Elliot
Elliot is an expert advisor (trading robot) for MetaTrader 4 from the Old Kings collection. It moves the stop behind price, has a trading-hours filter and can size trades from your risk. It has 19 settings, for example s Name Expert (default Elliot Expert), n Account (default 0) and d Buy Stop Loss Point (default 20). 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 Elliot
Elliot 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 19 settings, such as S name expert, N account and D buy stop loss point. MQL source code included.
Files in the download: elliot.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 |
|---|---|---|
| S name expert | Elliot Expert | |
| N account | 0 | |
| D buy stop loss point | 20 | Stop loss distance |
| D sell stop loss point | 20 | Stop loss distance |
| D buy take profit point | 100 | Take profit distance |
| D sell take profit point | 100 | Take profit distance |
| D buy trailing stop point | 20 | Trailing stop distance or switch |
| D sell trailing stop point | 20 | Trailing stop distance or switch |
| D lots | 1 | |
| N slippage | 3 | Maximum slippage allowed when opening a trade |
| L flag use hour trade | False | |
| N from hour trade | 0 | |
| N to hour trade | 23 | |
| L flag use sound | False | Turn this alert on or off |
| S sound file name | alert.wav | Turn this alert on or off |
| Color open buy | Blue | Colour on the chart |
| Color close buy | Aqua | Colour on the chart |
| Color open sell | Red | Colour on the chart |
| Color close sell | Aqua | 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: Trailing Stop & Break-even · Time Filter · Risk & Lot Size · MT4 Expert Advisor · MQL4 Source Code