Mod Con Template2
Mod Con Template2 — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. This copy is a modified edition. Its source code uses moving averages. It moves the stop behind price, has a trading-hours filter and can size trades from your risk. It has 20 settings, for example Stop Loss (default 14), Max Loss (default 200) and Take Profit (default 50). 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 Mod Con Template2
Mod Con Template2 is an expert advisor (trading robot) for MetaTrader 4 based on Moving Average. It moves the stop loss behind price (trailing stop / break-even), trades only in the hours you set (time filter) and can size trades from your balance and risk percent. It has 20 settings, such as Stop loss, Max loss and Take profit. MQL source code included.
Files in the download: mod con template2.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 |
|---|---|---|
| Stop loss | 14 | Stop loss distance |
| Max loss | 200 | |
| Take profit | 50 | Take profit distance |
| Secure profit | 15 | |
| Trailing stop | 15 | Trailing stop distance or switch |
| S trailing stop | 15 | Trailing stop distance or switch |
| Cl open buy | Blue | |
| Cl close buy | Aqua | |
| Cl open sell | Red | |
| Cl close sell | Violet | |
| Cl modi buy | Blue | |
| Cl modi sell | Red | |
| Name expert | ||
| Slippage | 0 | Maximum slippage allowed when opening a trade |
| Use hour trade | True | |
| From hour trade | 7 | |
| To hour trade | 23 | |
| Use sound | True | Turn this alert on or off |
| Name file sound | alert.wav | Turn this alert on or off |
| Lots | 0.10 | Trade size in lots |
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 · Risk & Lot Size · Moving Average · MT4 Expert Advisor · MQL4 Source Code