Lombok 3
Lombok 3 is an expert advisor (trading robot) for MetaTrader 4 from the Old Kings collection. It places pending orders, can size trades from your risk and is set up for scalping. It has 21 settings, for example Authentication (default ------------------------), EMail and CBReceipt. 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 Lombok 3
Lombok 3 is an expert advisor (trading robot) for MetaTrader 4. It places pending buy/sell stop or limit orders, can size trades from your balance and risk percent and is built for short scalping trades. It has 21 settings, such as Authentication, E mail and Cb receipt. MQL source code included.
Files in the download: Lombok.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 |
|---|---|---|
| Authentication | ---------------------------------------- | |
| E mail | Turn this alert on or off | |
| Cb receipt | ||
| Size of lots | ---------------------------------------- | |
| Use mm | FALSE | |
| Lots | 0.01 | Trade size in lots |
| Lots risk reductor | 30.0 | Risk per trade (percent of balance) |
| Max lots | 1000.0 | |
| General options | ---------------------------------------- | |
| Auto gmt offset | TRUE | |
| Gmt offset | 1 | |
| Others | ---------------------------------------- | |
| Expert comment | Lombok Scalper | Comment written on the orders |
| Color buy | Blue | Colour on the chart |
| Color sell | Red | Colour on the chart |
| Send email | FALSE | Turn this alert on or off |
| Sound alert | FALSE | Turn this alert on or off |
| Sound file at open | alert.wav | Turn this alert on or off |
| Sound file at close | alert.wav | Turn this alert on or off |
| Write log | FALSE | |
| Write debug log | 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 → 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 · Risk & Lot Size · Scalping · MT4 Expert Advisor · MQL4 Source Code