G.P.Morgan 0.01
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called G.P.Morgan 0.01. It raises the lot size after losses (martingale — high risk), works with a grid of orders and places pending orders. It has 12 settings, for example Lots (default 0.1), Lot Exponent (default 1.667) and Take Profit (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 G.P.Morgan 0.01
G.P.Morgan 0.01 is an expert advisor (trading robot) for MetaTrader 4. It increases the lot size after a losing trade (martingale), opens a grid of orders at fixed price steps and places pending buy/sell stop or limit orders. It has 12 settings, such as Lots, Lot exponent and Take profit. MQL source code included.
It also moves the stop loss behind price (trailing stop / break-even).
Files in the download: G.P.Morgan_0.01.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 |
| Lot exponent | 1.667 | How much the lot size grows after a loss |
| Take profit | 10 | Take profit distance |
| Stoploss | 500 | Stop loss distance |
| Trail start | 10 | Trailing stop distance or switch |
| Trail stop | 10 | Trailing stop distance or switch |
| Pip step | 30 | Distance between orders |
| Insure1 | 0 | |
| Insure2 | 0 | |
| Max trades | 10 | Maximum number of open trades |
| Use trailing stop | false | Trailing stop distance or switch |
| Slip | 3 |
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: Martingale · Grid · Pending Orders · Trailing Stop & Break-even · MT4 Expert Advisor · MQL4 Source Code