Phoenix 4 CONTEST.mq4
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called Phoenix 4 CONTEST.mq4. In the code it works with MACD, moving averages and a price channel. It moves the stop behind price and can size trades from your risk. It has 35 settings, for example Lots (default 1), Maximum Risk (default 0.3) and Decrease Factor (default 1). 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 Phoenix 4 CONTEST.mq4
Phoenix 4 CONTEST.mq4 is an expert advisor (trading robot) for MetaTrader 4 based on MACD, Moving Average and Channels & Envelopes. It moves the stop loss behind price (trailing stop / break-even) and can size trades from your balance and risk percent. It has 35 settings, such as Lots, Maximum risk and Decrease factor. MQL source code included.
Files in the download: Phoenix_4_CONTEST.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 |
|---|---|---|
| Lots | 1 | Trade size in lots |
| Maximum risk | 0.3 | Risk per trade (percent of balance) |
| Decrease factor | 1 | |
| Pref settings | true | |
| MM | true | |
| Account is micro | false | |
| Take profit | 0 | Take profit distance |
| Stop loss | 0 | Stop loss distance |
| Trailing stop | 0 | Trailing stop distance or switch |
| Use signal1 | true | |
| Use signal2 | true | |
| Use signal3 | true | |
| Use signal4 | true | |
| Use signal5 | true | |
| Sma period | 0 | Period or timeframe used by the calculation |
| Sma2 bars | 0 | |
| Percent | 0 | |
| Envelope period | 0 | Period or timeframe used by the calculation |
| Osma fast | 0 | |
| Osma slow | 0 | |
| Osma signal | 0 | |
| Trade from1 | 0 | |
| Trade until1 | 24 | |
| Trade from2 | 0 | |
| Trade until2 | 0 | |
| Trade from3 | 0 | |
| Trade until3 | 0 | |
| Trade from4 | 0 | |
| Trade until4 | 0 | |
| Fast period | 0 | Period or timeframe used by the calculation |
| Fast price | PRICE_OPEN | |
| Slow period | 0 | Period or timeframe used by the calculation |
| Slow price | PRICE_OPEN | |
| Dv buy sell | 0 | |
| Dv stay out | 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: Trailing Stop & Break-even · Risk & Lot Size · MACD · Moving Average · Channels & Envelopes · MT4 Expert Advisor · MQL4 Source Code