Wave Trend S1a
Wave Trend S1a is an expert advisor (trading robot) for MetaTrader 4 from the Old Kings collection. Its name points to wave counting in the Elliott style and following the trend. Its source code uses MACD, moving averages and Bollinger Bands. It can size trades from your risk. It has 8 settings, for example Hours MA (default 26), kg (default 2) and Alfa MA (default 4). 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 · v1.0 · Free
About Wave Trend S1a
Wave Trend S1a is an expert advisor (trading robot) for MetaTrader 4 based on MACD, Moving Average and Bollinger Bands. It can size trades from your balance and risk percent. It has 8 settings, such as Hours ma, Kg and Alfa ma. MQL source code included.
Files in the download: Wave_Trend_s1a.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 |
|---|---|---|
| Hours ma | 26 | () // |
| Kg | 2 | () // |
| Alfa ma | 4 | // |
| Fast macd | 6 | () // |
| Slip | 3 | () // |
| Signal macd | 23 | () // |
| Profit const | 1000 | 1 . // |
| Profit var | 0.4 | . // |
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: Trend · Risk & Lot Size · MACD · Moving Average · Bollinger Bands · MT4 Expert Advisor · MQL4 Source Code