Palmuz
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called Palmuz. In the code it works with moving averages. It places pending orders and can size trades from your risk. It has 12 settings, for example Magic (default 16108), _ and Start Lot (default 0.1). 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 Palmuz
Palmuz is an expert advisor (trading robot) for MetaTrader 4 based on Moving Average. It places pending buy/sell stop or limit orders and can size trades from your balance and risk percent. It has 12 settings, such as Magic, _ and Start lot. MQL source code included.
Files in the download: Palmuz.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 |
|---|---|---|
| Magic | 16108 | Magic number that tells this EA's orders apart |
| _ | ||
| Start lot | 0.1 | |
| Multipl | 1.25 | How much the lot size grows after a loss |
| Order step | 190 | Distance between orders |
| Take profit | 120 | Take profit distance |
| __ | ||
| Use trand analiz | false | |
| Ma period | 70 | Period or timeframe used by the calculation |
| Ma aver metod | 0 | |
| Ma prices | 0-Close, 1-Open, 2- High,3-Low | |
| Ma use price | 0 |
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: Pending Orders · Risk & Lot Size · Moving Average · MT4 Expert Advisor · MQL4 Source Code