Open Close Cross Strategy R5.1 Revised By Just UncleL
Open Close Cross Strategy R5.1 Revised By Just UncleL — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. It moves the stop behind price. It has 24 settings, for example use Res (default true), int Res (default 3) and basis Type (default SMMA). Watch it on a demo account for a while — robots can behave differently with each broker. Inside: 1 indicator 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 Open Close Cross Strategy R5.1 Revised By Just UncleL
Open Close Cross Strategy R5.1 Revised By Just UncleL is an expert advisor (trading robot) for MetaTrader 4. It moves the stop loss behind price (trailing stop / break-even). It has 24 settings, such as Use res, Int res and Basis type. MQL source code included.
Files in the download: Open Close Cross Strategy R5.1 revised by JustUncleL.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 |
|---|---|---|
| Use res | true | Use Alternate Resolution? |
| Int res | 3 | Multiplier for Alernate Resolution |
| Basis type | SMMA | MA Type |
| Basis len | 8 | MA Period |
| Scolor | false | Show coloured Bars to indicate Trend? |
| Up candle color | clrGreen | Up bars color |
| Down candle color | clrRed | Down bars color |
| Allow trading | true | Allow trading? |
| Trade type | Both | What trades should be taken |
| Lots | 0.1 | Position size |
| Lots type | PositionSizeContract | Position size type |
| Slippage | 3 | Maximum slippage allowed when opening a trade |
| Close on opposite | true | Close on opposite |
| Set stop | true | Set stop loss? |
| Stop | 10 | Stop loss value |
| Stop type | StopLimitPips | Stop loss type |
| Set limit | true | Set take profit? |
| Limit | 10 | Take profit value |
| Limit type | StopLimitPips | Take profit type |
| Move to breakeven | false | Move to breakeven |
| Breakeven trigger | 10 | Trigger for the breakeven |
| Breakeven trigger type | StopLimitPips | Trigger type for the breakeven |
| Magic number | 42 | Magic number |
| Logic type | DirectLogic | Logic type |
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 Indicator · MQL4 Source Code