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SMC Trader Skeleton V2

From the Old Kings archive: SMC Trader Skeleton V2, an expert advisor (trading robot) for MetaTrader 4. Judging by its name, it is built around smart-money concepts (market structure, order blocks). The file name marks it as version 2. In the code it works with moving averages and ATR. It moves the stop behind price and can size trades from your risk. It has 4 settings, for example Take Profit (default 50), Lots (default 0.1) and Initial Stop (default 30). 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 · v2 · Free

About SMC Trader Skeleton V2

SMC Trader Skeleton V2 is an expert advisor (trading robot) for MetaTrader 4 based on Moving Average and ATR. It moves the stop loss behind price (trailing stop / break-even) and can size trades from your balance and risk percent. It has 4 settings, such as Take profit, Lots and Initial stop. MQL source code included.

Files in the download: SMC Trader Skeleton v2.mq4.

Trading robots can lose money. Check every setting and test on a demo account before using real funds.

Settings

SettingDefaultWhat it does
Take profit50Take profit distance
Lots0.1Trade size in lots
Initial stop30
Trailing stop20Trailing stop distance or switch

How to install

  1. Download the ZIP from your PolyMaria library and unzip it.
  2. In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Experts.
  3. Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
  4. Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
  5. Drag the expert advisor from the Navigator onto a chart, check the settings, allow Algo/Auto Trading and press OK.
  6. Test it first on a demo account or in the Strategy Tester.

Download the PDF guide

Tags: Smart Money (SMC / ICT) · Trailing Stop & Break-even · Risk & Lot Size · Moving Average · ATR · MT4 Expert Advisor · MQL4 Source Code

Old Kings — classic MT4 & MT5 collection · PolyMaria