Forex Terminator
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called Forex Terminator. In the code it works with moving averages and ATR. It places pending orders, moves the stop behind price and has a trading-hours filter. It has 30 settings, for example Lots (default 0.1), Risk Management (default TRUE) and Risk (default 7.0). Before any live use, test it on a demo account and check its lot size, stop loss and trading hours. Inside: 12 indicator files with source code (.mq4) you can open and edit in MetaEditor and a PDF guide. 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 Terminator
Forex Terminator is an expert advisor (trading robot) for MetaTrader 4 based on Moving Average and ATR. 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 30 settings, such as Lots, Risk management and Risk. MQL source code included.
It also can size trades from your balance and risk percent.
Files in the download: Forex Terminator.ex4, Forex Terminator.mq4, Channel.ex4, Channel.mq4, Clock.ex4, Clock.mq4, Status Monitor.ex4, Status Monitor.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 |
|---|---|---|
| Lots | 0.1 | Trade size in lots |
| Risk management | TRUE | Risk per trade (percent of balance) |
| Risk | 7.0 | Risk per trade (percent of balance) |
| Stop loss | 100 | Stop loss distance |
| Take profit | 250 | Take profit distance |
| Trailing stop | 0 | Trailing stop distance or switch |
| Reverse | FALSE | |
| Add positions | TRUE | |
| Max orders | 5 | Maximum number of open trades |
| Time filter | TRUE | |
| Start hour | 8 | Hour when trading starts (server time) |
| End hour | 21 | Hour when trading stops (server time) |
| Magic | 3577 | Magic number that tells this EA's orders apart |
| Time frame | 0 | Period or timeframe used by the calculation |
| Length | 21 | |
| Ma type | 0 | |
| Shift | 0 | Bar shift (0 = current bar) |
| Price | 0 | |
| Times atr | 4.0 | |
| Show local | TRUE | |
| Corner | 3 | |
| Top off | 120 | |
| Label color | White | Colour on the chart |
| Clock color | White | Colour on the chart |
| Show12 hour time | FALSE | |
| Money management setting | ==MoneyManagementSettings== | |
| Signal gap | 1 | |
| Depth | 12 | |
| Deviation | 5 | |
| Backstep | 3 | Distance between orders |
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 · Risk & Lot Size · Moving Average · ATR · MT4 Indicator · MQL4 Source Code