Aladdin2FX 2
From the Old Kings archive: Aladdin2FX 2, an expert advisor (trading robot) for MetaTrader 4. In the code it works with Momentum. It places pending orders and can size trades from your risk. It has 10 settings, for example Risk (default 10), Stop Loss (default 0) and Max Orders Count (default 5). 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 Aladdin2FX 2
Aladdin2FX 2 is an expert advisor (trading robot) for MetaTrader 4 based on Momentum. It places pending buy/sell stop or limit orders and can size trades from your balance and risk percent. It has 10 settings, such as Risk, Stop loss and Max orders count. MQL source code included.
Files in the download: Aladdin2FX~.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 |
|---|---|---|
| Risk | 10 | Risk per trade (percent of balance) |
| Stop loss | 0 | Stop loss distance |
| Max orders count | 5 | Maximum number of open trades |
| Re invest | 0.005 | |
| Kol inst | 1 | |
| Min lot size | 0.01 | |
| Max lot size | 0.0 | |
| Step lot size | 0.01 | Distance between orders |
| Max spread | 12 | Maximum spread allowed to trade |
| Timeout | 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: Pending Orders · Risk & Lot Size · Momentum · MT4 Expert Advisor · MQL4 Source Code