Multilot Scalper V2
Multilot Scalper V2 — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. As the name suggests, the idea behind it is short scalping trades. This copy is version 2. Its source code uses MACD and ATR. It moves the stop behind price, has a trading-hours filter and can size trades from your risk. It has 22 settings, for example Take Profit (default 40), Lots (default 0.1) and Initial Stop (default 0). 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 and 1 settings file (.set). 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 · v2 · Free
About Multilot Scalper V2
Multilot Scalper V2 is an expert advisor (trading robot) for MetaTrader 4 based on MACD and ATR. 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 22 settings, such as Take profit, Lots and Initial stop. MQL source code included.
It also works on several symbols at once.
Files in the download: MULTILOT SCALPER V2\EURUSD.set, MULTILOT SCALPER V2\IMPORTANT NOTES.txt, MULTILOT SCALPER V2\multi_lot_scalper v2.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 |
|---|---|---|
| Take profit | 40 | Take profit distance |
| Lots | 0.1 | Trade size in lots |
| Initial stop | 0 | |
| Trailing stop | 20 | Trailing stop distance or switch |
| Max trades | 10 | Maximum number of open trades |
| Pips | 15 | |
| Secure profit | 10 | |
| Account protection | 1 | |
| Ordersto protect | 3 | |
| Reverse condition | 0 | |
| Eurusd pip value | 10 | |
| Gbpusd pip value | 10 | |
| Usdchf pip value | 10 | |
| Usdjpy pip value | 9.715 | |
| Start year | 2005 | |
| Start month | 1 | |
| End year | 2050 | |
| End month | 12 | |
| End hour | 22 | Hour when trading stops (server time) |
| End minute | 30 | |
| Risk percent | 12 | Risk per trade (percent of balance) |
| Accountis normal | 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 · Multi-Currency · MACD · ATR · MT4 Expert Advisor · MQL4 Source Code