Robot GBPUSDM15
From the Old Kings archive: Robot GBPUSDM15, an expert advisor (trading robot) for MetaTrader 4. In the code it works with MACD and RSI. It can hold buy and sell positions together, places pending orders and moves the stop behind price. It has 18 settings, for example S2 (default ---------------- Money M), Lots (default 0.1) and Risk MM (default FALSE). 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 Robot GBPUSDM15
Robot GBPUSDM15 is an expert advisor (trading robot) for MetaTrader 4 based on MACD and RSI. It can hold buy and sell positions at the same time (hedging), places pending buy/sell stop or limit orders and moves the stop loss behind price (trailing stop / break-even). It has 18 settings, such as S2, Lots and Risk mm. MQL source code included.
It also can size trades from your balance and risk percent.
Files in the download: Robot_GBPUSDM15.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 |
|---|---|---|
| S2 | ---------------- Money Management | |
| Lots | 0.1 | Trade size in lots |
| Risk mm | FALSE | Risk per trade (percent of balance) |
| Risk percent | 1.0 | Risk per trade (percent of balance) |
| S3 | ---------------- Order Management | |
| Stop loss | 0 | Stop loss distance |
| Take profit | 0 | Take profit distance |
| Hide sl | FALSE | |
| Hide tp | FALSE | |
| Trailing stop | 0 | Trailing stop distance or switch |
| Trailing step | 0 | Trailing stop distance or switch |
| Break even | 0 | Move the stop to break-even |
| Max orders | 100 | Maximum number of open trades |
| Slippage | 3 | Maximum slippage allowed when opening a trade |
| Magic | 170109 | Magic number that tells this EA's orders apart |
| S6 | ---------------- Extras | |
| Hedge | FALSE | |
| Reverse system | FALSE |
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: GBPUSD · Hedging · Pending Orders · Trailing Stop & Break-even · Risk & Lot Size · MACD · RSI · MT4 Expert Advisor · MQL4 Source Code