Pipforia HG V2.0.5
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called Pipforia HG V2.0.5. The file name marks it as version 2.0.5. In the code it works with moving averages. It works with a grid of orders, can hold buy and sell positions together and places pending orders. It has 29 settings, for example Emergency Exit (default === Emergency Exit ===), Shutdown Pending (default FALSE) and Manual Shutdown (default FALSE). Before any live use, test it on a demo account and check its lot size, stop loss and trading hours. Inside: 3 EA files 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 · v2.0.5 · Free
About Pipforia HG V2.0.5
Pipforia HG V2.0.5 is an expert advisor (trading robot) for MetaTrader 4 based on Moving Average. It opens a grid of orders at fixed price steps, can hold buy and sell positions at the same time (hedging) and places pending buy/sell stop or limit orders. It has 29 settings, such as Emergency exit, Shutdown pending and Manual shutdown. MQL source code included.
It also moves the stop loss behind price (trailing stop / break-even) and can size trades from your balance and risk percent.
Files in the download: PipForia_HG_v2.0.5 unlock version.ex4, PipForia_HG_v2.0.5. Source.mq4, PipForia_HG_v2.0.5.ex4.
Trading robots can lose money. Check every setting and test on a demo account before using real funds.
Settings
| Setting | Default | What it does |
|---|---|---|
| Emergency exit | === Emergency Exit === | |
| Shutdown pending | FALSE | |
| Manual shutdown | FALSE | |
| Broker display settings | === Broker & Display Settings ==== | |
| Using pipettes | FALSE | |
| Switch comments | TRUE | Comment written on the orders |
| Order arrows | TRUE | |
| General parameters | ==== Hedge-Grid General Parameters === | |
| Magic number | 1234 | Magic number that tells this EA's orders apart |
| Anchor space in pips | 30 | |
| Grid size in pips | 17 | |
| Fixed lot size settings | === Fixed Lot Size Settings === | |
| Anchor lots | 0.1 | |
| Level1 | 0.2 | |
| Level2 | 0.4 | |
| Level3 | 0.8 | |
| Level4 up | 1.6 | |
| Profit target settings | === Profit Target Settings === | |
| Equity target all | 10.0 | |
| Equity begin trailing | 0.0 | Trailing stop distance or switch |
| Hibernate after equity close | FALSE | |
| Break even option | ==== EA look to close-all at Maxlevel == | Move the stop to break-even |
| Seek break even | TRUE | Move the stop to break-even |
| Open orders break even | 2 | Move the stop to break-even |
| Equity alerts | === Equity Level Alerts === | Turn this alert on or off |
| Equity alert | FALSE | Turn this alert on or off |
| Equity alert level | -200 | Turn this alert on or off |
| Play sound alert | TRUE | Turn this alert on or off |
| Display popup alert | TRUE | Turn this alert on or off |
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: Grid · Hedging · Pending Orders · Trailing Stop & Break-even · Risk & Lot Size · Moving Average · MT4 Expert Advisor · MQL4 Source Code