Exp Arbitr Open Lim
Exp Arbitr Open Lim is an expert advisor (trading robot) for MetaTrader 4 from the Old Kings collection. It places pending orders, moves the stop behind price and has a trading-hours filter. It has 26 settings, for example Message Box (default True), Magic Number (default 0) and Symbol 1 (default GCZ1). 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 Exp Arbitr Open Lim
Exp Arbitr Open Lim is an expert advisor (trading robot) for MetaTrader 4. 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 26 settings, such as Message box, Magic number and Symbol 1. MQL source code included.
Files in the download: Exp_Arbitr_OpenLim_01.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 |
|---|---|---|
| Message box | True | () |
| Magic number | 0 | Magic number that tells this EA's orders apart |
| Symbol 1 | GCZ1 | |
| Symbol 2 | SIZ1 | |
| Open | === === | |
| Start trade | False | |
| Order symbol 1 | OP_SELLLIMIT | |
| Order symbol 2 | OP_BUYLIMIT | |
| Lots 1 | 0.01 | |
| Price 1 | 1827 | |
| Lots 2 | 0.01 | |
| Price 2 | 40.55 | |
| Time | === === | |
| Time | False | |
| Start | 3 | |
| End | 22 | |
| Ts | === === | |
| Use trailing stop | true | Trailing stop distance or switch |
| Profit trailing | true | Trailing stop distance or switch |
| Trailing stop | 21 | Trailing stop distance or switch |
| Trailing step | 1 | Trailing stop distance or switch |
| Close | = / = | |
| Close profit | true | |
| Close profit | 52.4 | |
| Close loss | 88.2 | |
| Market ex | 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: Pending Orders · Trailing Stop & Break-even · Time Filter · MT4 Expert Advisor · MQL4 Source Code