Charles1.3.7
Charles1.3.7 — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. It places pending orders, moves the stop behind price and can size trades from your risk. It has 20 settings, for example Anchor (default 25), x Factor (default 1.5) and Time Set (default 07:32). 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 Charles1.3.7
Charles1.3.7 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 20 settings, such as Anchor, X factor and Time set. MQL source code included.
Files in the download: Charles1_3_7.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 |
|---|---|---|
| Anchor | 25 | |
| X factor | 1.5 | |
| Time set | 07:32 | |
| Amount | 1.0 | |
| Risk percent | 5 | Risk per trade (percent of balance) |
| Lot percent | 5 | |
| Lots | 0.01 | Trade size in lots |
| Stop loss | 0 | Stop loss distance |
| Trailing profit | 150 | Trailing stop distance or switch |
| Trailing stop | 80 | Trailing stop distance or switch |
| Slippage | 2 | Maximum slippage allowed when opening a trade |
| Macd | Quick, Slow, Signal | |
| Qema | 10 | |
| Sema | 32 | |
| Signalmacd | 4 | |
| Ema | fast close, slow open. | |
| Fastema | 8 | |
| Slowema | 14 | |
| All orders | false | |
| Log to file | false |
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