Newesta 4.2
Newesta 4.2 is an expert advisor (trading robot) for MetaTrader 4 from the Old Kings collection. It moves the stop behind price. It has 13 settings, for example trade (default TRUE), Min Ur (default 4.0) and Lots (default 0.01). 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 Newesta 4.2
Newesta 4.2 is an expert advisor (trading robot) for MetaTrader 4. It moves the stop loss behind price (trailing stop / break-even). It has 13 settings, such as Trade, Min ur and Lots. MQL source code included.
Files in the download: Newesta 4.2.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 |
|---|---|---|
| Trade | TRUE | |
| Min ur | 4.0 | |
| Lots | 0.01 | Trade size in lots |
| Lots percent | 50 | |
| Max lots | 1.95 | |
| Take profit | 50 | Take profit distance |
| Stop loss | 10 | Stop loss distance |
| Fix tp | 1.0 | |
| Fix sl | 7.0 | |
| Whc | FALSE | |
| New | TRUE | |
| N trades | 3 | |
| Sound | FALSE | Turn this alert on or off |
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 · MT4 Expert Advisor · MQL4 Source Code