Signals 5
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called Signals 5. Judging by its name, it is built around buy / sell signals on the chart. It places pending orders and can size trades from your risk. It has 19 settings, for example Sell Limit Price (default 0.0), Time Frame (default 60) and Orders Level (default 50). Run it in the Strategy Tester and then on a demo account to see how it opens and closes trades. 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 Signals 5
Signals 5 is an expert advisor (trading robot) for MetaTrader 4. It places pending buy/sell stop or limit orders and can size trades from your balance and risk percent. It has 19 settings, such as Sell limit price, Time frame and Orders level. MQL source code included.
Files in the download: Signals~.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 |
|---|---|---|
| Sell limit price | 0.0 | |
| Time frame | 60 | Period or timeframe used by the calculation |
| Orders level | 50 | |
| Magic n | 444 | Magic number that tells this EA's orders apart |
| Lock | 5 | |
| Show alerts | TRUE | Turn this alert on or off |
| Send email | FALSE | Turn this alert on or off |
| Lots 1 | 0.1 | |
| Lots 2 | 0.2 | |
| Lots 3 | 0.3 | |
| Lots 4 | 0.6 | |
| Lots 5 | 1.2 | |
| Lots 6 | 2.4 | |
| Lots 7 | 4.8 | |
| Lots 8 | 9.0 | |
| Lots 9 | 10.0 | |
| Lots 10 | 10.0 | |
| Info on | TRUE | |
| Info color | Yellow | Colour on the chart |
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: Buy/Sell Arrows · Pending Orders · Risk & Lot Size · MT4 Expert Advisor · MQL4 Source Code