Trend Scalper TR Beta6
Trend Scalper TR Beta6 — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. As the name suggests, the idea behind it is short scalping trades and following the trend. Its source code uses moving averages and Bollinger Bands. It raises the lot size after losses (martingale — high risk), moves the stop behind price and can size trades from your risk. It has 10 settings, for example Lots If No MM (default 0.1), Stoploss (default 40) and Slip (default 5). 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 Trend Scalper TR Beta6
Trend Scalper TR Beta6 is an expert advisor (trading robot) for MetaTrader 4 based on Moving Average and Bollinger Bands. 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 10 settings, such as Lots if no mm, Stoploss and Slip. MQL source code included.
It also is built for short scalping trades.
Files in the download: TrendScalper_TR_beta6.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 if no mm | 0.1 | |
| Stoploss | 40 | Stop loss distance |
| Slip | 5 | |
| Initial target | 999 | |
| Bb2period | 100 | Period or timeframe used by the calculation |
| Bb2multiplier | 1 | How much the lot size grows after a loss |
| Tt fperiod | 15 | Period or timeframe used by the calculation |
| T smultiplier | 4 | How much the lot size grows after a loss |
| Mm mode | 0 | |
| Mm risk | 40 | 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: Scalping · Trend · Martingale · Trailing Stop & Break-even · Risk & Lot Size · Moving Average · Bollinger Bands · MT4 Expert Advisor · MQL4 Source Code