Multi Lot Scalper 6
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called Multi Lot Scalper 6. As the name suggests, the idea behind it is short scalping trades. It moves the stop behind price, has a trading-hours filter and can size trades from your risk. It has 23 settings, for example Hours Start (default 20), Hours End (default 7) and Lots (default 0.1). Watch it on a demo account for a while — robots can behave differently with each broker. 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 Multi Lot Scalper 6
Multi Lot Scalper 6 is an expert advisor (trading robot) for MetaTrader 4. It 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. It has 23 settings, such as Hours start, Hours end and Lots. MQL source code included.
Files in the download: Multi Lot Scalper.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 |
|---|---|---|
| Hours start | 20 | |
| Hours end | 7 | |
| Lots | 0.1 | Trade size in lots |
| Max lots | 100 | |
| Max spread | 3 | Maximum spread allowed to trade |
| Stop loss | 100 | Stop loss distance |
| Take profit | 10.00 | Take profit distance |
| Trailing stop | 5.00 | Trailing stop distance or switch |
| Max trades | 5 | Maximum number of open trades |
| Pips | 5 | |
| Secure profit | 10 | |
| Account protection | 1 | |
| Ordersto protect | 3 | |
| Reverse condition | 0 | |
| Eurusd pip value | 10 | |
| Eurgbp pip value | 10 | |
| Gbpusd pip value | 10 | |
| Usdchf pip value | 7.94 | |
| Usdjpy pip value | 9.03 | |
| Mm | 0 | |
| Risk | 12 | Risk per trade (percent of balance) |
| Accountis normal | 0 | |
| Time zoneof data | 0 |
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: Scalping · Trailing Stop & Break-even · Time Filter · Risk & Lot Size · MT4 Expert Advisor · MQL4 Source Code