Samsami4
From the Old Kings archive: Samsami4, an expert advisor (trading robot) for MetaTrader 4. In the code it works with RSI. It can size trades from your risk. It has 16 settings, for example l Stop Loss (default 12), s Stop Loss (default 12) and l Take Profit (default 500). 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 Samsami4
Samsami4 is an expert advisor (trading robot) for MetaTrader 4 based on RSI. It can size trades from your balance and risk percent. It has 16 settings, such as L stop loss, S stop loss and L take profit. MQL source code included.
Files in the download: samsami4.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 |
|---|---|---|
| L stop loss | 12 | Stop loss distance |
| S stop loss | 12 | Stop loss distance |
| L take profit | 500 | Take profit distance |
| S take profit | 500 | Take profit distance |
| Cl open buy | Blue | |
| Cl close buy | Aqua | |
| Cl open sell | Red | |
| Cl close sell | Violet | |
| Cl modi buy | Blue | |
| Cl modi sell | Red | |
| Name expert | Generate from Gordago | |
| Slippage | 1 | Maximum slippage allowed when opening a trade |
| Use sound | False | Turn this alert on or off |
| Name file sound | alert.wav | Turn this alert on or off |
| Lots | 25 | Trade size in lots |
| Open order period | 5 | Period or timeframe used by the calculation |
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: Risk & Lot Size · RSI · MT4 Expert Advisor · MQL4 Source Code