EA Scalperautopilot
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called EA Scalperautopilot. It raises the lot size after losses (martingale — high risk), places pending orders and moves the stop behind price. It has 33 settings, for example Warning Message (default ALL THE SETS ARE IN PIPS), Pending Orders Set (default ||========= Pending/Mark) and Use Auto Lot Size (default false). 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 EA Scalperautopilot
EA Scalperautopilot is an expert advisor (trading robot) for MetaTrader 4. It increases the lot size after a losing trade (martingale), places pending buy/sell stop or limit orders and moves the stop loss behind price (trailing stop / break-even). It has 33 settings, such as Warning message, Pending orders set and Use auto lot size. MQL source code included.
It also can size trades from your balance and risk percent.
Files in the download: EA SCALPERAUTOPILOT.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 |
|---|---|---|
| Warning message | ALL THE SETS ARE IN PIPS, NOT IN POINTS | |
| Pending orders set | ||========= Pending/Market Orders Sets = | |
| Use auto lot size | false | |
| Risk factor | 1.0 | Risk per trade (percent of balance) |
| Lot size orders | 0.01 | |
| Distance orders | 50 | Distance between orders |
| Delete orphans | true | |
| Add sltp | ||========= Set stop loss and take profi | |
| Put stop loss | true | Stop loss distance |
| Stop loss pips | 20 | Stop loss distance |
| Put take profit | true | Take profit distance |
| Take profit pips | 20 | Take profit distance |
| Trailing sl | ||========= Set trailing stop loss and b | Trailing stop distance or switch |
| Use trailing stop | false | Trailing stop distance or switch |
| Trailing stop | 20 | Trailing stop distance or switch |
| Use break even | false | Move the stop to break-even |
| Break even after | 20 | Move the stop to break-even |
| Break even pips | 10 | Move the stop to break-even |
| Delete sltp | ||========= Delete stop loss and take pr | |
| Delete take profit | false | Take profit distance |
| Delete stop loss | false | Stop loss distance |
| General settings | ||========= General Settings =========|| | |
| Magic number | 12345 | Magic number that tells this EA's orders apart |
| Sound alert | true | Turn this alert on or off |
| Colors settings | ||========= Panel Colors Sets =========| | Colour on the chart |
| Color background | clrHoneydew | Colour on the chart |
| Color font screen | clrBlack | Colour on the chart |
| Color open button | clrDodgerBlue | Colour on the chart |
| Color close button | clrFireBrick | Colour on the chart |
| Color place button | clrMediumSeaGreen | Colour on the chart |
| Color delete button | clrOrange | Colour on the chart |
| Color call button | clrPowderBlue | Colour on the chart |
| Color font button | clrBlack | Colour on the chart |
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: Scalping · Martingale · Pending Orders · Trailing Stop & Break-even · Risk & Lot Size · MT4 Expert Advisor · MQL4 Source Code