Lombok
Lombok — a MetaTrader 4 expert advisor (trading robot) kept in 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
Lombok 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