Oilfxpro Gold Breakouts Freeversion
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called Oilfxpro Gold Breakouts Freeversion. As the name suggests, the idea behind it is gold (XAUUSD). In the code it works with ATR. It places pending orders, moves the stop behind price and can size trades from your risk. It has 15 settings, for example Begin Session1 (default 13), End Session1 (default 14) and Begin Session2 (default 11). 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 Oilfxpro Gold Breakouts Freeversion
Oilfxpro Gold Breakouts Freeversion is an expert advisor (trading robot) for MetaTrader 4 based on ATR. It places pending buy/sell stop or limit orders, moves the stop loss behind price (trailing stop / break-even) and can size trades from your balance and risk percent. It has 15 settings, such as Begin session1, End session1 and Begin session2. MQL source code included.
It also works on several symbols at once.
Files in the download: oilfxpro_gold_breakouts_freeversion.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 |
|---|---|---|
| Begin session1 | 13 | Hour when trading starts (server time) |
| End session1 | 14 | |
| Begin session2 | 11 | Hour when trading starts (server time) |
| End session2 | 12 | |
| Lots | 0.2 | Trade size in lots |
| Pips for entry | 15 | |
| Local time zone | 1 | |
| Dest time zone | 1 | |
| Cls onl unpr tx | 1 | 1 = yes / 0 = no |
| Protect your investments | 0 | 1 = yes / 0 = no |
| Type ts calc | 1 | 1 - classic / 2 - ATR / 3 - HalfVotality |
| Factor ts calculation | 0.5 | |
| Trailing stop | 40 | Trailing stop distance or switch |
| Take profit | 70 | Take profit distance |
| Initial stop loss | 40 | Stop loss distance |
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: Gold (XAUUSD) · Breakout · Pending Orders · Trailing Stop & Break-even · Risk & Lot Size · Multi-Currency · ATR · MT4 Expert Advisor · MQL4 Source Code