Trend Moving Average
Trend Moving Average is an expert advisor (trading robot) for MetaTrader 4 from the Old Kings collection. Its name points to moving averages and following the trend. Its source code uses moving averages. It places pending orders and can size trades from your risk. It has 16 settings, for example magic (default 161556), Common Settings (default ------------------------) and user slippage (default 2). 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 Trend Moving Average
Trend Moving Average is an expert advisor (trading robot) for MetaTrader 4 based on Moving Average. It places pending buy/sell stop or limit orders and can size trades from your balance and risk percent. It has 16 settings, such as Magic, Common settings and User slippage. MQL source code included.
Files in the download: Trend Moving Average.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 | 161556 | Magic number that tells this EA's orders apart |
| Common settings | ---------------------------------------- | |
| User slippage | 2 | Maximum slippage allowed when opening a trade |
| User tp | 40 | |
| User sl | 40 | |
| Use tp sl | 1 | |
| Profit lock | 0.90 | |
| Money management settings | ---------------------------------------- | |
| Money management | 1 | |
| Min lots | 0.1 | |
| Risk | 1 | Risk per trade (percent of balance) |
| Progression | 0 | 0=none | 1:ascending | 2:martingale |
| Indicator settings | ---------------------------------------- | |
| Ema fast | 10 | |
| Ema slow | 60 | |
| Shift | 1 | Bar shift (0 = current bar) |
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: Moving Average · Trend · Pending Orders · Risk & Lot Size · MT4 Expert Advisor · MQL4 Source Code