Cob Web V2.3
Cob Web V2.3 is an expert advisor (trading robot) for MetaTrader 4 from the Old Kings collection. This copy is version 2.3. It places pending orders and moves the stop behind price. It has 25 settings, for example Magic (default 1032), Diff (default 15) and Stop Loss (default 70). 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 · v2.3 · Free
About Cob Web V2.3
Cob Web V2.3 is an expert advisor (trading robot) for MetaTrader 4. It places pending buy/sell stop or limit orders and moves the stop loss behind price (trailing stop / break-even). It has 25 settings, such as Magic, Diff and Stop loss. MQL source code included.
Files in the download: CobWeb_v2.3.mq4, Текстовый документ.txt.
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 | 1032 | Magic number that tells this EA's orders apart |
| Diff | 15 | |
| Stop loss | 70 | Stop loss distance |
| Use trail cycle1 | true | Trailing stop distance or switch |
| Trail period | 20 | Trailing stop distance or switch |
| Trail value | 5 | Trailing stop distance or switch |
| Trail min | 7 | Trailing stop distance or switch |
| Use trail cycle2 | true | - |
| Stop loss flash after | 80 | Stop loss distance |
| Delay minutes | 60 | , . . |
| Use trail cycle3 | true | UseTrailCycle1, . LetLoose |
| Let loose | 50 | |
| Trail period3 | 20 | Trailing stop distance or switch |
| Trail value3 | 5 | Trailing stop distance or switch |
| Trail min3 | 7 | Trailing stop distance or switch |
| Lots 1 | 0.1 | |
| Lots 2 | 0.2 | |
| Lots 3 | 0.3 | |
| Lots 4 | 0.4 | |
| Lots 5 | 0.5 | |
| Lots 6 | 0.6 | |
| Lots 7 | 0.7 | |
| Lots 8 | 0.8 | |
| Lots 9 | 0.9 | |
| Lots 10 | 1.0 |
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 · MT4 Expert Advisor · MQL4 Source Code