SMC Shell
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called SMC Shell. As the name suggests, the idea behind it is smart-money concepts (market structure, order blocks). In the code it works with moving averages. It raises the lot size after losses (martingale — high risk), moves the stop behind price and can size trades from your risk. It has 9 settings, for example Lots (default 0.1), Lots Multiplier (default 2) and SMALength (default 21). 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 Shell
SMC Shell is an expert advisor (trading robot) for MetaTrader 4 based on Moving Average. It increases the lot size after a losing trade (martingale), moves the stop loss behind price (trailing stop / break-even) and can size trades from your balance and risk percent. It has 9 settings, such as Lots, Lots multiplier and Sma length. MQL source code included.
Files in the download: SMC_Shell.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 |
| Lots multiplier | 2 | How much the lot size grows after a loss |
| Sma length | 21 | |
| Mma length | 34 | |
| Lma length | 55 | |
| Protect profit | 5 | |
| Trailing stop | 5 | Trailing stop distance or switch |
| Take profit | 25 | Take profit distance |
| Risk percent | 1 | Risk per trade (percent of balance) |
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) · Martingale · Trailing Stop & Break-even · Risk & Lot Size · Moving Average · MT4 Expert Advisor · MQL4 Source Code