Simple Stoch Divergence EA 3
Simple Stoch Divergence EA 3 — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. Judging by its name, it is built around the Stochastic oscillator and divergence between price and an oscillator. Its source code uses the Stochastic oscillator, moving averages and Bollinger Bands. It moves the stop behind price and can size trades from your risk. It has 11 settings, for example Magic Number (default 0), Signal Mail (default False) and Each Tick Mode (default True). 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 · v1.0 · Free
About Simple Stoch Divergence EA 3
Simple Stoch Divergence EA 3 is an expert advisor (trading robot) for MetaTrader 4 based on Stochastic, Moving Average and Bollinger Bands. It moves the stop loss behind price (trailing stop / break-even) and can size trades from your balance and risk percent. It has 11 settings, such as Magic number, Signal mail and Each tick mode. MQL source code included.
Files in the download: Simple Stoch Divergence EA.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 |
|---|---|---|
| Magic number | 0 | Magic number that tells this EA's orders apart |
| Signal mail | False | |
| Each tick mode | True | |
| Lots | 0.1 | Trade size in lots |
| Slippage | 3 | Maximum slippage allowed when opening a trade |
| Stop loss mode | True | Stop loss distance |
| Stop loss | 60 | Stop loss distance |
| Take profit mode | True | Take profit distance |
| Take profit | 200 | Take profit distance |
| Trailing stop mode | True | Trailing stop distance or switch |
| Trailing stop | 50 | Trailing stop distance or switch |
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: Stochastic · Divergence · Trailing Stop & Break-even · Risk & Lot Size · Moving Average · Bollinger Bands · MT4 Expert Advisor · MQL4 Source Code