Proba2
Proba2 — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. Its source code uses moving averages. It can size trades from your risk. It has 10 settings, for example Maximum Risk (default 0.01), Stop Loss (default 100) and Profit (default 10). 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 Proba2
Proba2 is an expert advisor (trading robot) for MetaTrader 4 based on Moving Average. It can size trades from your balance and risk percent. It has 10 settings, such as Maximum risk, Stop loss and Profit. MQL source code included.
Files in the download: proba2.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 |
|---|---|---|
| Maximum risk | 0.01 | 11 |
| Stop loss | 100 | Stop loss distance |
| Profit | 10 | |
| Ema period | 34 | EMAAngleZero Period |
| Angle treshold | 0.2 | |
| Start ema shift | 6 | Check last 6 bars |
| End ema shift | 0 | Bar shift (0 = current bar) |
| Lsma period1 | 25 | Least Squares Moving average period. |
| Lsma period2 | 14 | Least Squares Moving average period 2. |
| Lsma period3 | 6 | Least Squares Moving average period 3. |
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 · Moving Average · MT4 Expert Advisor · MQL4 Source Code