Lacuststopandbe
This Old Kings script for MetaTrader 4 is called Lacuststopandbe. It has 16 settings, for example stoploss (default 40), takeprofit (default 200) and distance (default trailing starts after re). Scripts run once when you drop them on a chart; try it on a demo account first. Inside: 2 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.
Script · MT4 · v1.0 · Free
About Lacuststopandbe
Lacuststopandbe is a script for MetaTrader 4. It has 16 settings, such as Stoploss, Takeprofit and Distance. MQL source code included.
Files in the download: lacuststopandbe_v2.mq4, lacuststopandbe_v3.1.mq4, Best Trading Systems.url.
Settings
| Setting | Default | What it does |
|---|---|---|
| Stoploss | 40 | Stop loss distance |
| Takeprofit | 200 | Take profit distance |
| Distance | trailing starts after reaching x pips | Distance between orders |
| Trailingstart | 30 | Trailing stop distance or switch |
| Trailstop | Trailing stop pips - distance from curre | Trailing stop distance or switch |
| Trailingstop | 20 | Trailing stop distance or switch |
| To break even | breakeven after reaching x pips | Move the stop to break-even |
| Breakevengain | 25 | Move the stop to break-even |
| Breakevenpips | x pips locked in profit | Move the stop to break-even |
| Breakeven | 10 | Move the stop to break-even |
| Closefunctions | Closefunctions | |
| Percentofbalance | 1 | close all orders if profit reached the x percent of balance or |
| Profit amount | 12 | close all orders if profit reached the x profit amount in acc currency, for example 12 euros. |
| Orderprofit | 4 | close market order if profit reached x profit amount, for example 4 euros |
| SM | Stealth mode for Stoploss and Takeprofit | |
| Stealth | false |
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 → Scripts.
- 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 script onto a chart to run it once.
Tags: MT4 Expert Advisor · MQL4 Source Code