True Scalper V11B
True Scalper V11B — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. Its name points to short scalping trades. Its source code uses RSI and moving averages. It can size trades from your risk and handles several symbols. It has 7 settings, for example Lots (default 0.1), Take Profit (default 44) and Stop Loss (default 90). 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 · v11B · Free
About True Scalper V11B
True Scalper V11B is an expert advisor (trading robot) for MetaTrader 4 based on RSI and Moving Average. It can size trades from your balance and risk percent and works on several symbols at once. It has 7 settings, such as Lots, Take profit and Stop loss. MQL source code included.
Files in the download: TrueScalperV11B.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 | 0.1 | Trade size in lots |
| Take profit | 44 | Take profit distance |
| Stop loss | 90 | Stop loss distance |
| Rsi pos | 50 | |
| Rsi neg | 50 | |
| Slippage | 2 | Maximum slippage allowed when opening a trade |
| Abandon | 101 |
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 · Risk & Lot Size · Multi-Currency · RSI · Moving Average · MT4 Expert Advisor · MQL4 Source Code