Forex Loophole Version 2 Trading System
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called Forex Loophole Version 2 Trading System. The file name marks it as version 2. In the code it works with MACD, the Stochastic oscillator and Parabolic SAR. It has a trading-hours filter, can size trades from your risk and has a news filter. It has 10 settings, for example Lots (default 0.10), Stop Loss (default 155) and Take Profit (default 5). Watch it on a demo account for a while — robots can behave differently with each broker. Inside: 10 EA files 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 Forex Loophole Version 2 Trading System
Forex Loophole Version 2 Trading System is an expert advisor (trading robot) for MetaTrader 4 based on MACD, Stochastic and Parabolic SAR. It trades only in the hours you set (time filter), can size trades from your balance and risk percent and has a news filter. It has 10 settings, such as Lots, Stop loss and Take profit. MQL source code included.
Files in the download: FX Loophole Pro.ex4, FX Loophole Pro.mq4, i-CAi.ex4, i-FractalsEx.ex4, MarketHours.ex4, Market_Watch.ex4, MA_Crossover_Signal.ex4, StochHistogram.ex4 ….
Trading robots can lose money. Check every setting and test on a demo account before using real funds.
Settings
| Setting | Default | What it does |
|---|---|---|
| Lots | 0.10 | Lots Value |
| Stop loss | 155 | StopLoss |
| Take profit | 5 | TakeProfit |
| Ea name | FXLoopholeX2 | Name to show into comments Orders |
| Magic number | 1234 | Magic Number - A dif. number for each Pair |
| ECN | true | if True, it means that your broker is ECN |
| Percent risk | 0 | If different of "0" , it means Percentual. In other words, the EA will get this value, (e.g 3 - %) |
| Use hour trade | True | ---------------- 5 |
| From hour trade | 18 | ---------------- 6 |
| To hour trade | 24 |
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: Time Filter · Risk & Lot Size · News Trading · MACD · Stochastic · Parabolic SAR · MT4 Expert Advisor · MQL4 Source Code