Silver Trend Trader V4
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called Silver Trend Trader V4. As the name suggests, the idea behind it is following the trend. The file name marks it as version 4. In the code it works with moving averages. It moves the stop behind price, can size trades from your risk and handles several symbols. It has 6 settings, for example MAPeriod (default 60), Trailing Stop (default 0) and Take Profit (default 0). Watch it on a demo account for a while — robots can behave differently with each broker. 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 · v4 · Free
About Silver Trend Trader V4
Silver Trend Trader V4 is an expert advisor (trading robot) for MetaTrader 4 based on Moving Average. It moves the stop loss behind price (trailing stop / break-even), can size trades from your balance and risk percent and works on several symbols at once. It has 6 settings, such as Ma period, Trailing stop and Take profit. MQL source code included.
Files in the download: SilverTrendTrader_v4.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 |
|---|---|---|
| Ma period | 60 | Period or timeframe used by the calculation |
| Trailing stop | 0 | Trailing stop distance or switch |
| Take profit | 0 | Take profit distance |
| Initial stop loss | 0 | Stop loss distance |
| Type | 3 | 1=EMA / 2=JMA / 3=JTPO |
| Friday night hour | 16 |
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: Trend · Trailing Stop & Break-even · Risk & Lot Size · Multi-Currency · Moving Average · MT4 Expert Advisor · MQL4 Source Code