Merkio Enter WL
From the Old Kings archive: Merkio Enter WL, an expert advisor (trading robot) for MetaTrader 4. It places pending orders and can size trades from your risk. It has 23 settings, for example LM0 (default ********* ), Mode Stop (default true,Mode_Limit = false) and Second (default 60000,Distance = 10,Take). 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 Merkio Enter WL
Merkio Enter WL is an expert advisor (trading robot) for MetaTrader 4. It places pending buy/sell stop or limit orders and can size trades from your balance and risk percent. It has 23 settings, such as LM0, Mode stop and Second. MQL source code included.
Files in the download: Merkio Enter WL.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 |
|---|---|---|
| LM0 | ********* | |
| Mode stop | true,Mode_Limit = false | |
| Second | 60000,Distance = 10,TakeProfit = 25,Stop | |
| LM1 | *********************** | |
| Lot | 0.01 | Trade size in lots |
| MM | false | money management |
| Risk | 10 | risk in percentage |
| LM2 | ********************* | |
| Mn | 1869 | |
| LM3 | *************** | |
| Begin | 0 | Hour when trading starts (server time) |
| End | 24 | |
| P expert | ********* | |
| Gb disabled | False | |
| All symbols | True | |
| Magic | -1 | Magic number that tells this EA's orders apart |
| Level profit | 3 | |
| Level w loss | 1 | |
| Show comment | false | Comment written on the orders |
| Use sound | True | Turn this alert on or off |
| Sound success | laugh3.wav | Turn this alert on or off |
| Sound error | timeout.wav | Turn this alert on or off |
| Number of try | 2 |
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 · Risk & Lot Size · MT4 Expert Advisor · MQL4 Source Code