My Friend.mq4
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called My Friend.mq4. It moves the stop behind price and can size trades from your risk. It has 11 settings, for example Param Exp (default --- ---), Risk (default 0.33) and TP (default 70). 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 My Friend.mq4
My Friend.mq4 is an expert advisor (trading robot) for MetaTrader 4. It moves the stop loss behind price (trailing stop / break-even) and can size trades from your balance and risk percent. It has 11 settings, such as Param exp, Risk and TP. MQL source code included.
Files in the download: MyFriend.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 |
|---|---|---|
| Param exp | --- --- | |
| Risk | 0.33 | Risk per trade (percent of balance) |
| TP | 70 | Take profit distance |
| Sl plus | 13 | |
| Param close | --- --- | |
| Use close | true | |
| Param trail | --- Trailing Stop --- | Trailing stop distance or switch |
| Ch period | 16 | Period or timeframe used by the calculation |
| Use trailing stop | true | Trailing stop distance or switch |
| Start profit | 5 | |
| Tsl plus | 1 |
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: Trailing Stop & Break-even · Risk & Lot Size · MT4 Expert Advisor · MQL4 Source Code