Expert Advisor Template
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called Expert Advisor Template. It moves the stop behind price, has a trading-hours filter and can size trades from your risk. It has 27 settings, for example Trade Settings, Magic Number (default 101) and Slippage (default 10). 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 · v1.0 · Free
About Expert Advisor Template
Expert Advisor Template is an expert advisor (trading robot) for MetaTrader 4. It moves the stop loss behind price (trailing stop / break-even), trades only in the hours you set (time filter) and can size trades from your balance and risk percent. It has 27 settings, such as Trade settings, Magic number and Slippage. MQL source code included.
Files in the download: Expert Advisor Template.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 |
|---|---|---|
| Trade settings | Trade Settings | |
| Magic number | 101 | Magic number that tells this EA's orders apart |
| Slippage | 10 | Maximum slippage allowed when opening a trade |
| Trade on bar open | true | |
| Money management | Money Management | |
| Use money management | true | |
| Risk percent | 2 | Risk per trade (percent of balance) |
| Fixed lot size | 0.1 | |
| Stops | Stop Loss & Take Profit | |
| Stop loss | 0 | Stop loss distance |
| Take profit | 0 | Take profit distance |
| Trailing stop settings | Trailing Stop | |
| Use trailing stop | true | Trailing stop distance or switch |
| Trailing stop | 0 | Trailing stop distance or switch |
| Min profit | 0 | |
| Step | 10 | Distance between orders |
| Break even settings | Break Even Stop | |
| Use break even stop | false | Move the stop to break-even |
| Minimum profit | 0 | |
| Lock profit | 0 | |
| Timer settings | Timer | |
| Use timer | false | |
| Start hour | 0 | Hour when trading starts (server time) |
| Start minute | 0 | |
| End hour | 0 | Hour when trading stops (server time) |
| End minute | 0 | |
| Use local time | false |
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 · Time Filter · Risk & Lot Size · MT4 Expert Advisor · MQL4 Source Code