Newest Universal 10
From the Old Kings archive: Newest Universal 10, an expert advisor (trading robot) for MetaTrader 4. It can hold buy and sell positions together and can size trades from your risk. It has 25 settings, for example settings1 (default ), symbol1 (default EURUSD) and Minimum Level (default 4.0). 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 · v1.0 · Free
About Newest Universal 10
Newest Universal 10 is an expert advisor (trading robot) for MetaTrader 4. It can hold buy and sell positions at the same time (hedging) and can size trades from your balance and risk percent. It has 25 settings, such as Settings1, Symbol1 and Minimum level. MQL source code included.
Files in the download: Newest Universal 10~.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 |
|---|---|---|
| Settings1 | ||
| Symbol1 | EURUSD | |
| Minimum level | 4.0 | |
| Sdvig bid | 0 | |
| Magic | 401 | Magic number that tells this EA's orders apart |
| Slippage | 1.0 | Maximum slippage allowed when opening a trade |
| Settings2 | ||
| Risk percent | 0 | Risk per trade (percent of balance) |
| Lots | 0.1 | Trade size in lots |
| Max lots | 99.9 | |
| Stop loss | 15 | Stop loss distance |
| Take profit | 50 | Take profit distance |
| Fix tp | 1.0 | |
| Fix sl | 7.0 | |
| Use sltp | TRUE | |
| N trades | 3 | |
| Settings3 | ||
| Use hedge | TRUE | |
| Time rem | 240 | |
| Settings4 | ||
| Hand operate | TRUE | |
| Market or instant | 1 | |
| Settings5 | ||
| Use gts2 | FALSE | |
| Use saxo trader | TRUE |
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: Hedging · Risk & Lot Size · MT4 Expert Advisor · MQL4 Source Code