Multi Lot Scalper P Day MT4
From the Old Kings archive: Multi Lot Scalper P Day MT4, an expert advisor (trading robot) for MetaTrader 4. Its name points to short scalping trades. It moves the stop behind price, can size trades from your risk and handles several symbols. It has 18 settings, for example Lots (default 0.10), Stop Loss (default 0.00) and Take Profit (default 10.00). 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 · v1.0 · Free
About Multi Lot Scalper P Day MT4
Multi Lot Scalper P Day MT4 is an expert advisor (trading robot) for MetaTrader 4. It moves the stop loss behind price (trailing stop / break-even), can size trades from your balance and risk percent and works on several symbols at once. It has 18 settings, such as Lots, Stop loss and Take profit. MQL source code included.
Files in the download: Multi_Lot_Scalper_P_DAY_MT4.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 |
|---|---|---|
| Lots | 0.10 | Trade size in lots |
| Stop loss | 0.00 | 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 | 2 | |
| Secure profit | 10 | |
| Account protection | 1 | |
| Ordersto protect | 3 | |
| Reverse condition | 0 | |
| Eurusd 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 · Risk & Lot Size · Multi-Currency · MT4 Expert Advisor · MQL4 Source Code