EMA2
EMA2 — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. Its source code uses moving averages. It moves the stop behind price and can size trades from your risk. It has 10 settings, for example Short Ema (default 4), Short Ema2 (default 11) and Long Ema (default 16). 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 EMA2
EMA2 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 can size trades from your balance and risk percent. It has 10 settings, such as Short ema, Short ema2 and Long ema. MQL source code included.
Files in the download: EMA2.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 | 4 | MA |
| Short ema2 | 11 | MA |
| Long ema | 16 | MA |
| Shift ema | 1 | Bar shift (0 = current bar) |
| Risk max | 45 | Risk per trade (percent of balance) |
| Lots max | 90.0 | |
| Decrease factor | 6 | |
| Take profit | 60 | Take profit distance |
| Stop loss | 80 | Stop loss distance |
| Trailing stop | 40 | Trailing stop distance or switch |
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 · Risk & Lot Size · Moving Average · MT4 Expert Advisor · MQL4 Source Code