E Monday LS
E Monday LS is an expert advisor (trading robot) for MetaTrader 4 from the Old Kings collection. It moves the stop behind price and has a trading-hours filter. It has 13 settings, for example Parameters Trade (default ----- ), l Stop Loss (default 45) and l Take Profit (default 180). Before any live use, test it on a demo account and check its lot size, stop loss and trading hours. 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
E Monday LS is an expert advisor (trading robot) for MetaTrader 4. It moves the stop loss behind price (trailing stop / break-even) and trades only in the hours you set (time filter). It has 13 settings, such as Parameters trade, L stop loss and L take profit. MQL source code included.
Files in the download: e-Monday_LS.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 | ----- | |
| 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: Trailing Stop & Break-even · Time Filter · MT4 Expert Advisor · MQL4 Source Code