Pseudocarcharia
From the Old Kings archive: Pseudocarcharia, an expert advisor (trading robot) for MetaTrader 4. In the code it works with RSI and Bollinger Bands. It places pending orders and can size trades from your risk. It has 24 settings, for example hf (default 18), ht (default 23) and Magic (default 1071). 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 Pseudocarcharia
Pseudocarcharia is an expert advisor (trading robot) for MetaTrader 4 based on RSI and Bollinger Bands. It places pending buy/sell stop or limit orders and can size trades from your balance and risk percent. It has 24 settings, such as Hf, Ht and Magic. MQL source code included.
Files in the download: Pseudocarcharias_AllIncl.mq4, Текстовый документ.txt.
Trading robots can lose money. Check every setting and test on a demo account before using real funds.
Settings
| Setting | Default | What it does |
|---|---|---|
| Hf | 18 | |
| Ht | 23 | |
| Magic | 1071 | Magic number that tells this EA's orders apart |
| S0 | ||
| Lots | 0.1 | Trade size in lots |
| Stop loss | 350 | Stop loss distance |
| Take profit | 600 | Take profit distance |
| X | 55 | |
| Y | 55 | |
| Z | 80 | |
| S1 | RSI | |
| Rsi period | 40 | Period or timeframe used by the calculation |
| Rsi price | 0 | |
| S2 | Bollinger1 | |
| Bb1 period | 80 | Period or timeframe used by the calculation |
| Bb1 deviation | 2 | |
| Bb1 shift | 0 | Bar shift (0 = current bar) |
| S3 | Bollinger2 | |
| Bb2 period | 25 | Period or timeframe used by the calculation |
| Bb2 deviation | 2 | |
| Bb2 shift | 0 | Bar shift (0 = current bar) |
| Bb2 price | 4 | |
| Szpar1 | 100 | |
| Szpar2 | 100000 |
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 · RSI · Bollinger Bands · MT4 Expert Advisor · MQL4 Source Code