Ivy Bot V5.1
Ivy Bot V5.1 — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. This copy is version 5.1. Its source code uses moving averages and ADX. It moves the stop behind price, has a trading-hours filter and can size trades from your risk. It has 27 settings, for example lots (default 0.1), trailing Stop (default 0.0) and take Profit (default 110.0). Watch it on a demo account for a while — robots can behave differently with each broker. Inside: 5 EA files 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 · v5.1 · Free
About Ivy Bot V5.1
Ivy Bot V5.1 is an expert advisor (trading robot) for MetaTrader 4 based on Moving Average and ADX. 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 27 settings, such as Lots, Trailing stop and Take profit. MQL source code included.
It also works on several symbols at once.
Files in the download: Installation.txt, IVY_EUR_ JPY_5.1.mq4, IVY_EUR_USD_5.1.mq4, IVY_USD_CHF_5.1.mq4, IVY_USD_JPY_5.1.mq4, IVY_EUR_USD_4.9~.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 |
| Trailing stop | 0.0 | Trailing stop distance or switch |
| Take profit | 110.0 | Take profit distance |
| Risk management | TRUE | Risk per trade (percent of balance) |
| Equitypercent | 0.02 | |
| Stop loss | 0.0 | Stop loss distance |
| Slippage | 3.0 | Maximum slippage allowed when opening a trade |
| Dds delay | 64800.0 | |
| Power trend | TRUE | |
| Pm adjust | 1.6982 | |
| Max deviation | TRUE | |
| Ivy trend | TRUE | |
| Testmode | FALSE | |
| Clickbank code | 000 | |
| Pin under | 7.0 | |
| Long cut | 3.0 | |
| Crm rpm | 21.0 | |
| Pound level | 4.0 | |
| Dscan | 30.0 | |
| Hscan | 10.0 | |
| Magicn | 16384.0 | Magic number that tells this EA's orders apart |
| Name ea | IVYBOT_EUR_JPY | |
| ATRS | 2 | |
| Atr period | 14 | Period or timeframe used by the calculation |
| Long cut | 6.0 | |
| Pound level | 20.0 | |
| Cbcintvalue | 8 |
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 · Multi-Currency · Moving Average · ADX · MT4 Expert Advisor · MQL4 Source Code