Ikonikrobot.(Ea)
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called Ikonikrobot.(Ea). It raises the lot size after losses (martingale — high risk), places pending orders and can size trades from your risk. It has 29 settings, for example version (default ---Snow Roller 1.008---), Lot Size Normalized (default ----lotsize:----) and lotsize (default 0.01). 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 Ikonikrobot.(Ea)
Ikonikrobot.(Ea) is an expert advisor (trading robot) for MetaTrader 4. It increases the lot size after a losing trade (martingale), places pending buy/sell stop or limit orders and can size trades from your balance and risk percent. It has 29 settings, such as Version, Lot size normalized and Lotsize. MQL source code included.
Files in the download: IKONIKROBOT.(EA).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 |
|---|---|---|
| Version | ---Snow Roller 1.008--- | version number |
| Lot size normalized | ----lotsize:---- | |
| Lotsize | 0.01 | Trade size in lots |
| X tp | 30 | TP in pips |
| X sl | 30 | SL in pips |
| Balance perlotsize | 1000.0 | amount of $$ in account balance to trade the lotsize entered |
| Trend lookback mins | 5 | number of minutes to look back for trend pattern |
| Trend lookback mins2 | 100 | number of minutes to look back for trend pattern2 |
| Magic number | 0 | used for "CloseAllLossPercent/CloseAllProfitPercent" |
| Do opposite | false | take opposite trades to the trend pattern? |
| Max trades this | 20 | maximum lots that can be opened for this symbol |
| Max trades this loss | 4 | maximum losing trades in lots that can be opened for this symbol |
| Comment | Snow Roller | comment to your broker when trade is initiated |
| Vals in percent | ----Values below in percent---- | |
| Close all profit percent | 10.0 | basket closure - profit |
| Close all loss percent | 10.0 | basket closure - loss |
| Close this profit percent | 1.0 | profit closure for this symbol only |
| Close this loss percent | 2.0 | loss closure for this symbol only |
| Value in pips | ----Values below in pips---- | |
| Slippage | 7 | set this to an appropriate level for your broker |
| Takeprofit | 30 | Single position take profit in pips - only applies to half the positions! |
| Stoploss | 30 | Single position stop loss in pips |
| Buysellstep | 5 | 10 pip step - should automatically adjust for 3/5 or 2/4 digit brokers |
| Max neg excursion | 0 | number of pips to allow for accumulation against initial anchor |
| Max spread | 10 | max spread in pips to allow opening a new trade |
| Time trading | ----Trading Times HHMM format---- | |
| Use time1 trading | false | |
| Time1 start | 200 | |
| Time1 stop | 430 |
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 · Pending Orders · Risk & Lot Size · MT4 Expert Advisor · MQL4 Source Code