Red Warrior
From the Old Kings archive: Red Warrior, an expert advisor (trading robot) for MetaTrader 4. In the code it works with Bollinger Bands and ATR. It places pending orders, moves the stop behind price and has a trading-hours filter. It has 30 settings, for example Expert Switch (default ), Use Rider (default true) and Use Sting (default true). Watch it on a demo account for a while — robots can behave differently with each broker. Inside: 2 EA files with source code (.mq4) you can open and edit in MetaEditor and a PDF guide. 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 Red Warrior
Red Warrior is an expert advisor (trading robot) for MetaTrader 4 based on Bollinger Bands and ATR. It places pending buy/sell stop or limit orders, moves the stop loss behind price (trailing stop / break-even) and trades only in the hours you set (time filter). It has 30 settings, such as Expert switch, Use rider and Use sting. MQL source code included.
It also can size trades from your balance and risk percent.
Files in the download: RedWarrior v1.ex4, RedWarrior v1.mq4, RedWarrior.pdf.
Trading robots can lose money. Check every setting and test on a demo account before using real funds.
Settings
| Setting | Default | What it does |
|---|---|---|
| Expert switch | ||
| Use rider | true | Rider |
| Use sting | true | Sting |
| Parametr set r | Rider | |
| Days for check r | 6 | |
| Percent for open r | 64 | % |
| Stop limit r | 0 | StopLoss |
| Percent for stop r | 35 | StopLoss % |
| Percent for profit r | 100 | TakeProfit % |
| Percent for tral r | 50 | % |
| Parametr set | Sting | |
| Bars for check | 15 | |
| Days for check | 1 | |
| Sting percent | 100 | % |
| Percent for open | 48 | % |
| Percent for stop | 0 | StopLoss % |
| Stop limit | 17 | StopLoss |
| Percent for profit | 170 | TakeProfit % |
| Tral | 50 | |
| Time start | 9 | |
| Time end | 16 | |
| Mm set | ||
| Type of mm | 0 | 0- |
| Start lot | 0.05 | |
| Start deposit | 1000 | |
| Risk percent | 5 | % ( ) |
| Delta profit | 200 | ( ) |
| Broker set | ||
| Time shift | 0 | Bar shift (0 = current bar) |
| Number of digit | 5 | : 4 5 |
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 · Trailing Stop & Break-even · Time Filter · Risk & Lot Size · Bollinger Bands · ATR · MT4 Expert Advisor · MQL4 Source Code