Quantum Trader V5.0 Elite 2
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called Quantum Trader V5.0 Elite 2. The file name marks it as version 5.0. In the code it works with Bollinger Bands, ATR, fractals and a price channel. It has a trading-hours filter and can size trades from your risk. It has 40 settings, for example Bands Mode 0 2 (default 0), Power Price 0 6 (default 0) and Price Type 0 3 (default 0). Before any live use, test it on a demo account and check its lot size, stop loss and trading hours. Inside: 2 indicator files 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 · v5.0 · Free
About Quantum Trader V5.0 Elite 2
Quantum Trader V5.0 Elite 2 is an expert advisor (trading robot) for MetaTrader 4 based on Bollinger Bands, ATR, Fractals and Channels & Envelopes. It trades only in the hours you set (time filter) and can size trades from your balance and risk percent. It has 40 settings, such as Bands mode 0 2, Power price 0 6 and Price type 0 3. MQL source code included.
Files in the download: i_Trend.mq4, QuantumTrader_v5.0_Elite~.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 |
|---|---|---|
| Bands mode 0 2 | 0 | =0-2 MODE_MAIN, MODE_LOW, MODE_HIGH |
| Power price 0 6 | 0 | =0-6 PRICE_CLOSE,PRICE_OPEN,PRICE_HIGH,PRICE_LOW,PRICE_MEDIAN,PRICE_TYPICAL,PRICE_WEIGHTED |
| Price type 0 3 | 0 | =0-3 PRICE_CLOSE,PRICE_OPEN,PRICE_HIGH,PRICE_LOW |
| Bands period | 20 | Period or timeframe used by the calculation |
| Bands deviation | 2 | |
| Power period | 13 | Period or timeframe used by the calculation |
| Count bars | 20000 | |
| Expert name | QuantumTrader_v5.0 Elite | |
| Close all now | FALSE | |
| Stop after last trade | FALSE | |
| Target equity | 0.0 | |
| Open hour | 21 | |
| Close hour | 5 | |
| Lots optimized | TRUE | |
| Auto lots decimal | TRUE | |
| Lots decimal | 0 | |
| Risk | 20 | Risk per trade (percent of balance) |
| Lots | 0.1 | Trade size in lots |
| Max lots | 0.0 | |
| Auto range sl | TRUE | |
| Stop loss | 28.0 | Stop loss distance |
| Sl out session | 32.0 | |
| Auto range tp | TRUE | |
| Account profit close | TRUE | |
| Take profit | 5.0 | Take profit distance |
| Take profit fake | 25.0 | Take profit distance |
| Range op | 3.0 | |
| Op from fractal | 7.0 | |
| Price from mid | 6.0 | |
| Minutefor next op | 1 | |
| Minute for close | 1 | |
| Slippage | 3.0 | Maximum slippage allowed when opening a trade |
| Max spread | 4.0 | Maximum spread allowed to trade |
| Use damiani filter | TRUE | |
| Time opened expire | TRUE | |
| Hidden tp | TRUE | |
| Hidden sl | TRUE | |
| Hide all | FALSE | |
| Trade on friday | TRUE | |
| Close on friday | TRUE |
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: Time Filter · Risk & Lot Size · Bollinger Bands · ATR · Fractals · Channels & Envelopes · MT4 Indicator · MQL4 Source Code