100 Pips V3.1
100 Pips V3.1 — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. This copy is version 3.1. Its source code uses moving averages. It moves the stop behind price and can size trades from your risk. It has 18 settings, for example timeframe (default 5), stop Loss (default 1000) 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 · v3.1 · Free
About 100 Pips V3.1
100 Pips V3.1 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 v3.1.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 | 5 | Period or timeframe used by the calculation |
| Stop loss | 1000 | Stop loss distance |
| L take profit | 20 | Take profit distance |
| S take profit | 15 | Take profit distance |
| L trailing stop | 10 | Trailing stop distance or switch |
| S trailing stop | 10 | 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 | 100 pips | |
| 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 |
| Maximum risk | 0.02 | Risk per trade (percent of balance) |
| Decrease factor | 3 |
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