Shark 5 Ultimate Full
Shark 5 Ultimate Full is an expert advisor (trading robot) for MetaTrader 4 from the Old Kings collection. Its source code uses the Stochastic oscillator, CCI, ATR and Parabolic SAR. It moves the stop behind price and can size trades from your risk. It has 21 settings, for example Standard (default TRUE), Mini (default FALSE) and Micro (default FALSE). Run it in the Strategy Tester and then on a demo account to see how it opens and closes trades. Inside: 2 EA 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 · v1.0 · Free
About Shark 5 Ultimate Full
Shark 5 Ultimate Full is an expert advisor (trading robot) for MetaTrader 4 based on Stochastic, CCI, ATR and Parabolic SAR. It moves the stop loss behind price (trailing stop / break-even) and can size trades from your balance and risk percent. It has 21 settings, such as Standard, Mini and Micro. MQL source code included.
Files in the download: EA_SHARK5.0_ULTIMATE.mq4, EA_SHARK5.0_ULTIMATE_Licence.dll, EA_SHARK5.0_ULTIMATE_Proxy.dll, EA_SHARK5.0_ULTIMATE_Trade.ex4, EA_SHARK5.0_ULTIMATE_Version.dll.
Trading robots can lose money. Check every setting and test on a demo account before using real funds.
Settings
| Setting | Default | What it does |
|---|---|---|
| Standard | TRUE | |
| Mini | FALSE | |
| Micro | FALSE | |
| Magic number | 996960 | Magic number that tells this EA's orders apart |
| Max slippage | 3 | Maximum slippage allowed when opening a trade |
| Moneymanagement | TRUE | |
| Lots | 0.1 | Trade size in lots |
| Maximum risk | 1 | Risk per trade (percent of balance) |
| Max lots | 100.0 | |
| Stop loss mode a | 35 | Stop loss distance |
| Take profit mode a | 8 | Take profit distance |
| Stop loss mode b | 70 | Stop loss distance |
| Take profit mode b | 16 | Take profit distance |
| St tp pending mode | FALSE | |
| Friday mode | FALSE | |
| Fractional lots | FALSE | |
| Atr period | 40 | Period or timeframe used by the calculation |
| Atr timeframe | 1440 | Period or timeframe used by the calculation |
| Atr border | 0.01239 | |
| Cci period | 34 | Period or timeframe used by the calculation |
| Cci timeframe | 1440 | 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: Trailing Stop & Break-even · Risk & Lot Size · Stochastic · CCI · ATR · Parabolic SAR · MT4 Expert Advisor · MQL4 Source Code