MDP 1.2 Mq4
MDP 1.2 Mq4 is an expert advisor (trading robot) for MetaTrader 4 from the Old Kings collection. It places pending orders, moves the stop behind price and can size trades from your risk. It has 40 settings, for example Configuration (default ================ Configu), Main Account Number (default 0) and Show Diagnostics (default FALSE). Run it in the Strategy Tester and then on a demo account to see how it opens and closes trades. Inside: 3 EA files 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 MDP 1.2 Mq4
MDP 1.2 Mq4 is an expert advisor (trading robot) for MetaTrader 4. It places pending buy/sell stop or limit orders, moves the stop loss behind price (trailing stop / break-even) and can size trades from your balance and risk percent. It has 40 settings, such as Configuration, Main account number and Show diagnostics. MQL source code included.
It also has a news filter, is built for short scalping trades and works on several symbols at once.
Files in the download: MillionDollarPips120.dll, MillionDollarPipsEURUSD_1.2.0.mq4, MillionDollarPipsGBPUSD_1.2.0.mq4, MillionDollarPipsUSDJPY_1.2.0.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 |
|---|---|---|
| Configuration | ================ Configuration | |
| Main account number | 0 | |
| Show diagnostics | FALSE | |
| Show debug | FALSE | |
| Verbose | FALSE | |
| Silent | FALSE | |
| Num orders level info 1 | Range of 0..4, adjusts Number of Trades | |
| Num orders level info 2 | 0=Max Profit% 4=Max Num.Trades/Rebates | |
| Num orders level | 0 | |
| Additional channels info 1 | Range of 0..8 | |
| Additional channels info 2 | Safely improves trading frequency | |
| Additional channels | 1 | |
| Slippage info 1 | Lower value improves profit rate, | Maximum slippage allowed when opening a trade |
| Slippage info 2 | higher: trades more but less accurately | Maximum slippage allowed when opening a trade |
| Slippage info 3 | (in traditional pips) | Maximum slippage allowed when opening a trade |
| Slippage | 0.5 | Maximum slippage allowed when opening a trade |
| Username | <your order receipt # here> | |
| Magic | 112226 | Magic number that tells this EA's orders apart |
| Max simultaneous orders | 8 | |
| Fifo info 1 | if Simultaneous_Orders>1 , | |
| Fifo info 2 | u.s. citizens should turn it on | |
| Fifo info 3 | (required for NFA compliance) | |
| FIFO | TRUE | |
| Order cmt | MDP_EURUSD_1.2.0 | |
| Pessimistic testing info 1 | Simulate bad live account conditions | |
| Pessimistic testing info 2 | during backtesting (i.e. Slippages) | |
| Pessimistic testing info 3 | (this has no effect in FIFO mode : | |
| Pessimistic testing info 4 | +turn off FIFO for \"optimistic\") | |
| Pessimistic testing | FALSE | |
| Funky exit info | Exit trades sooner | |
| Funky exit | TRUE | |
| Auto apply ecn info 1 | Use ECN account settings automatically | |
| Auto apply ecn info 2 | when ECN conditions detected | |
| Auto apply ecn | TRUE | |
| Money management | ---------------- Money Management | |
| Min lots | 0.001 | |
| Max lots | 1000.0 | |
| Risk info 1 | Fixed risk % of balance per order | Risk per trade (percent of balance) |
| Risk info 2 | NOTES : | Risk per trade (percent of balance) |
| Risk info 3 | - if/when Group_Orders=true, one trade | Risk per trade (percent of balance) |
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 · Trailing Stop & Break-even · Risk & Lot Size · News Trading · Scalping · Multi-Currency · MT4 Expert Advisor · MQL4 Source Code