M1 Esav 1.2
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called M1 Esav 1.2. It places pending orders and can size trades from your risk. It has 14 settings, for example Use ECN (default true), second (default 12) and distance (default 50). 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 M1 Esav 1.2
M1 Esav 1.2 is an expert advisor (trading robot) for MetaTrader 4. It places pending buy/sell stop or limit orders and can size trades from your balance and risk percent. It has 14 settings, such as Use ecn, Second and Distance. MQL source code included.
Files in the download: M1_esav_1.2.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 |
|---|---|---|
| Use ecn | true | |
| Second | 12 | |
| Distance | 50 | Distance between orders |
| Distance2 | 50 | Distance between orders |
| Take profit | 20 | Take profit distance |
| Stop loss | 40 | Stop loss distance |
| Dist | 60 | |
| TF | 1 | Period or timeframe used by the calculation |
| Lot | 0.1 | Trade size in lots |
| MM | true | |
| Risk | 130 | Risk per trade (percent of balance) |
| Slippage | 0 | Maximum slippage allowed when opening a trade |
| Magic | 123 | Magic number that tells this EA's orders apart |
| Open order comment | M1 | Comment written on the 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: Pending Orders · Risk & Lot Size · MT4 Expert Advisor · MQL4 Source Code