Indicator Max Pips
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called Indicator Max Pips. In the code it works with moving averages. It places pending orders, has a trading-hours filter and can size trades from your risk. It has 23 settings, for example Engulfing Filters (default ------------------------), Use MATrend Filter (default false) and MA1Period (default 200). 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 Indicator Max Pips
Indicator Max Pips is an expert advisor (trading robot) for MetaTrader 4 based on Moving Average. It places pending buy/sell stop or limit orders, trades only in the hours you set (time filter) and can size trades from your balance and risk percent. It has 23 settings, such as Engulfing filters, Use ma trend filter and Ma1 period. MQL source code included.
It also has a news filter.
Files in the download: Indicator Max Pips.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 |
|---|---|---|
| Engulfing filters | ------------------------ | ____Engulfing Filters_____ |
| Use ma trend filter | false | Use MA Trend Filter |
| Ma1 period | 200 | MA1 Period |
| Ma2 period | 50 | MA2 Period |
| Use prev candles bearish bullish filter | true | Use Prev Candles Bearish/Bullish Filter |
| Order settings | ------------------------ | ____Order Settings_____ |
| Fixed lot size pips | 0.01 | Fixed Lot Size Pips |
| Pending order offset pips | 0.2 | Pending Order Offset Pips |
| Add pips to sl | 0.2 | Add Pips To SL |
| Tp factor based on candle1 length | 1.0 | TP Factor Based On Candle1 Length |
| Pending order expiration minutes | 0 | Pending Order Expiration Minutes |
| Pending order expiration hours | 0 | Pending Order Expiration Hours |
| Pending order expiration days | 0 | Pending Order Expiration Days |
| Spread handling | ------------------------ | ____Spread Handling_____ |
| Take spreads into account the correct way | true | Take Spreads Into Account The Correct Way |
| Take spreads into account the max pips way | false | Take Spreads Into Account The Max_Pips Way |
| Notifications | ------------------------ | ____Notifications_____ |
| Send notification instead of trade | false | Send Notification Instead Of Trade |
| Send mt4 alerts | false | _Send MT4 Alerts |
| Send email alerts | false | _Send Email Alerts |
| Send push alerts | false | _Send Push Alerts |
| For trading activity alerts check the box in mt4 options | ------------------------ | ____For Trading Activity Alerts, Check The Box In MT4 Options______ |
| Magic start | 1526 | Magic Start (MagicNumber=MagicStart+Group#) |
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 · Time Filter · Risk & Lot Size · News Trading · Moving Average · MT4 Expert Advisor · MQL4 Source Code