Lag V2
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called Lag V2. The file name marks it as version 2. It has a trading-hours filter and can size trades from your risk. It has 9 settings, for example Maximum Risk (default 0.01), Decrease Factor (default 3) and Order Period (default 300). 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 · v2 · Free
About Lag V2
Lag V2 is an expert advisor (trading robot) for MetaTrader 4. It trades only in the hours you set (time filter) and can size trades from your balance and risk percent. It has 9 settings, such as Maximum risk, Decrease factor and Order period. MQL source code included.
Files in the download: Lag-V2.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 |
|---|---|---|
| Maximum risk | 0.01 | Risk per trade (percent of balance) |
| Decrease factor | 3 | |
| Order period | 300 | Period or timeframe used by the calculation |
| Stop l | 1000 | |
| Ga | 0.9 | |
| Up line | 0.95 | |
| Middle line | 0.5 | |
| Down line | 0.05 | |
| Prevbars |
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: Time Filter · Risk & Lot Size · MT4 Expert Advisor · MQL4 Source Code