Cheytach EA 4
Cheytach EA 4 — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. It raises the lot size after losses (martingale — high risk), can hold buy and sell positions together and places pending orders. It has 40 settings, for example Magic (default 123456), Lots (default 0.01) and Lots Averaging Plus (default 0.01). Before any live use, test it on a demo account and check its lot size, stop loss and trading hours. 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 Cheytach EA 4
Cheytach EA 4 is an expert advisor (trading robot) for MetaTrader 4. It increases the lot size after a losing trade (martingale), can hold buy and sell positions at the same time (hedging) and places pending buy/sell stop or limit orders. It has 40 settings, such as Magic, Lots and Lots averaging plus. MQL source code included.
It also moves the stop loss behind price (trailing stop / break-even), trades only in the hours you set (time filter) and can size trades from your balance and risk percent.
Files in the download: Cheytach_EA (1).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 |
|---|---|---|
| Magic | 123456 | Magic number that tells this EA's orders apart |
| Lots | 0.01 | Trade size in lots |
| Lots averaging plus | 0.01 | |
| Auto lot | FALSE | |
| Equity stop | 10000.0 | |
| Hiden tp | TRUE | |
| TP | 20 | Take profit distance |
| SL | 0 | Stop loss distance |
| Trailing | FALSE | Trailing stop distance or switch |
| TS | 20 | |
| Ts start | 10 | |
| Close by s ignal | TRUE | |
| Must profit | FALSE | |
| Minimum profit | 0.0 | |
| Time info | Time Trading Server | |
| Open hour | 0 | |
| Close hour | 24 | |
| Coment1 | ea | |
| _ | ================================= | |
| Period1 | 5.0 | Number of bars in the calculation |
| Period2 | 12.0 | Number of bars in the calculation |
| Period3 | 35.0 | Number of bars in the calculation |
| Dev step 1 | 1,3 | Distance between orders |
| Dev step 2 | 1,3 | Distance between orders |
| Dev step 3 | 1,3 | Distance between orders |
| Symbol 1 kod | 159 | |
| Symbol 2 kod | 164 | |
| Symbol 3 kod | 164 | |
| _____ | ||
| Box alerts | TRUE | Turn this alert on or off |
| Email alerts | FALSE | Turn this alert on or off |
| Alert lv1 | FALSE | Turn this alert on or off |
| Alert lv2 | FALSE | Turn this alert on or off |
| Alert lv3 | FALSE | Turn this alert on or off |
| Sift x | 1 | |
| Sift s | 1 | |
| Averaging marti | FALSE | |
| Step averaging | 20 | Distance between orders |
| Multiplier | 1.3 | How much the lot size grows after a loss |
| Averaging in next signal | 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: Martingale · Hedging · Pending Orders · Trailing Stop & Break-even · Time Filter · Risk & Lot Size · MT4 Expert Advisor · MQL4 Source Code