100 Pips V2 Inverso
From the Old Kings archive: 100 Pips V2 Inverso, an expert advisor (trading robot) for MetaTrader 4. The file name marks it as version 2. In the code it works with moving averages. It moves the stop behind price and can size trades from your risk. It has 18 settings, for example timeframe (default 0), stop Loss (default 300) and l Take Profit (default 20). 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 · v2 · Free
About 100 Pips V2 Inverso
100 Pips V2 Inverso is an expert advisor (trading robot) for MetaTrader 4 based on Moving Average. It moves the stop loss behind price (trailing stop / break-even) and can size trades from your balance and risk percent. It has 18 settings, such as Timeframe, Stop loss and L take profit. MQL source code included.
Files in the download: 100 pips v2 inverso.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 |
|---|---|---|
| Timeframe | 0 | Period or timeframe used by the calculation |
| Stop loss | 300 | Stop loss distance |
| L take profit | 20 | Take profit distance |
| S take profit | 20 | Take profit distance |
| L trailing stop | 0 | Trailing stop distance or switch |
| S trailing stop | 0 | Trailing stop distance or switch |
| Cl open buy | Blue | |
| Cl close buy | Aqua | |
| Cl open sell | Red | |
| Cl close sell | Violet | |
| Cl modi buy | Blue | |
| Cl modi sell | Red | |
| Name expert | Generate from Gordago | |
| Slippage | 2 | Maximum slippage allowed when opening a trade |
| Use sound | True | Turn this alert on or off |
| Name file sound | shotgun.wav | Turn this alert on or off |
| Name file sound cash | cash.wav | Turn this alert on or off |
| Lots | 0.1 | Trade size in lots |
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: Trailing Stop & Break-even · Risk & Lot Size · Moving Average · MT4 Expert Advisor · MQL4 Source Code