RAY Scalper V1 Edu (E2)
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called RAY Scalper V1 Edu (E2). Its name points to short scalping trades. The file name marks it as version 1. In the code it works with the Stochastic oscillator, moving averages and Bollinger Bands. It moves the stop behind price, can size trades from your risk and is set up for scalping. It has 6 settings, for example Fixed Lot Size (default 0.1), use percent of deposit (default false) and Risk (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 · Free
About RAY Scalper V1 Edu (E2)
RAY Scalper V1 Edu (E2) is an expert advisor (trading robot) for MetaTrader 4 based on Stochastic, Moving Average and Bollinger Bands. It moves the stop loss behind price (trailing stop / break-even), can size trades from your balance and risk percent and is built for short scalping trades. It has 6 settings, such as Fixed lot size, Use percent of deposit and Risk. MQL source code included.
Files in the download: RAY_Scalper_V1_edu (e2).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 |
|---|---|---|
| Fixed lot size | 0.1 | |
| Use percent of deposit | false | |
| Risk | 10 | Risk per trade (percent of balance) |
| Pus1 | ||
| Max attempts | 14 | , |
| Magic number | 478554 | Magic number that tells this EA's orders apart |
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 · Stochastic · Moving Average · Bollinger Bands · MT4 Expert Advisor · MQL4 Source Code