MARE5 1 .1
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called MARE5 1 .1. In the code it works with moving averages. It moves the stop behind price and has a trading-hours filter. It has 10 settings, for example Lots (default 7.8), Take Profit (default 110) and Trailing Stop (default 10). Run it in the Strategy Tester and then on a demo account to see how it opens and closes trades. 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 MARE5 1 .1
MARE5 1 .1 is an expert advisor (trading robot) for MetaTrader 4 based on Moving Average. It moves the stop loss behind price (trailing stop / break-even) and trades only in the hours you set (time filter). It has 10 settings, such as Lots, Take profit and Trailing stop. MQL source code included.
Files in the download: MARE5[1].1.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 |
|---|---|---|
| Lots | 7.8 | Trade size in lots |
| Take profit | 110 | Take profit distance |
| Trailing stop | 10 | Trailing stop distance or switch |
| Stop loss | 80 | Stop loss distance |
| Ma fast period | 13 | Period or timeframe used by the calculation |
| Ma slow period | 55 | Period or timeframe used by the calculation |
| Moving shift | 2 | Bar shift (0 = current bar) |
| Cnt | 0 | |
| Time open | 08 | |
| Time close | 14 |
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 · Time Filter · Moving Average · MT4 Expert Advisor · MQL4 Source Code