Mmm2.1.1
From the Old Kings archive: Mmm2.1.1, an expert advisor (trading robot) for MetaTrader 4. In the code it works with Bollinger Bands. It places pending orders, moves the stop behind price and can size trades from your risk. It has 21 settings, for example Configuration (default ================ Configu), Show Debug (default FALSE) and Verbose (default FALSE). 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 Mmm2.1.1
Mmm2.1.1 is an expert advisor (trading robot) for MetaTrader 4 based on Bollinger Bands. 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 21 settings, such as Configuration, Show debug and Verbose. MQL source code included.
It also has a news filter and is built for short scalping trades.
Files in the download: mmm2.1.1.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 |
|---|---|---|
| Configuration | ================ Configuration | |
| Show debug | FALSE | |
| Verbose | FALSE | |
| Mode high speed | TRUE | |
| Mode safe | FALSE | |
| Mode max orders | TRUE | Maximum number of open trades |
| Magic | 112226 | Magic number that tells this EA's orders apart |
| Order cmt | MMM_2 | |
| Take profit | 120.0 | Take profit distance |
| Stop loss | 60.0 | Stop loss distance |
| Distance | 100.0 | Distance between orders |
| Money management | ---------------- Money Management | |
| Min lots | 0.1 | |
| Max lots | 1 | |
| Risk | 0.02 | Risk per trade (percent of balance) |
| Sl tp trailing | ---------------- SL / TP / Trailing | Trailing stop distance or switch |
| Trailing resolution | 15 | Trailing stop distance or switch |
| Bb per | 14 | |
| Bb dev | 2.0 | |
| Bb distance | 100 | Distance between orders |
| Trailing stop | TRUE | Trailing stop distance or switch |
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 · Bollinger Bands · MT4 Expert Advisor · MQL4 Source Code