Autopipster
Autopipster is an expert advisor (trading robot) for MetaTrader 4 from the Old Kings collection. Its source code uses moving averages and ATR. It raises the lot size after losses (martingale — high risk), works with a grid of orders and places pending orders. It has 35 settings, for example S1 (default ---------------- Money M), Lots (default 0.1) and Lots Digits (default 2). 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 Autopipster
Autopipster is an expert advisor (trading robot) for MetaTrader 4 based on Moving Average and ATR. It increases the lot size after a losing trade (martingale), opens a grid of orders at fixed price steps and places pending buy/sell stop or limit orders. It has 35 settings, such as S1, Lots and Lots digits. MQL source code included.
It also moves the stop loss behind price (trailing stop / break-even).
Files in the download: Autopipster.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 |
|---|---|---|
| S1 | ---------------- Money Management | |
| Lots | 0.1 | lots size |
| Lots digits | 2 | 2 - micro lots 0.01, 1 - mini lots 0.1, 0 - standard lots 1.0 |
| Mm type | 1 | 0-lots, 1-lotexponent, 2-lotexponent if loss |
| Lot exponent | 1.667 | multiply lots size |
| Use equity stop | false | close trades at equity loss |
| Total equity risk | 20 | loss as a percentage of equity |
| S2 | ---------------- Order Management | |
| Max trades | 10 | Maximum number of open trades |
| Use close | false | |
| Use add | true | |
| Pip step | 30 | Distance between orders |
| Stoploss | 500 | Stop loss distance |
| Take profit | 10 | Take profit distance |
| Hide s land tp | false | |
| Trail start | 10 | Trailing stop distance or switch |
| Trail stop | 10 | Trailing stop distance or switch |
| Use trailing stop | false | Trailing stop distance or switch |
| Use time out | false | |
| Max trade open hours | 48 | |
| Slippage | 3 | Maximum slippage allowed when opening a trade |
| Magic number | 12324 | Magic number that tells this EA's orders apart |
| S3 | ---------------- Extras Settings | |
| Close at max orders | false | Maximum number of open trades |
| Max orders | 100 | Maximum number of open trades |
| Double ma filter | false | |
| Ma period1 | 5 | Number of bars in the calculation |
| Ma method1 | 0 | 0=sma, 1=ema, ... |
| Ma price1 | 0 | 0=applied to close,... |
| Ma period2 | 24 | Number of bars in the calculation |
| Ma method2 | 0 | 0=sma, 1=ema, ... |
| Ma price2 | 0 | 0=applied to close,... |
| Auto atrtp | false | |
| Atr period | 14 | Period or timeframe used by the calculation |
| X times atr | 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: Martingale · Grid · Pending Orders · Trailing Stop & Break-even · Moving Average · ATR · MT4 Expert Advisor · MQL4 Source Code