True Scalper V49h Ron MT41
True Scalper V49h Ron MT41 is an expert advisor (trading robot) for MetaTrader 4 from the Old Kings collection. Its name points to short scalping trades. Its source code uses RSI and moving averages. It is set up for scalping. It has 7 settings, for example Lots (default 0.1), Slippage (default 2) and Number Of Long Orders (default 5). 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 · v49h · Free
About True Scalper V49h Ron MT41
True Scalper V49h 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 7 settings, such as Lots, Slippage and Number of long orders. MQL source code included.
Files in the download: TrueScalper_v49h_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 long orders | 5 | |
| Number of short orders | 5 | |
| Use opts | true | |
| Profit made | 104 | how much money do you want ( see init() section ) |
| Stop loss | 51 | 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