MR.dollar Pending Orders EA V6.1 1 4
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called MR.dollar Pending Orders EA V6.1 1 4. The file name marks it as version 6.1.1. It raises the lot size after losses (martingale — high risk), can hold buy and sell positions together and places pending orders. It has 40 settings, for example Use Hour Trade (default false), From Hour Trade (default 7) and To Hour Trade (default 17). 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 · v6.1 · Free
About MR.dollar Pending Orders EA V6.1 1 4
MR.dollar Pending Orders EA V6.1 1 4 is an expert advisor (trading robot) for MetaTrader 4. It increases the lot size after a losing trade (martingale), can hold buy and sell positions at the same time (hedging) and places pending buy/sell stop or limit orders. It has 40 settings, such as Use hour trade, From hour trade and To hour trade. MQL source code included.
It also 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.
Files in the download: MR.dollar_Pending_Orders_EA_V6.1_(2)[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 |
|---|---|---|
| Use hour trade | false | |
| From hour trade | 7 | |
| To hour trade | 17 | |
| Open hedge first time | false | |
| Hedge lots | 0.1 | |
| Hedge tp | 0 | |
| Hedge sl | 0 | |
| Add orders after close | true | |
| Reverse closed orders | false | |
| Close if last order profit | false | |
| S1 | BuyStop Orders Settings | |
| Open buy stop orders | true | |
| Number of buy stop orders | 50 | |
| Buy stop first lot | 0.1 | |
| Distance from current price bs | 0 | Distance between orders |
| Distance between buy s | 20 | Distance between orders |
| Distance add buy s | 0 | Distance between orders |
| Buy stop take profit | 0 | Take profit distance |
| Buy stop sl | 0 | |
| S2 | BuyLimit Orders Settings | |
| Open buy limit orders | true | |
| Number of buy limit orders | 50 | |
| Buy limit first lot | 0.1 | |
| Distance from current price bl | 0 | Distance between orders |
| Distance between buy l | 20 | Distance between orders |
| Distance add buy l | 0 | Distance between orders |
| Buy limit take profit | 0 | Take profit distance |
| Buy limit sl | 0 | |
| S3 | SellStop Orders Settings | |
| Open sell stop orders | true | |
| Number of sell stop orders | 50 | |
| Sell stop first lot | 0.1 | |
| Distance from current price ss | 0 | Distance between orders |
| Distance between sell s | 20 | Distance between orders |
| Distance add sell s | 0 | Distance between orders |
| Sell stop take profit | 0 | Take profit distance |
| Sell stop sl | 0 | |
| S4 | SellLimit Orders Settings | |
| Open sell limit orders | true | |
| Number of sell limit orders | 50 |
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 · Martingale · Hedging · Trailing Stop & Break-even · Time Filter · Risk & Lot Size · MT4 Expert Advisor · MQL4 Source Code