Day Trading5
Day Trading5 — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. Its source code uses MACD, the Stochastic oscillator and Parabolic SAR. It moves the stop behind price, has a trading-hours filter and can size trades from your risk. It has 10 settings, for example lots (default 1.0), trailing Stop (default 15) and take Profit (default 20). 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 Day Trading5
Day Trading5 is an expert advisor (trading robot) for MetaTrader 4 based on MACD, Stochastic and Parabolic SAR. It 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. It has 10 settings, such as Lots, Trailing stop and Take profit. MQL source code included.
Files in the download: DayTrading5.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 |
|---|---|---|
| Lots | 1.0 | Trade size in lots |
| Trailing stop | 15 | trail stop in points |
| Take profit | 20 | recomended no more than 20 |
| Stop loss | 30 | do not use s/l |
| Slippage | 3 | Could be higher with some brokers |
| Use hour trade | True | False for always trading |
| From hour trade | 7 | |
| To hour trade | 21 | |
| Name ea | Daytrading | To "easy read" which EA place an specific order |
| Magic ea | 19000 | Magic EA identifier. Allows for several co-existing EA with different input values |
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: Trailing Stop & Break-even · Time Filter · Risk & Lot Size · MACD · Stochastic · Parabolic SAR · MT4 Expert Advisor · MQL4 Source Code