Algo Trade Soft Innovative EA 3
From the Old Kings archive: Algo Trade Soft Innovative EA 3, an expert advisor (trading robot) for MetaTrader 4. In the code it works with a trend filter. It places pending orders, moves the stop behind price and has a trading-hours filter. It has 40 settings, for example Expert Properties (default ========================), Expert Id (default 8888) and Expert Comment (default AlgoTradeSoft). 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 Algo Trade Soft Innovative EA 3
Algo Trade Soft Innovative EA 3 is an expert advisor (trading robot) for MetaTrader 4 based on Trend. 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 Expert properties, Expert id and Expert comment. MQL source code included.
It also can size trades from your balance and risk percent.
Files in the download: AlgoTradeSoft Innovative EA unlocked.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 |
|---|---|---|
| Expert properties | ================================== | |
| Expert id | 8888 | |
| Expert comment | AlgoTradeSoft | Comment written on the orders |
| Order properties | =================================== | |
| Spread properties | -------------S P R E A D---- | Maximum spread allowed to trade |
| Spread max average | 2.0 | Maximum spread allowed to trade |
| Spread fast back test | true | Maximum spread allowed to trade |
| Lot properties | -----------------L O T----------- | |
| Lot type | 1 | |
| Lot fixed size | 0.1 | |
| Lot risk | 1.0 | Risk per trade (percent of balance) |
| Lot max | 0.0 | |
| Lot personal percent | 0.0 | |
| Stop loss properties | ----------S T O P - L O S S---------- | Stop loss distance |
| Stop loss fixed size | 1.5 | Stop loss distance |
| Take profit properties | --------T A K E - P R O F I T---- | Take profit distance |
| Take profit fixed size | 150.0 | Take profit distance |
| Break even properties | ---------B R E A K - E V E N----- | Move the stop to break-even |
| Break even after | 3.0 | Move the stop to break-even |
| Break even to | 1.0 | Move the stop to break-even |
| Trailing stop properties | ------T R A I L I N G - S T O P---- | Trailing stop distance or switch |
| Trailing stop size | 1.0 | Trailing stop distance or switch |
| Trailing stop step | 0.8 | Trailing stop distance or switch |
| Trailing stop correct sl | true | Trailing stop distance or switch |
| Trailing stop use real op and sl | true | Trailing stop distance or switch |
| Trailing stop trailing mode | 0 | Trailing stop distance or switch |
| Trailing stop time scale | 1 | Trailing stop distance or switch |
| Trailing stop volatility scale | 3 | Trailing stop distance or switch |
| Trailing stop volume scale | 3 | Trailing stop distance or switch |
| Trailing stop change corr | 1.2 | Trailing stop distance or switch |
| Time properties | ---------------T I M E---------- | |
| Every day start hour | 23 | Hour when trading starts (server time) |
| Every day start minute | 50 | |
| Every day end hour | 21 | Hour when trading stops (server time) |
| Every day end minute | 45 | |
| Friday stop time | 20:45 | |
| Time gmt properties | -----------------------G M T--------- | |
| Time gmt mode | 0 | |
| Time manual gmt offset | 2 | |
| Signal properties | ====================================== |
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 · Trend · MT4 Expert Advisor · MQL4 Source Code