Dealers Trade Limit Orders 12.11 MACD & MACD2 Universal
Dealers Trade Limit Orders 12.11 MACD & MACD2 Universal is an expert advisor (trading robot) for MetaTrader 4 from the Old Kings collection. As the name suggests, the idea behind it is MACD (moving average convergence / divergence). Its source code uses MACD. It places pending orders, moves the stop behind price and can size trades from your risk. It has 40 settings, for example com0 (default (SL,TP) ), Set Sl Tp At Open (default FALSE) and com01 (default ). Watch it on a demo account for a while — robots can behave differently with each broker. 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 Dealers Trade Limit Orders 12.11 MACD & MACD2 Universal
Dealers Trade Limit Orders 12.11 MACD & MACD2 Universal is an expert advisor (trading robot) for MetaTrader 4 based on MACD. 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 Com0, Set sl tp at open and Com01. MQL source code included.
Files in the download: Dealers Trade Limit Orders 12.11 MACD & MACD2 Universal~.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 |
|---|---|---|
| Com0 | (SL,TP) | |
| Set sl tp at open | FALSE | |
| Com01 | ||
| Only one order | FALSE | |
| Com02 | ||
| Move profit | TRUE | |
| Com03 | ||
| Trade by market orders | FALSE | |
| Com04 | IR() WQ() | |
| Ir ili wq | TRUE | |
| Com05 | ||
| Need wait new bar | FALSE | |
| Com06 | ||
| MAGIC | 123456 | Magic number that tells this EA's orders apart |
| Com07 | 0 Lots | |
| Com08 | 1 | |
| Mm | 0 | |
| Com09 | =1 | |
| Risk | 0.1 | Risk per trade (percent of balance) |
| Com10 | ||
| Slippage | 2 | Maximum slippage allowed when opening a trade |
| Com11 | ||
| Min margin | 10.0 | |
| Com12 | ||
| Max margin | 9999999.0 | |
| Com13 | NeedDiffParameters=true | |
| Com14 | ||
| Need diff parameters | FALSE | |
| Lots | 0.01 | Trade size in lots |
| Max trades | 15 | Maximum number of open trades |
| Pips | 40 | |
| Doble | 2.5 | |
| Take profit1 | 40 | Take profit distance |
| Stop loss1 | 0 | Stop loss distance |
| Trailing stop1 | 0 | Trailing stop distance or switch |
| Com15 | Revers=0 1 | |
| Revers | 0 | |
| Com16 | ||
| Com17 | ProfitCloce=0 | |
| Profit cloce | 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: MACD · Pending Orders · Trailing Stop & Break-even · Risk & Lot Size · MT4 Expert Advisor · MQL4 Source Code