True Scalper V49P Ron MT4
From the Old Kings archive: True Scalper V49P Ron MT4, an expert advisor (trading robot) for MetaTrader 4. Its name points to short scalping trades. In the code it works with RSI and moving averages. It moves the stop behind price and is set up for scalping. It has 15 settings, for example Lots (default 0.1), Slippage (default 2) and Number Of Long Orders (default 12). 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 · v49P · Free
About True Scalper V49P Ron MT4
True Scalper V49P 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 15 settings, such as Lots, Slippage and Number of long orders. MQL source code included.
Files in the download: TrueScalper_v49P_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 | |
| Profit made | 106 | |
| Stop loss | 55 | Stop loss distance |
| Pl enabled | false | |
| Pl break even | 52 | Move the stop to break-even |
| Trail enable | true | Trailing stop distance or switch |
| Trailing stop level1 | 0 | Trailing stop distance or switch |
| Trailing stop1 | 105 | Trailing stop distance or switch |
| Trailing stop level2 | 157 | Trailing stop distance or switch |
| Trailing stop2 | 79 | Trailing stop distance or switch |
| Trailing stop level3 | 291 | Trailing stop distance or switch |
| Trailing stop3 | 16 | Trailing stop distance or switch |
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