Monstr
Monstr — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. It raises the lot size after losses (martingale — high risk), works with a grid of orders and places pending orders. It has 28 settings, for example Expert Properties (default -------Expert-Properties), Expert Id (default 2292) and Trade Direction (default 0). Watch it on a demo account for a while — robots can behave differently with each broker. Inside: 4 EA files 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 Monstr
Monstr is an expert advisor (trading robot) for MetaTrader 4. It increases the lot size after a losing trade (martingale), opens a grid of orders at fixed price steps and places pending buy/sell stop or limit orders. It has 28 settings, such as Expert properties, Expert id and Trade direction. MQL source code included.
It also moves the stop loss behind price (trailing stop / break-even) and can size trades from your balance and risk percent.
Files in the download: Monstr2.ex4, Monstr2.mq4, Monstr3.ex4, Monstr3.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 |
|---|---|---|
| Expert properties | -------Expert-Properties------- | |
| Expert id | 2292 | |
| Trade direction | 0 | |
| Pip step | 15 | Distance between orders |
| Take profit | 1 | Take profit distance |
| Start lot | 0.1 | |
| Lot exponent | 0.1277 | How much the lot size grows after a loss |
| Max trades | 10 | Maximum number of open trades |
| Last stop loss | 0 | Stop loss distance |
| Trade properties | --------Trade-Properties------- | |
| Slippage | 0.7 | Maximum slippage allowed when opening a trade |
| Pause before trade | 5 | |
| Max waiting time | 500 | |
| Order buy color | Lime | Colour on the chart |
| Order sell color | Red | Colour on the chart |
| Allow flags | -----------Allow-Flags--------- | |
| Allow info | FALSE | |
| Allow log file | FALSE | |
| Allow trade log file | TRUE | |
| Allow error mail | FALSE | |
| Allow error log file | FALSE | |
| Info properties | --------Info-Properties-------- | |
| English info | FALSE | |
| Font size variant | 4 | |
| Standart color | White | Colour on the chart |
| Warning color | Fuchsia | Colour on the chart |
| Price up color | Lime | Colour on the chart |
| Price down color | Red | Colour on the chart |
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 · Grid · Pending Orders · Trailing Stop & Break-even · Risk & Lot Size · MT4 Expert Advisor · MQL4 Source Code