E 5mSAR V 1 .0.2
E 5mSAR V 1 .0.2 is an expert advisor (trading robot) for MetaTrader 4 from the Old Kings collection. This copy is version 1. Its source code uses Parabolic SAR. It moves the stop behind price and has a trading-hours filter. It has 26 settings, for example Parameters Trade (default ---------- ), Lots (default 0.1) and Stop Loss (default 18). 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 · v1 · Free
About E 5mSAR V 1 .0.2
E 5mSAR V 1 .0.2 is an expert advisor (trading robot) for MetaTrader 4 based on Parabolic SAR. It moves the stop loss behind price (trailing stop / break-even) and trades only in the hours you set (time filter). It has 26 settings, such as Parameters trade, Lots and Stop loss. MQL source code included.
Files in the download: e-5mSAR_v[1].0.2.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 |
|---|---|---|
| Parameters trade | ---------- | |
| Lots | 0.1 | Trade size in lots |
| Stop loss | 18 | Stop loss distance |
| Take profit | 60 | Take profit distance |
| Profit trailing | True | Trailing stop distance or switch |
| Trailing stop | 15 | Trailing stop distance or switch |
| Trailing step | 3 | Trailing stop distance or switch |
| Slippage | 5 | Maximum slippage allowed when opening a trade |
| Use hour trade | True | |
| Hour beg trade | 4 | |
| Hour end trade | 19 | |
| Parameters indicator | ---------- | |
| Step parabolic | 0.03 | Distance between orders |
| Max parabolic | 0.3 | |
| Parameters expert | ---------- | |
| Use one account | True | |
| Number account | 71597 | |
| Name expert | e-5mSAR_v.0.2 | |
| Use sound | True | Turn this alert on or off |
| Name file sound | expert.wav | Turn this alert on or off |
| Cl open buy | LightBlue | |
| Cl open sell | LightCoral | |
| Cl modify buy | Aqua | |
| Cl modify sell | Tomato | |
| Cl close buy | Blue | |
| Cl close sell | Red |
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 · Parabolic SAR · MT4 Expert Advisor · MQL4 Source Code