Indian Universal EA
Indian Universal EA — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. It moves the stop behind price, has a trading-hours filter and can size trades from your risk. It has 14 settings, for example Primary Digit (default 1), Primary Lots (default 1) and Primary GMT (default 1). 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 Indian Universal EA
Indian Universal EA is an expert advisor (trading robot) for MetaTrader 4. It moves the stop loss behind price (trailing stop / break-even), trades only in the hours you set (time filter) and can size trades from your balance and risk percent. It has 14 settings, such as Primary digit, Primary lots and Primary gmt. MQL source code included.
Files in the download: INDIAN UNIVERSAL EA.doc, StrategyTester_mega.gif, StrategyTester_mega20.gif, StrategyTesterМ15.gif, universal.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 |
|---|---|---|
| Primary digit | 1 | |
| Primary lots | 1 | |
| Primary gmt | 1 | |
| Max lots | 5 | |
| Risk of account | 15 | Risk per trade (percent of balance) |
| Take profit | 5 | Take profit distance |
| Treiling tp | 5 | |
| Extra close | 5 | |
| Deviation | 1 | |
| Stop loss | 30 | Stop loss distance |
| Max spread | 3 | Maximum spread allowed to trade |
| Max open orders | 3 | |
| Advanced deviation of channel | 0 | |
| Advanced candles | 5 |
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: Trailing Stop & Break-even · Time Filter · Risk & Lot Size · MT4 Expert Advisor · MQL4 Source Code