Exp TL01R
From the Old Kings archive: Exp TL01R, an expert advisor (trading robot) for MetaTrader 4. It has 10 settings, for example Lot (default 0.1), RPeriod (default 13) and LPeriod (default 2). 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 TL01R
Exp TL01R is an expert advisor (trading robot) for MetaTrader 4. It has 10 settings, such as Lot, R period and L period. MQL source code included.
Files in the download: ExpTL01R.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 |
|---|---|---|
| Lot | 0.1 | Trade size in lots |
| R period | 13 | Period or timeframe used by the calculation |
| L period | 2 | Period or timeframe used by the calculation |
| Profit level1 | 10 | |
| Take level1 | 1 | |
| Profit level2 | 20 | |
| Take level2 | 10 | |
| Profit level3 | 30 | |
| Take level3 | 20 | |
| Trall | 10 |
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: MT4 Expert Advisor · MQL4 Source Code