Multi Break Out V0 1 .1.3a
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called Multi Break Out V0 1 .1.3a. Judging by its name, it is built around breakouts from a range. The file name marks it as version 0.1. It places pending orders, moves the stop behind price and has a trading-hours filter. It has 18 settings, for example Lot Size (default 0.1), Broker Offset To GMT (default 0) and Number Of Orders Per Side (default 20). 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 · v0 · Free
About Multi Break Out V0 1 .1.3a
Multi Break Out V0 1 .1.3a 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 18 settings, such as Lot size, Broker offset to gmt and Number of orders per side. MQL source code included.
It also can size trades from your balance and risk percent and trades breakouts.
Files in the download: MultiBreakOut_v0[1].1.3a.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 |
|---|---|---|
| Lot size | 0.1 | Trade size in lots |
| Broker offset to gmt | 0 | |
| Number of orders per side | 20 | NumberOfOrdersPerSide X TakeProfitIncrement = Highest TakeProfit Level |
| Take profit increment | 5 | Take profit distance |
| Trade1 | true | |
| Time1 | 6 | |
| Trade2 | true | |
| Time2 | 12 | |
| Trade3 | true | |
| Time3 | 18 | |
| Trade4 | true | |
| Time4 | 0 | |
| Exit minute | 55 | |
| Stop loss | 20 | Stop loss distance |
| Pips for entry | 5 | |
| Break even | 10 | Move the stop to break-even |
| Moving break even | true | Move the stop to break-even |
| Moving be hours to start | 3 |
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: Breakout · Pending Orders · Trailing Stop & Break-even · Time Filter · Risk & Lot Size · MT4 Expert Advisor · MQL4 Source Code