Powerfull Scalping
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called Powerfull Scalping. Judging by its name, it is built around short scalping trades. In the code it works with moving averages, CCI, ATR and an oscillator. It moves the stop behind price and can size trades from your risk. It has 40 settings, for example s0 (default Settings for indicators), MA Period (default 95) and Slippage MA (default 25). 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 Powerfull Scalping
Powerfull Scalping is an expert advisor (trading robot) for MetaTrader 4 based on Moving Average, CCI, ATR and Oscillator. It moves the stop loss behind price (trailing stop / break-even) and can size trades from your balance and risk percent. It has 40 settings, such as S0, Ma period and Slippage ma. MQL source code included.
Files in the download: ErrorDescription_RUS.mqh, PF_ECNnew.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 |
|---|---|---|
| S0 | Settings for indicators | |
| Ma period | 95 | Period or timeframe used by the calculation |
| Slippage ma | 25 | Maximum slippage allowed when opening a trade |
| S01 | Opening of Williams | |
| Williams period | 21 | Period or timeframe used by the calculation |
| Level high | 5 | |
| Level low | 95 | |
| S02 | Opening of ATR | |
| Atr period | 18 | Period or timeframe used by the calculation |
| Level atr stop | 4.0 | |
| S03 | Opening of CCI | |
| Cci period | 16 | Period or timeframe used by the calculation |
| Level cci high | 85 | |
| Level cci low | -115 | |
| S1 | Settings for Stoploss & TakeProfit | |
| Stop loss | 210 | Stop loss distance |
| Take profit | 20 | Take profit distance |
| S2 | Setting for closing of orders | |
| S21 | Closure of Williams | |
| Close williams | 1 | |
| Williams close buy | 80 | |
| Williams close sell | 40 | |
| Only profit | 2 | |
| S22 | Closure of CCI | |
| Close cci | 0 | |
| Cci close buy | 20 | |
| Cci close sell | -70 | |
| S4 | Breakeven. If 0 - do not use | |
| Paritet | 1 | |
| Pips | 10 | |
| S5 | Trailing stop. 0-Off, 1-standard, 2-shad | |
| Trailling type | 0 | Trailing stop distance or switch |
| Trailling stop | 10 | Trailing stop distance or switch |
| Trailling step | 10 | Trailing stop distance or switch |
| Trailling bar | 5 | Trailing stop distance or switch |
| S6 | Settings for order | |
| Lot | 0.0 | Trade size in lots |
| MM | 20.0 | |
| Slippage | 3 | Maximum slippage allowed when opening a trade |
| Max spread | 3.0 | Maximum spread allowed to trade |
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: Scalping · Trailing Stop & Break-even · Risk & Lot Size · Moving Average · CCI · ATR · Oscillator · MT4 Expert Advisor · MQL4 Source Code