NY Breakout V0.11
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called NY Breakout V0.11. As the name suggests, the idea behind it is breakouts from a range. The file name marks it as version 0.11. It has a trading-hours filter. It has 7 settings, for example Trading Hour (default 1), Setup valid for X minutes (default 50) and Take Profit (default 40). 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 · v0.11 · Free
About NY Breakout V0.11
NY Breakout V0.11 is an expert advisor (trading robot) for MetaTrader 4. It trades only in the hours you set (time filter). It has 7 settings, such as Trading hour, Setup valid for x minutes and Take profit. MQL source code included.
Files in the download: NY breakout v0.11.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 |
|---|---|---|
| Trading hour | 1 | |
| Setup valid for x minutes | 50 | Between 15 and 59 mintes. |
| Take profit | 40 | Take profit distance |
| Stoploss pips outside bar | 1 | put stoploss at High[1]+X and Low[1]-X |
| Force close after x hours | 99 | |
| Lots | 1 | Trade size in lots |
| Slippage | 3 | Maximum slippage allowed when opening a trade |
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: Breakout · Time Filter · MT4 Expert Advisor · MQL4 Source Code