E Fatl
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called E Fatl. It can size trades from your risk. It has 14 settings, for example Parameters Expert (default ----- ), Lots (default 0.1) and SL (default 15). 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 · v1.0 · Free
About E Fatl
E Fatl is an expert advisor (trading robot) for MetaTrader 4. It can size trades from your balance and risk percent. It has 14 settings, such as Parameters expert, Lots and SL. MQL source code included.
Files in the download: e-fatl.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 expert | ----- | |
| Lots | 0.1 | Trade size in lots |
| SL | 15 | Stop loss distance |
| TP | 30 | Take profit distance |
| Magic | 4802454 | Magic number that tells this EA's orders apart |
| Parameters tral | ----- | |
| Tral | ||
| T st op | 10 | |
| T st ep | 5 | Distance between orders |
| Bezubitok | 0 | |
| Parameters mm | ----- | |
| MM | ||
| Maximum risk | 0.03 | Risk per trade (percent of balance) |
| Decrease factor | 3 |
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: Risk & Lot Size · MT4 Expert Advisor · MQL4 Source Code