7 ChiC EA
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called 7 ChiC EA. It places pending orders, moves the stop behind price and has a trading-hours filter. It has 40 settings, for example Note1 Main Settings (default == Main Settings ==), Signals Only (default FALSE) and Alerts (default FALSE). Watch it on a demo account for a while — robots can behave differently with each broker. 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 7 ChiC EA
7 ChiC EA is an expert advisor (trading robot) for MetaTrader 4. It places pending buy/sell stop or limit orders, moves the stop loss behind price (trailing stop / break-even) and trades only in the hours you set (time filter). It has 40 settings, such as Note1 main settings, Signals only and Alerts. MQL source code included.
It also can size trades from your balance and risk percent.
Files in the download: 7ChiC EA .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 |
|---|---|---|
| Note1 main settings | == Main Settings == | |
| Signals only | FALSE | |
| Alerts | FALSE | Turn this alert on or off |
| Play sounds | FALSE | Turn this alert on or off |
| Which sound | tick.wav | Turn this alert on or off |
| Alert sound | siren_1 | Turn this alert on or off |
| Note2 money management | == Money Management == | |
| Lots | 0.01 | Trade size in lots |
| Money management | TRUE | |
| Risk | 0.5 | Risk per trade (percent of balance) |
| Note3 high low stop loss | == HiLo SL Settings == | Stop loss distance |
| Stop loss tf | 60 | Stop loss distance |
| Stop loss bars back | 4 | Stop loss distance |
| Stop loss pips from hi lo | 30 | Stop loss distance |
| Note4 break even | == Move SL once Settings == | Move the stop to break-even |
| Move stop once | TRUE | |
| Move stop when price | 300 | |
| Move stop to | 30 | |
| Note5 trailing stop loss | == Trail HiLo Settings == | Stop loss distance |
| Use trail hi lo stop | FALSE | Trailing stop distance or switch |
| Trail bar tf | 240 | Trailing stop distance or switch |
| Trail bars back | 3 | Trailing stop distance or switch |
| Trail pips from hi lo | 0 | Trailing stop distance or switch |
| Note6 open price current | == Filter TF Settings Open == | |
| Filter bar tf | 240 | |
| Note7 high low previous | == Signal TF Settings HiLo == | |
| Signal bar tf | 240 | |
| Note8 trade once every | == Trade Once Per Bar Settings == | |
| Once per bar tf | 240 | |
| Note9 trading hours | == Trading hours are Broker time == | |
| Start trading | 0 | |
| Stop trading | 24 | |
| Note10 open price indic d | == TF Daily == | |
| Show open price d | TRUE | |
| Indi open bars back d | 7 | |
| Indi line color d | White | Colour on the chart |
| Note11 open price indic w | == TF Weekly == | |
| Show open price w | TRUE | |
| Indi open bars back w | 3 | |
| Indi line color w | Green | Colour on the chart |
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: Pending Orders · Trailing Stop & Break-even · Time Filter · Risk & Lot Size · MT4 Expert Advisor · MQL4 Source Code