MA Cross With Take Profit Levels 4
MA Cross With Take Profit Levels 4 — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. Judging by its name, it is built around moving averages. Its source code uses moving averages. It moves the stop behind price. It has 15 settings, for example str1 (default == Position Details == ), Take Profit (default 1000) and profit Target1 (default 21). Watch it on a demo account for a while — robots can behave differently with each broker. 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 MA Cross With Take Profit Levels 4
MA Cross With Take Profit Levels 4 is an expert advisor (trading robot) for MetaTrader 4 based on Moving Average. It moves the stop loss behind price (trailing stop / break-even). It has 15 settings, such as Str1, Take profit and Profit target1. MQL source code included.
Files in the download: MA cross with take profit levels 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 |
|---|---|---|
| Str1 | == Position Details == | |
| Take profit | 1000 | Take profit distance |
| Profit target1 | 21 | |
| Profit target2 | 34 | |
| Profit target3 | 55 | |
| Profit target4 | 89 | |
| Stoploss | 1000 | Stop loss distance |
| Trailing stop | 100 | Trailing stop distance or switch |
| Trailing stop only profit | true | Trailing stop distance or switch |
| Trailing stop regular | false | Trailing stop distance or switch |
| Lots | 5 | To avoid any possible errors, this value |
| Str2 | == Indicators == | |
| Ema ope nperiods | 5 | Number of bars in the calculation |
| Ema clos eperiods | 5 | Number of bars in the calculation |
| Str3 | === EA Options === |
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: Moving Average · Trailing Stop & Break-even · MT4 Expert Advisor · MQL4 Source Code