M7swdr
M7swdr — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. It moves the stop behind price, can size trades from your risk and trades breakouts. It has 12 settings, for example Take Profit (default 40.0), Stop Loss (default 200.0) and CSL (default 250.0). Run it in the Strategy Tester and then on a demo account to see how it opens and closes trades. Inside: 8 EA files with source code (.mq4) you can open and edit in MetaEditor, 3 settings files (.set) and a PDF guide. 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 M7swdr
M7swdr is an expert advisor (trading robot) for MetaTrader 4. It moves the stop loss behind price (trailing stop / break-even), can size trades from your balance and risk percent and trades breakouts. It has 12 settings, such as Take profit, Stop loss and CSL. MQL source code included.
Files in the download: M7SidewinderPRO_1.ex4, M7SidewinderPRO_2.ex4, M7SidewinderPRO_3.ex4, M7SidewinderPRO_4.ex4, M7SidewinderPRO_1~.mq4, M7SidewinderPRO_2~.mq4, M7SidewinderPRO_3~.mq4, M7SidewinderPRO_4~.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 |
|---|---|---|
| Take profit | 40.0 | Take profit distance |
| Stop loss | 200.0 | Stop loss distance |
| CSL | 250.0 | |
| Lots | 0.1 | Trade size in lots |
| Step | 0.4 | Distance between orders |
| Top | 4.0 | |
| Bottom | 0.1 | |
| Trailingstop | 145.0 | Trailing stop distance or switch |
| Ttstep | 25.0 | Distance between orders |
| Breakout1 | 10.0 | |
| Breakout2 | 20.0 | |
| Magic | 11111111 | Magic number that tells this EA's orders apart |
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: Trailing Stop & Break-even · Risk & Lot Size · Breakout · MT4 Expert Advisor · MQL4 Source Code