Werewolf 1.00 ME Lite
Werewolf 1.00 ME Lite — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. Its source code uses moving averages and CCI. It raises the lot size after losses (martingale — high risk), works with a grid of orders and places pending orders. It has 40 settings, for example Set1 (default ====== =====), Lots (default 0.01) and Lot Exponent (default 1.4). 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 Werewolf 1.00 ME Lite
Werewolf 1.00 ME Lite is an expert advisor (trading robot) for MetaTrader 4 based on Moving Average and CCI. It increases the lot size after a losing trade (martingale), opens a grid of orders at fixed price steps and places pending buy/sell stop or limit orders. It has 40 settings, such as Set1, Lots and Lot exponent. MQL source code included.
It also can size trades from your balance and risk percent.
Files in the download: Werewolf 1.00 ME Lite.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 |
|---|---|---|
| Set1 | ====== ===== | |
| Lots | 0.01 | Trade size in lots |
| Lot exponent | 1.4 | How much the lot size grows after a loss |
| Take profit | 8.0 | Take profit distance |
| Slip | 5 | ( ) )) |
| Price po kf | 5 | " " ( 3-5, ) |
| Cltime | 20 | |
| Max trades | 30 | ( "0" ) |
| Magic number b | 777 | , "" |
| Magic number s | 555 | , "" |
| Set2 | ===== ===== | |
| Set3 | ||
| First pip step | 6.0 | Distance between orders |
| Long pip step | 100 | , , EconomProfil FirstEconomOrd |
| Pip step exponent | 1.8 | How much the lot size grows after a loss |
| Set4 | == == | |
| Info | True | |
| Zero | True | |
| Bar control | True | |
| Debug | False | |
| Econom profil | False | |
| First econom ord | 4 | , . , 4, 4, 5, 6 ... 1 . |
| Overlapping | True | |
| Leading order | 4 | . |
| Fl persent | 7 | |
| S1 | ==== ==== | |
| S3 | ADX | |
| Delta adx | 0.12 | ADX . , DeltaADX , . |
| Stop adx | 80 | ADX |
| Start adx | 42 | ADX |
| Period adx | 13 | Number of bars in the calculation |
| S4 | === CCI === | |
| Drop1 | 105 | CCI |
| Drop2 | 75 | CCI |
| S6 | ========== CCI ======== | |
| Per1 | 65 | CCI |
| Per2 | 30 | CCI |
| S7 | ===== CCI- ===== | |
| Drop stop1 | 135 | CCI |
| Drop stop2 | 140 | CCI |
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: Martingale · Grid · Pending Orders · Risk & Lot Size · Moving Average · CCI · MT4 Expert Advisor · MQL4 Source Code