MDP Plus2.1.3
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called MDP Plus2.1.3. It raises the lot size after losses (martingale — high risk), places pending orders and moves the stop behind price. It has 20 settings, for example Configuration (default ==== Configuration ====), Magic (default 0) and Order Cmt. 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 MDP Plus2.1.3
MDP Plus2.1.3 is an expert advisor (trading robot) for MetaTrader 4. It increases the lot size after a losing trade (martingale), places pending buy/sell stop or limit orders and moves the stop loss behind price (trailing stop / break-even). It has 20 settings, such as Configuration, Magic and Order cmt. MQL source code included.
It also can size trades from your balance and risk percent, has a news filter and is built for short scalping trades.
Files in the download: MDP-Plus2.1.3.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 ==== | |
| Magic | 0 | Magic number that tells this EA's orders apart |
| Order cmt | ||
| Nd dmode | FALSE | |
| Show debug | FALSE | |
| Verbose | FALSE | |
| Scalping settings | ==== Scalping settings ==== | |
| Take profit | 10.0 | Take profit distance |
| Stop loss | 60.0 | Stop loss distance |
| Trailing start | 2 | Trailing stop distance or switch |
| Volatility limit | 100 | Default 250. Can normally be between 100 and 300 |
| Scalpfactor | 66 | 60 to 77 - only used if larger than broker StopLevel |
| Use moving average | FALSE | User two iMA as channell |
| Use bollinger bands | TRUE | Use iBands as channel |
| Indicator period | 30 | Period for iMA and iBands |
| Order expire seconds | 3600 | Orders are deted after so many seconds |
| Money management | ==== Money Management ==== | |
| Min lots | 0.01 | |
| Max lots | 100.0 | |
| Risk | 100.0 | 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: Martingale · Pending Orders · Trailing Stop & Break-even · Risk & Lot Size · News Trading · Scalping · MT4 Expert Advisor · MQL4 Source Code