EMA 6 122
From the Old Kings archive: EMA 6 122, an expert advisor (trading robot) for MetaTrader 4. Judging by its name, it is built around moving averages. In the code it works with moving averages. It moves the stop behind price and handles several symbols. It has 8 settings, for example Trailing Stop (default 40), Take Profit (default 1000) and Lots (default 1). 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 EMA 6 122
EMA 6 122 is an expert advisor (trading robot) for MetaTrader 4 based on Moving Average. It moves the stop loss behind price (trailing stop / break-even) and works on several symbols at once. It has 8 settings, such as Trailing stop, Take profit and Lots. MQL source code included.
Files in the download: EMA_6_122.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 |
|---|---|---|
| Trailing stop | 40 | Trailing stop distance or switch |
| Take profit | 1000 | any big number |
| Lots | 1 | Trade size in lots |
| Slippage | 5 | Maximum slippage allowed when opening a trade |
| Current bar | 1 | |
| Use close | true | |
| Short ema | 6 | |
| Long ema | 12 |
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: Moving Average · Trailing Stop & Break-even · Multi-Currency · MT4 Expert Advisor · MQL4 Source Code