Pips
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called Pips. In the code it works with MACD, RSI and moving averages. It moves the stop behind price, can size trades from your risk and handles several symbols. It has 19 settings, for example Magic Number (default 0), Signal Mail (default TRUE) and Each Tick Mode (default TRUE). Before any live use, test it on a demo account and check its lot size, stop loss and trading hours. Inside: 6 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 · v1.0 · Free
About Pips
Pips is an expert advisor (trading robot) for MetaTrader 4 based on MACD, RSI and Moving Average. It moves the stop loss behind price (trailing stop / break-even), can size trades from your balance and risk percent and works on several symbols at once. It has 19 settings, such as Magic number, Signal mail and Each tick mode. MQL source code included.
Files in the download: 1000pips M15.ex4, 1000pips M15~.mq4, 300pips4.8.ex4, 300pips4.8~.mq4, 500Pips.ex4, 500Pips~.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 |
|---|---|---|
| Magic number | 0 | Magic number that tells this EA's orders apart |
| Signal mail | TRUE | |
| Each tick mode | TRUE | |
| Maxtrader | 1.0 | |
| Lots | 1.0 | Trade size in lots |
| Slippage | 10 | Maximum slippage allowed when opening a trade |
| Use stop loss | FALSE | Stop loss distance |
| Stop loss | 40 | Stop loss distance |
| Use take profit | TRUE | Take profit distance |
| Take profit | 90 | Take profit distance |
| Use trailing stop | TRUE | Trailing stop distance or switch |
| Trailing stop | 30 | Trailing stop distance or switch |
| Maximum risk | 0.1 | Risk per trade (percent of balance) |
| Decrease factor | 3.0 | |
| Mm | 1.0 | |
| Use sound | TRUE | Turn this alert on or off |
| Name file sound | alert.wav | Turn this alert on or off |
| Expert name | GloboFX 300Pips4.8 | |
| Risk | 13.0 | Risk per trade (percent of balance) |
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 · Risk & Lot Size · Multi-Currency · MACD · RSI · Moving Average · MT4 Expert Advisor · MQL4 Source Code