E Monday LS MM
E Monday LS MM — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. It moves the stop behind price, has a trading-hours filter and can size trades from your risk. It has 16 settings, for example Money Management (default ----- MoneyManagement), Money Management (default True) and Riskpercent (default 50). 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 E Monday LS MM
E Monday LS MM is an expert advisor (trading robot) for MetaTrader 4. 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 16 settings, such as Money management, Money management and Riskpercent. MQL source code included.
Files in the download: e-Monday_LS_MM.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 |
|---|---|---|
| Money management | ----- MoneyManagement | |
| Money management | True | |
| Riskpercent | 50 | Risk per trade (percent of balance) |
| Parameters trade | ----- | |
| L stop loss | 45 | Stop loss distance |
| L take profit | 180 | Take profit distance |
| L day for close | 4 | |
| L hour close pos | 10 | |
| S stop loss | 35 | Stop loss distance |
| S take profit | 250 | Take profit distance |
| S day for close | 2 | |
| S hour close pos | 13 | |
| Hour open pos | 11 | |
| Range friday | 0 | (Open-Close) |
| Lots | 0.1 | Trade size in lots |
| Slippage | 3 | Maximum slippage allowed when opening a trade |
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 · Trailing Stop & Break-even · Time Filter · MT4 Expert Advisor · MQL4 Source Code