True Scalper V49c Ron MT41
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called True Scalper V49c Ron MT41. As the name suggests, the idea behind it is short scalping trades. In the code it works with RSI and moving averages. It is set up for scalping. It has 6 settings, for example Lots (default 0.1), Slippage (default 2) and Number Of Orders (default 9). 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 · v49c · Free
About True Scalper V49c Ron MT41
True Scalper V49c Ron MT41 is an expert advisor (trading robot) for MetaTrader 4 based on RSI and Moving Average. It is built for short scalping trades. It has 6 settings, such as Lots, Slippage and Number of orders. MQL source code included.
Files in the download: TrueScalper_v49c_Ron_MT41.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 |
| Slippage | 2 | Maximum slippage allowed when opening a trade |
| Number of orders | 9 | |
| Use opts | true | |
| Profit made | 90 | how much money do you want ( see init() section ) |
| Stop loss | 102 | optimized per pair (see init() section) |
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 · RSI · Moving Average · MT4 Expert Advisor · MQL4 Source Code