Doji Arrows Expert1
Doji Arrows Expert1 — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. As the name suggests, the idea behind it is candlestick patterns and buy / sell signals on the chart. It places pending orders and moves the stop behind price. It has 11 settings, for example Take Profit (default 25), Lots (default 1) and Trailing Stop (default 10). Watch it on a demo account for a while — robots can behave differently with each broker. Inside: 1 indicator 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 Doji Arrows Expert1
Doji Arrows Expert1 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 11 settings, such as Take profit, Lots and Trailing stop. MQL source code included.
Files in the download: doji_arrows expert1.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 |
|---|---|---|
| Take profit | 25 | Take profit distance |
| Lots | 1 | Trade size in lots |
| Trailing stop | 10 | Trailing stop distance or switch |
| Initial stop | 20 | |
| Slip | 0 | exits only |
| Lp | 300 | |
| Sp | 30 | |
| Threshold b | 0.0001 | |
| Threshold s | -0.0001 | |
| SSP | 9 | |
| Count bars | 2000 |
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: Candlestick Patterns · Buy/Sell Arrows · Pending Orders · Trailing Stop & Break-even · MT4 Indicator · MQL4 Source Code