MQL4 Book Source Code
From the Old Kings archive: MQL4 Book Source Code, an expert advisor (trading robot) for MetaTrader 4. In the code it works with MACD. It places pending orders, moves the stop behind price and has a trading-hours filter. It has 40 settings, for example High Low Bars (default 8), Close Type (default All) and Close Symbol. Before any live use, test it on a demo account and check its lot size, stop loss and trading hours. Inside: 9 EA files with source code (.mq4) you can open and edit in MetaEditor and a PDF guide. 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 MQL4 Book Source Code
MQL4 Book Source Code is an expert advisor (trading robot) for MetaTrader 4 based on MACD. 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 40 settings, such as High low bars, Close type and Close symbol. MQL source code included.
It also can size trades from your balance and risk percent and trades breakouts.
Files in the download: MQL4 Book File List.pdf, MQL4 Book Function Reference.pdf, High Low Channel.mq4, SignalLibrary.mq4, Close Orders.mq4, Expert Advisor Template.mq4, Moving Average Cross.mq4, Pending Breakout.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 |
|---|---|---|
| High low bars | 8 | |
| Close type | All | |
| Close symbol | ||
| Trade settings | Trade Settings | |
| Magic number | 101 | Magic number that tells this EA's orders apart |
| Slippage | 10 | Maximum slippage allowed when opening a trade |
| Trade on bar open | true | |
| Money management | Money Management | |
| Use money management | true | |
| Risk percent | 2 | Risk per trade (percent of balance) |
| Fixed lot size | 0.1 | |
| Stops | Stop Loss & Take Profit | |
| Stop loss | 0 | Stop loss distance |
| Take profit | 0 | Take profit distance |
| Trailing stop settings | Trailing Stop | |
| Use trailing stop | true | Trailing stop distance or switch |
| Trailing stop | 0 | Trailing stop distance or switch |
| Min profit | 0 | |
| Step | 10 | Distance between orders |
| Break even settings | Break Even Stop | |
| Use break even stop | false | Move the stop to break-even |
| Minimum profit | 0 | |
| Lock profit | 0 | |
| Timer settings | Timer | |
| Use timer | false | |
| Start hour | 0 | Hour when trading starts (server time) |
| Start minute | 0 | |
| End hour | 0 | Hour when trading stops (server time) |
| End minute | 0 | |
| Use local time | false | |
| Money settings | Money Management | |
| Stop settings | Stop Loss & Take Profit | |
| Fast ma settings | Fast Moving Average | |
| Fast ma period | 5 | Period or timeframe used by the calculation |
| Fast ma method | MODE_EMA | |
| Fast ma price | PRICE_CLOSE | |
| Min cross spread | 10 | Maximum spread allowed to trade |
| Slow ma settings | Slow Moving Average | |
| Slow ma period | 20 | Period or timeframe used by the calculation |
| Slow ma method | MODE_EMA |
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 · Breakout · MACD · MT4 Expert Advisor · MQL4 Source Code