Monkey Pips 314 2
From the Old Kings archive: Monkey Pips 314 2, an expert advisor (trading robot) for MetaTrader 4. It places pending orders, moves the stop behind price and has a trading-hours filter. It has 14 settings, for example Trade Comment (default Ascal v1.04), Magic Number (default 101) and Slippage (default 3). 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 Monkey Pips 314 2
Monkey Pips 314 2 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 trades only in the hours you set (time filter). It has 14 settings, such as Trade comment, Magic number and Slippage. MQL source code included.
It also can size trades from your balance and risk percent.
Files in the download: MonkeyPips_314.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 |
|---|---|---|
| Trade comment | Ascal v1.04 | Comment written on the orders |
| Magic number | 101 | Magic number that tells this EA's orders apart |
| Slippage | 3 | Maximum slippage allowed when opening a trade |
| Max spread | 262 | Maximum spread allowed to trade |
| Fixed lot | 0 | Trade size in lots |
| Risk percent | 20 | Risk per trade (percent of balance) |
| Max drawdown | 3 | |
| Start hour | 19 | Hour when trading starts (server time) |
| End hour | 1 | Hour when trading stops (server time) |
| Gmt offset | 0 | |
| Trailing | 7 | Trailing stop distance or switch |
| Profit | 13 | |
| Velocity trigger | 50 | |
| Offset | 11 |
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 · Time Filter · Risk & Lot Size · MT4 Expert Advisor · MQL4 Source Code