Trading Robots for MetaTrader 4
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MetaTrader 4
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Overview
BlackSharkAlgo Pro - Advanced Expert Advisor for MetaTrader 4
BlackSharkAlgo Pro is a Expert Advisor (EA) for MetaTrader 4, developed for experienced traders seeking an adaptive and versatile automated trading solution. This EA utilizes advanced algorithms to identify and execute trades across many currency pairs and Gold (XAUUSD), prioritizing robust risk management and precise position control.
Required Configuration
For the EA to function correctly, please add the following URLs to your MetaTrader 4 WebRequest list (Tools > Options > Expert Advisors > "Allow WebRequest for listed URL"):
- nfs.faireconomy.media
- worldtimeserver.com
- hamoon.net
Important Notes and Recommendations
- Ensure the "Allow DLL imports" setting is DISABLED in MetaTrader 4 (Tools > Options > Expert Advisors). This product does not use or require DLLs.
- For support or questions after purchase, please contact us using the MQL5 private messaging system.
- For potentially lower trading costs and better execution, consider using ECN or RAW spread accounts with regulated brokers offering low spreads.
Downloadable Settings Files (.set) for MT4
Preset configuration files optimized for MetaTrader 4 are available:
- XAUUSD Conservative Settings (MT4)
- 28 Pairs Non-Portfolio Mode Settings (MT4)
- XAUUSD High Performance Mode Settings (MT4)
Further Information
For detailed setup instructions and more details, please refer to the product guide available on our MQL5 Blog (Instructions may refer generally, ensure MT4 specific settings are used).
Recommended Trading Parameters
| Parameter | Value |
|---|---|
| Symbol(s) | XAUUSD (or multiple pairs as per .set file) |
| Timeframe | H1 |
| Leverage | Minimum 1:100 (1:500 Recommended) |
| Minimum Deposit | $500 ($1000 Recommended) |
Note: These are general recommendations. Adjust parameters based on your individual risk tolerance, account balance, and broker conditions.
Key Features
- Intelligent Position Management: Features an advanced mechanism with adaptive lot size calculation and optional grid strategies.
- Multi-Asset Compatibility: Designed for Gold (XAUUSD) and adaptable to most currency pairs (e.g., EURUSD, GBPUSD). Supports portfolio diversification.
- Portfolio Profit Management: An optional "Portfolio Mode" allows for unified management and profit securing across multiple instruments, aiming to reduce overall market exposure.
- News Filter Integration:
- Monitors a real-time economic calendar.
- Manages trading activity around news events to navigate potential volatility.
- Customizable Risk Controls:
- Adaptive drawdown protection mechanisms.
- Various lot sizing methods (fixed, dynamic, risk percentage).
- Adjustable conservative trading mode.
- Correlation filter to help manage exposure across related currency pairs.
- Prop-Firm Compliance Settings: Includes features designed to assist traders in adhering to common proprietary firm requirements.
- Advanced Order Handling: Tools designed for precise and efficient order execution within MT4 limitations.
- Versatile Trailing Stop: Customizable trailing stop system to help secure profits.
- Adaptive Position Sizing: Calculates position sizes dynamically based on market conditions and risk settings.
