EMA Cross 2 Ron Mod V7a
EMA Cross 2 Ron Mod V7a is an expert advisor (trading robot) for MetaTrader 4 from the Old Kings collection. As the name suggests, the idea behind it is moving averages. This copy is a modified edition. Its source code uses moving averages. It places pending orders, moves the stop behind price and has a trading-hours filter. It has 12 settings, for example Short Ema (default 2), Long Ema (default 12) and Profit Made (default 8). 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 · v7a · Free
About EMA Cross 2 Ron Mod V7a
EMA Cross 2 Ron Mod V7a is an expert advisor (trading robot) for MetaTrader 4 based on Moving Average. It places pending buy/sell stop or limit orders, moves the stop loss behind price (trailing stop / break-even) and trades only in the hours you set (time filter). It has 12 settings, such as Short ema, Long ema and Profit made. MQL source code included.
It also can size trades from your balance and risk percent.
Files in the download: EMA_CROSS_2_RonModV7a.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 |
|---|---|---|
| Short ema | 2 | |
| Long ema | 12 | |
| Profit made | 8 | how much money do you expect to make |
| Loss limit | 37 | how much loss can you tolorate |
| Break even | 0 | set break even when this many pips are made |
| Trail stop | 6 | trailing stop (999=no trailing stop) |
| Start hour | 0 | your local time to start making trades |
| Stop hour | 24 | your local time to stop making trades |
| Basket profit | 9999 | if equity reaches this level, close trades |
| Basket loss | 9999 | if equity reaches this -level, close trades |
| Lots | 0.1 | how many lots to trade at a time |
| Lot increase | true | grow lots based on balance = true |
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 · Pending Orders · Trailing Stop & Break-even · Time Filter · Risk & Lot Size · MT4 Expert Advisor · MQL4 Source Code