Fr Best Exp02 1 Maloma Mod
From the Old Kings archive: Fr Best Exp02 1 Maloma Mod, an expert advisor (trading robot) for MetaTrader 4. The file name marks it as a modified edition. In the code it works with MACD. It can hold buy and sell positions together, moves the stop behind price and has a trading-hours filter. It has 13 settings, for example Lots (default 1.00), Stop Loss (default 1000) and Take Profit (default 1000). Before any live use, test it on a demo account and check its lot size, stop loss and trading hours. 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 Fr Best Exp02 1 Maloma Mod
Fr Best Exp02 1 Maloma Mod is an expert advisor (trading robot) for MetaTrader 4 based on MACD. It can hold buy and sell positions at the same time (hedging), moves the stop loss behind price (trailing stop / break-even) and trades only in the hours you set (time filter). It has 13 settings, such as Lots, Stop loss and Take profit. MQL source code included.
Files in the download: FrBestExp02_1_maloma_mod.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 | 1.00 | Trade size in lots |
| Stop loss | 1000 | Stop loss distance |
| Take profit | 1000 | Take profit distance |
| Trailing stop | 0 | Trailing stop distance or switch |
| Vlim | 50 | |
| Fper | 12,sper=26,sigper=9 | OsMA |
| Stop | 300 | |
| Hedg | 1 | |
| Kh | 10 | . |
| Lok | ||
| Rpr | 1 | |
| Ttime | 900 | - 1 |
| Hstop | -3000 | - |
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: Hedging · Trailing Stop & Break-even · Time Filter · MACD · MT4 Expert Advisor · MQL4 Source Code