Limit | 240 | |
| Comments | OB++ | Comment written on the orders |
| Magic | 999222 | Magic number that tells this EA's orders apart |
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: Divergence · Martingale · News Trading · Breakout · Moving Average · Channels & Envelopes · MT4 Expert Advisor · MQL4 Source Code