News Traders Mt4 V01 2
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called News Traders Mt4 V01 2. As the name suggests, the idea behind it is economic news times. The file name marks it as version 01.2. It places pending orders, moves the stop behind price and has a trading-hours filter. It has 10 settings, for example Lots (default 0.01), Stop Loss (default 100.00) and Take Profit (default 50.00). 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 · v01 · Free
About News Traders Mt4 V01 2
News Traders Mt4 V01 2 is an expert advisor (trading robot) for MetaTrader 4. It places pending buy/sell stop or limit orders, moves the stop loss behind price (trailing stop / break-even) and trades only in the hours you set (time filter). It has 10 settings, such as Lots, Stop loss and Take profit. MQL source code included.
Files in the download: News_Traders_Mt4_v01.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 | 0.01 | Trade size in lots |
| Stop loss | 100.00 | Stop loss distance |
| Take profit | 50.00 | Take profit distance |
| Trailing stop | 13.00 | Trailing stop distance or switch |
| Start hour | 15 | Hour when trading starts (server time) |
| Start minute | 27 | |
| V sl | 10 | |
| V tp | 20 | |
| Entry amount | 10 | |
| Order kill in seconds | 300 |
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: News Trading · Pending Orders · Trailing Stop & Break-even · Time Filter · MT4 Expert Advisor · MQL4 Source Code