Volatility Factor V3.0
From the Old Kings archive: Volatility Factor V3.0, an expert advisor (trading robot) for MetaTrader 4. Judging by its name, it is built around market volatility. The file name marks it as version 3.0. In the code it works with RSI, moving averages and Bollinger Bands. It has a trading-hours filter, can size trades from your risk and handles several symbols. It has 18 settings, for example Magic (default 2012345), EA Comment (default VolatilityFactor) and Max Spread (default 3.5). 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 · v3.0 · Free
About Volatility Factor V3.0
Volatility Factor V3.0 is an expert advisor (trading robot) for MetaTrader 4 based on RSI, Moving Average and Bollinger Bands. It trades only in the hours you set (time filter), can size trades from your balance and risk percent and works on several symbols at once. It has 18 settings, such as Magic, Ea comment and Max spread. MQL source code included.
Files in the download: VolatilityFactor_v3.0.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 |
|---|---|---|
| Magic | 2012345 | Magic number that tells this EA's orders apart |
| Ea comment | VolatilityFactor | Comment written on the orders |
| Max spread | 3.5 | Maximum spread allowed to trade |
| Slippage | 2 | Maximum slippage allowed when opening a trade |
| NFA | FALSE | |
| Manual gmt offset | 2 | |
| CS | ==== Custom Settings ==== | |
| Better price pips | 0 | |
| Max neg adds | 3 | |
| Force profit | 0 | |
| Force loss | 0 | |
| Fixed take profit | 0 | Take profit distance |
| Fixed stop loss | 0 | Stop loss distance |
| MM | ==== Risk Management ==== | |
| Recovery mode | FALSE | |
| Fixed lots | 0.1 | Trade size in lots |
| Auto mm | 0.0 | |
| Auto mm max | 5.0 |
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: Time Filter · Risk & Lot Size · Multi-Currency · RSI · Moving Average · Bollinger Bands · MT4 Expert Advisor · MQL4 Source Code