Cable Run V4
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called Cable Run V4. The file name marks it as version 4. It places pending orders, has a trading-hours filter and can size trades from your risk. It has 20 settings, for example Step (default 170), First Lot (default 0.1) and Inc Lot (default 0.0). Watch it on a demo account for a while — robots can behave differently with each broker. 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 · v4 · Free
About Cable Run V4
Cable Run V4 is an expert advisor (trading robot) for MetaTrader 4. It places pending buy/sell stop or limit orders, trades only in the hours you set (time filter) and can size trades from your balance and risk percent. It has 20 settings, such as Step, First lot and Inc lot. MQL source code included.
It also has a news filter.
Files in the download: cable_run_v4-1.mq4, cable_run_v4-2.mq4, cable_run_v4_multiplepips.mq4, cable_run_v4_multipleprofit.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 | 170 | Distance between orders |
| First lot | 0.1 | |
| Inc lot | 0.0 | |
| Magic | 2008 | Magic number that tells this EA's orders apart |
| Risk | 0 | Risk per trade (percent of balance) |
| Use hour trade1 | false | |
| Use hour trade2 | false | |
| Use basket profit | true | |
| Basket profit | 15 | |
| Use equity pct close | false | |
| Equity pct | 2.0 | |
| Max loss method | 1 | |
| Max loss pips | 100 | |
| Max loss pct | 5 | |
| Use news filter | false | |
| Mins before news | 60 | |
| Mins after news | 30 | |
| News impact | 3 | |
| Use basket pips | true | |
| Trade pips | 150 |
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 · Time Filter · Risk & Lot Size · News Trading · MT4 Expert Advisor · MQL4 Source Code