EMA Cross Derk V01
This Old Kings script for MetaTrader 4 is called EMA Cross Derk V01. Judging by its name, it is built around moving averages. The file name marks it as version 01. In the code it works with moving averages. It can send alerts. It has 10 settings, for example Take Profit (default 130), Stop Loss (default 100) and Lots (default 1). Scripts run once when you drop them on a chart; try it on a demo account first. 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.
Script · MT4 · v01 · Free
About EMA Cross Derk V01
EMA Cross Derk V01 is a script for MetaTrader 4 based on Moving Average. It can alert you with a pop-up, sound, email or push message. It has 10 settings, such as Take profit, Stop loss and Lots. MQL source code included.
Files in the download: EMA_CROSS_Derk_v01.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Take profit | 130 | Take profit distance |
| Stop loss | 100 | Stop loss distance |
| Lots | 1 | Trade size in lots |
| Trailing stop type | 2 | Trailing stop distance or switch |
| Trailing stop | 20 | Trailing stop distance or switch |
| Short ema | 10 | 17? |
| Long ema | 80 | 40? |
| Exit on cross | false | |
| Signal candle | 0 | |
| Magic number | 54145 | Magic number that tells this EA's orders apart |
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 → Scripts.
- 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 script onto a chart to run it once.
Tags: Moving Average · Alerts · MT4 Expert Advisor · MQL4 Source Code