Level Scalper V4 Verze2
Level Scalper V4 Verze2 is an expert advisor (trading robot) for MetaTrader 4 from the Old Kings collection. As the name suggests, the idea behind it is short scalping trades. This copy is version 4. It places pending orders and has a trading-hours filter. It has 20 settings, for example pips (default 10), lots (default 0.1) and Fixed Spread (default 4). 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 · v4 · Free
About Level Scalper V4 Verze2
Level Scalper V4 Verze2 is an expert advisor (trading robot) for MetaTrader 4. It places pending buy/sell stop or limit orders and trades only in the hours you set (time filter). It has 20 settings, such as Pips, Lots and Fixed spread. MQL source code included.
Files in the download: Level Scalper v4_verze2.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 |
|---|---|---|
| Pips | 10 | Distance between levels |
| Lots | 0.1 | Trade size in lots |
| Fixed spread | 4 | Maximum spread allowed to trade |
| Nb levels | 5 | Number of levels of the pending orders (for each target, buy and sell) |
| Continue trading | false | |
| Magic | 75861245 | Magic number that tells this EA's orders apart |
| Close all orders | false | |
| Use entry time1 | false | |
| Entry time1 hour | 0 | |
| Entry time1 min | 0 | |
| Use entry time2 | false | |
| Entry time2 hour | 0 | |
| Entry time2 min | 0 | |
| Note | EA Display Settings | |
| What corner | 1 | |
| Font color | LawnGreen | Colour on the chart |
| Font size | 10 | |
| Font type | Calibri | |
| Move up down | 15 | |
| Side distance | 2 | Distance between orders |
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: Scalping · Pending Orders · Time Filter · MT4 Expert Advisor · MQL4 Source Code