Cash Hammer
Cash Hammer is an expert advisor (trading robot) for MetaTrader 4 from the Old Kings collection. Judging by its name, it is built around candlestick patterns. It places pending orders, moves the stop behind price and can size trades from your risk. It has 40 settings, for example 1 (default __Signal__), pips (default 10) and 2 (default __Trade__). Run it in the Strategy Tester and then on a demo account to see how it opens and closes trades. Inside: 4 EA files with source code (.mq4) you can open and edit in MetaEditor, 7 settings files (.set) and a PDF guide. 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 Cash Hammer
Cash Hammer 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 40 settings, such as 1, Pips and 2. MQL source code included.
Files in the download: Cash Hammer 5.01MM no DLL.txt, Cash_Hammer_5.01_no_DLL.mq4, cash hammer MANUAL Ru.pdf, 1_min_24.21_86.05.set, 1_min_4.13_50.08.set, 1_min_prib_2.39_mat-oj_199.55.set, Cash_Hammer_v2.0.ex4, Cash_Hammer_v2.0~.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 |
|---|---|---|
| 1 | __Signal__ | |
| Pips | 10 | |
| 2 | __Trade__ | |
| Op buy | TRUE | |
| Op sell | TRUE | |
| Lots | 0.1 | Trade size in lots |
| Stop loss | 0 | Stop loss distance |
| Take profit | 30 | Take profit distance |
| Magic number | 10 | Magic number that tells this EA's orders apart |
| 3 | __Traling__ | |
| Traling | FALSE | |
| 4 | __Lock __ | |
| Lock | TRUE | |
| Lock trl | FALSE | |
| Lock pips | 13 | |
| Koef lot lock | 2.0 | |
| Stop loss lock | 0 | Stop loss distance |
| 5 | __Averag__ | |
| Averages | TRUE | |
| Mn b | 200 | |
| Mn s | 300 | |
| Pips prosadka | 22 | |
| Otstyp | 13.0 | |
| Koef lot | 1.1 | |
| Exponents | 1.0 | How much the lot size grows after a loss |
| Take profit av | 34 | Take profit distance |
| 6 | __Rest __ | |
| Show comment | TRUE | Comment written on the orders |
| TF | 0 | Period or timeframe used by the calculation |
| Choice method | FALSE | |
| Risk | 0.0 | Risk per trade (percent of balance) |
| Ts profit only | TRUE | |
| Trailing step | 10 | Trailing stop distance or switch |
| Slippage | 3 | Maximum slippage allowed when opening a trade |
| Market watch | FALSE | |
| ALERT | TRUE | Turn this alert on or off |
| 1 | ||
| 2 | ||
| Number of try | 0 | |
| ____________ | ______ __________________ |
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