ASC 2
From the Old Kings archive: ASC 2, an expert advisor (trading robot) for MetaTrader 4. In the code it works with an oscillator. It places pending orders and moves the stop behind price. It has 11 settings, for example Lots (default 0.10), Take Profit (default 100) and Stop Loss (default 40). 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 · v1.0 · Free
About ASC 2
ASC 2 is an expert advisor (trading robot) for MetaTrader 4 based on Oscillator. It places pending buy/sell stop or limit orders and moves the stop loss behind price (trailing stop / break-even). It has 11 settings, such as Lots, Take profit and Stop loss. MQL source code included.
Files in the download: ASC++.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 |
|---|---|---|
| Lots | 0.10 | Trade size in lots |
| Take profit | 100 | Take profit distance |
| Stop loss | 40 | Stop loss distance |
| Trailing stop | 20 | Trailing stop distance or switch |
| Risk | 3 | Risk per trade (percent of balance) |
| Entry stop level | 10 | |
| Entry range | 27 | |
| Ts level1 | 30 | |
| Ts level2 | 60 | |
| Sig val min | 5 | |
| Slippage | 3 | Sllipage |
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 · Oscillator · MT4 Expert Advisor · MQL4 Source Code