Cable Run Limit Stop
Cable Run Limit Stop is an expert advisor (trading robot) for MetaTrader 4 from the Old Kings collection. It places pending orders, moves the stop behind price and can size trades from your risk. It has 22 settings, for example Step (default 200), First Lot (default 0.01) and Inc Lot (default 0.0). Before any live use, test it on a demo account and check its lot size, stop loss and trading hours. Inside: 4 EA files 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 Cable Run Limit Stop
Cable Run Limit Stop 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 can size trades from your balance and risk percent. It has 22 settings, such as Step, First lot and Inc lot. MQL source code included.
Files in the download: Cable Run v1_OP_LIMIT.mq4, Cable Run v1_OP_STOP.mq4, e-VTrailing_OP_LIMIT.mq4, e-VTrailing_OP_STOP.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 |
|---|---|---|
| Step | 200 | Distance between orders |
| First lot | 0.01 | |
| Inc lot | 0.0 | |
| Min profit | 5.0 | |
| Magic | 2002 | Magic number that tells this EA's orders apart |
| P expert | ---------- | |
| Number account | 0 | |
| Symbol | ||
| Operation | -1 | : |
| Magic number | 2002 | Magic number that tells this EA's orders apart |
| Profit trailing | True | Trailing stop distance or switch |
| Trailing stop | 3 | Trailing stop distance or switch |
| Trailing step | 1.2 | Trailing stop distance or switch |
| P performance | ---------- | |
| Show comment | True | Comment written on the orders |
| Print enable | True | |
| All messages | True | |
| Use sound | False | Turn this alert on or off |
| Sound success | ok.wav | Turn this alert on or off |
| Sound error | timeout.wav | Turn this alert on or off |
| Slippage | 2 | Maximum slippage allowed when opening a trade |
| Number of try | 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 · Trailing Stop & Break-even · Risk & Lot Size · MT4 Expert Advisor · MQL4 Source Code