Pipmaker
From the Old Kings archive: Pipmaker, an expert advisor (trading robot) for MetaTrader 4. In the code it works with RSI and moving averages. It raises the lot size after losses (martingale — high risk), moves the stop behind price and can size trades from your risk. It has 40 settings, for example ARSIPeriod (default 14), PRICE SELECT (default BUY/SELL ONLY @ SET PRIC) and Buy Order Price (default 0.0). Before any live use, test it on a demo account and check its lot size, stop loss and trading hours. Inside: 4 EA files with source code (.mq4) you can open and edit in MetaEditor and 3 settings files (.set). 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 Pipmaker
Pipmaker is an expert advisor (trading robot) for MetaTrader 4 based on RSI and Moving Average. It increases the lot size after a losing trade (martingale), moves the stop loss behind price (trailing stop / break-even) and can size trades from your balance and risk percent. It has 40 settings, such as Arsi period, Price select and Buy order price. MQL source code included.
It also works on several symbols at once.
Files in the download: 04-08-2009 Pipmaker Trades.gif, Adaptive RSI.mq4, pipmaker_v10_b_s-bod.mq4, Pipmaker_V14.mq4, Pipmaker_v15 with ProfitTrailing.mq4, pm15c.jpg, Pipmaker_V14 - pm14_m15_euraud.set, Pipmaker_V14 - pm14_m15_eurgbp.set ….
Trading robots can lose money. Check every setting and test on a demo account before using real funds.
Settings
| Setting | Default | What it does |
|---|---|---|
| Arsi period | 14 | Period or timeframe used by the calculation |
| Price select | BUY/SELL ONLY @ SET PRICE | |
| Buy order price | 0.0 | |
| Sell order price | 0.0 | |
| Trade direction | SELECT TRADES LONG OR SHORT | |
| Trade short | TRUE | |
| Trade long | TRUE | |
| Use dpo | TRUE | |
| Use cci | TRUE | |
| Cci period | 15 | Period or timeframe used by the calculation |
| Lot size | 0.01 | Trade size in lots |
| Lot increment | 0.01 | |
| Multiplier | 0.0 | How much the lot size grows after a loss |
| Profit target | 1 | |
| SL | 100.0 | Stop loss distance |
| Open on tick | 1 | |
| Spacing | 15 | |
| Trend spacing | 1000 | |
| Counter trend multiplier | 1.0 | How much the lot size grows after a loss |
| Close delay | 91 | |
| Cease trading | FALSE | |
| Pasue trading | Pause Trading at Timeinterval | |
| Start time | 0 | |
| End time | 0 | |
| Quit trading | Quit Trading at Time | |
| End day hour minute | 0 | |
| Right side label | TRUE | |
| Session target | 10000 | |
| Maximum buy orders | 10 | |
| Maximum sell orders | 10 | |
| Sl totalin dollar | 5000.0 | |
| Alert on | TRUE | Turn this alert on or off |
| Sound on | TRUE | Turn this alert on or off |
| Use tma | false | Triple moving average |
| M aperiod | 240 | Period or timeframe used by the calculation |
| Use arsi | true | Adaptive RSI |
| Rsi period | 15 | TF for ARSI |
| Rsi bars | 14 | lenght of ARSI |
| Arsi trigger | 0.007 | level to trigger trade |
| Cci period | 60 | CCi time frame |
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: Martingale · Trailing Stop & Break-even · Risk & Lot Size · Multi-Currency · RSI · Moving Average · MT4 Expert Advisor · MQL4 Source Code