SMC MACD New Idea
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called SMC MACD New Idea. Judging by its name, it is built around smart-money concepts (market structure, order blocks) and MACD (moving average convergence / divergence). In the code it works with MACD and Parabolic SAR. It can size trades from your risk. It has 5 settings, for example Lots (default 0.1), Take Profit (default 100) and Risk Percent (default 1). 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 SMC MACD New Idea
SMC MACD New Idea is an expert advisor (trading robot) for MetaTrader 4 based on MACD and Parabolic SAR. It can size trades from your balance and risk percent. It has 5 settings, such as Lots, Take profit and Risk percent. MQL source code included.
Files in the download: SMC MACD new idea.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 |
|---|---|---|
| Lots | 0.1 | Trade size in lots |
| Take profit | 100 | Take profit distance |
| Risk percent | 1 | Risk per trade (percent of balance) |
| Signal life bars | 24 | |
| P voffset | 2 |
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: Smart Money (SMC / ICT) · MACD · Risk & Lot Size · Parabolic SAR · MT4 Expert Advisor · MQL4 Source Code