FX87 Code 5
FX87 Code 5 is an expert advisor (trading robot) for MetaTrader 4 from the Old Kings collection. Its source code uses ATR, Momentum and an oscillator. It places pending orders, moves the stop behind price and can size trades from your risk. It has 12 settings, for example Magic ID (default 123), LOTS (default 0.01) and risk (default 40). 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 FX87 Code 5
FX87 Code 5 is an expert advisor (trading robot) for MetaTrader 4 based on ATR, Momentum and Oscillator. It places pending buy/sell stop or limit orders, moves the stop loss behind price (trailing stop / break-even) and can size trades from your balance and risk percent. It has 12 settings, such as Magic id, LOTS and Risk. MQL source code included.
Files in the download: FX87 code.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 |
|---|---|---|
| Magic id | 123 | Magic number that tells this EA's orders apart |
| LOTS | 0.01 | Trade size in lots |
| Risk | 40 | risk: 0-->fixed lots |
| Max trades | 10 | Maximum number of open trades |
| SL | 50 | Stop loss distance |
| TP | 100 | Take profit distance |
| Max spread | 20 | Maximum spread allowed to trade |
| Trailing | true | Trailing stop distance or switch |
| Trailing extra | 50.0 | Trailing stop distance or switch |
| Trailing stop | 7 | Trailing stop distance or switch |
| Trailing step | 0.5 | Trailing stop distance or switch |
| Trail start | 1.0 | Trailing stop distance or switch |
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 · Risk & Lot Size · ATR · Momentum · Oscillator · MT4 Expert Advisor · MQL4 Source Code