Vlado
Vlado — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. Its source code uses an oscillator. It can size trades from your risk. It has 7 settings, for example slippage (default 5), shift (default 0) and Lots (default 0.1). 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 · v1.0 · Free
About Vlado
Vlado is an expert advisor (trading robot) for MetaTrader 4 based on Oscillator. It can size trades from your balance and risk percent. It has 7 settings, such as Slippage, Shift and Lots. MQL source code included.
Files in the download: vlado.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 |
|---|---|---|
| Slippage | 5 | slippage for market order processing |
| Shift | 0 | shift to current bar, |
| Lots | 0.1 | Trade size in lots |
| Maximum risk | 10 | Risk per trade (percent of balance) |
| Mm | 0 | |
| Wpr len | 100 | |
| Wpr level | -50 |
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: Risk & Lot Size · Oscillator · MT4 Expert Advisor · MQL4 Source Code