Stochastic Counter Trend
Stochastic Counter Trend is an expert advisor (trading robot) for MetaTrader 4 from the Old Kings collection. Judging by its name, it is built around the Stochastic oscillator, following the trend and reversals against the current move. It moves the stop behind price and can size trades from your risk. It has 16 settings, for example TS, Magic Number (default 101) and Slippage (default 10). Run it in the Strategy Tester and then on a demo account to see how it opens and closes trades. 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 Stochastic Counter Trend
Stochastic Counter Trend is an expert advisor (trading robot) for MetaTrader 4. It moves the stop loss behind price (trailing stop / break-even) and can size trades from your balance and risk percent. It has 16 settings, such as TS, Magic number and Slippage. MQL source code included.
Files in the download: Stochastic Counter Trend.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 |
|---|---|---|
| TS | Trade Settings | |
| Magic number | 101 | Magic number that tells this EA's orders apart |
| Slippage | 10 | Maximum slippage allowed when opening a trade |
| Trade on bar open | true | |
| MM | Money Management | |
| Use money management | true | |
| Risk percent | 2 | Risk per trade (percent of balance) |
| Fixed lot size | 0.1 | |
| Stop loss | 200 | Stop loss distance |
| Take profit | 0 | Take profit distance |
| ST | Stochastics Settings | |
| K period | 14 | Period or timeframe used by the calculation |
| D period | 3 | Period or timeframe used by the calculation |
| Slowing | 5 | |
| Ma method | MODE_SMA | |
| Price field | 0 |
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 · Trend · Trailing Stop & Break-even · Risk & Lot Size · MT4 Expert Advisor · MQL4 Source Code