Supp Res ZZ Trader.mq4
Supp Res ZZ Trader.mq4 — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. Its source code uses moving averages, Bollinger Bands and ADX. It moves the stop behind price and can size trades from your risk. It has 25 settings, for example Magic Number (default 123456), Close Trade (default true) and Profit Type Cl Trd (default 1). Before any live use, test it on a demo account and check its lot size, stop loss and trading hours. 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 Supp Res ZZ Trader.mq4
Supp Res ZZ Trader.mq4 is an expert advisor (trading robot) for MetaTrader 4 based on Moving Average, Bollinger Bands and ADX. It moves the stop loss behind price (trailing stop / break-even) and can size trades from your balance and risk percent. It has 25 settings, such as Magic number, Close trade and Profit type cl trd. MQL source code included.
Files in the download: SuppResZZTrader.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 | 123456 | Magic number that tells this EA's orders apart |
| Close trade | true | Close Trade by New Trigger |
| Profit type cl trd | 1 | Close Trade: Prof Type (0:all,1:pos,2:neg) |
| N1 | --------- Buy/Sell Trigger Data ------- | |
| Bb sprd lw lim | 25. | Boll Band Lower Limit |
| Bb sprd up lim | 70. | Boll Band Upper Limit |
| Depth | 14 | ZigZag Depth |
| Deviation | 7 | ZigZag Deviation |
| Backstep | 8 | ZigZag BacdkStp |
| Proc bars min | 8 | Min Bars in ZZ Segment |
| Sma per | 7 | SMA Period |
| Sig per | 30 | Std Dev Period |
| Sig lim | 1.38 | Std Dev Upper Limit |
| Adx per | 10 | Period ADX |
| Adx lim | 24. | ADX Lim (Min Lvl) |
| Entryhour | 5 | Trade Entry Hour (0, ... 23) |
| Openhours | 20 | Trade Duration Hours (12.. 23) |
| N2 | --------- Money__Management ---------- | |
| Lots | 0.01 | Trade size in lots |
| Take profit | 200. | Take profit distance |
| Stop loss | 125. | Stop loss distance |
| Trailing stop | 55. | Trailing stop distance or switch |
| N3 | ------- Order Number Limits ---------- | |
| Num open orders | 1 | Max Open Orders this Symbol |
| Tot open orders | 8 | Max Open Orders All Symbols |
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: Trailing Stop & Break-even · Risk & Lot Size · Moving Average · Bollinger Bands · ADX · MT4 Expert Advisor · MQL4 Source Code