True Scalper V49L Ron MT4
True Scalper V49L Ron MT4 is an expert advisor (trading robot) for MetaTrader 4 from the Old Kings collection. Judging by its name, it is built around short scalping trades. Its source code uses RSI and moving averages. It moves the stop behind price and is set up for scalping. It has 9 settings, for example Lots (default 0.1), Slippage (default 2) and Number Of Long Orders (default 12). 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 · v49L · Free
About True Scalper V49L Ron MT4
True Scalper V49L Ron MT4 is an expert advisor (trading robot) for MetaTrader 4 based on RSI and Moving Average. It moves the stop loss behind price (trailing stop / break-even) and is built for short scalping trades. It has 9 settings, such as Lots, Slippage and Number of long orders. MQL source code included.
Files in the download: TrueScalper_v49L_Ron_MT4.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 | 12 | |
| Number of short orders | 13 | |
| Use opts | true | |
| Profit made | 103 | how much money do you want ( see init() section ) |
| Stop loss | 54 | optimized per pair (see init() section) |
| Pl enabled | true | |
| Pl break even | 61 | Move the stop to break-even |
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 · Trailing Stop & Break-even · RSI · Moving Average · MT4 Expert Advisor · MQL4 Source Code