Pip Laser V1 01 Edu
Pip Laser V1 01 Edu — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. This copy is version 1.01. Its source code uses moving averages and fractals. It can size trades from your risk. It has 19 settings, for example Trading (default Trade Management), Min Lot Size (default 0.01) and Max Lot Size (default 10.0). 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 · v1 · Free
About Pip Laser V1 01 Edu
Pip Laser V1 01 Edu is an expert advisor (trading robot) for MetaTrader 4 based on Moving Average and Fractals. It can size trades from your balance and risk percent. It has 19 settings, such as Trading, Min lot size and Max lot size. MQL source code included.
Files in the download: PipLaser_v1_01_edu.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 | Trade Management | |
| Min lot size | 0.01 | |
| Max lot size | 10.0 | |
| Trade level | 20.0 | |
| Equity mode | TRUE | |
| Stealth mode | FALSE | |
| Pip target | 8 | |
| Stop loss | 50 | Stop loss distance |
| Time protect | 120 | |
| Broker | Broker Management | |
| Gmt offset | 1 | |
| Auto gmt offset | TRUE | |
| Max spread | 5 | Maximum spread allowed to trade |
| Reference | 201007 | |
| Draw settings | Screen Settings | |
| Top padding | 20 | |
| Left padding | 20 | |
| Text color1 | Gold | Colour on the chart |
| Text color2 | DarkOrange | Colour on the chart |
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: Risk & Lot Size · Moving Average · Fractals · MT4 Expert Advisor · MQL4 Source Code