Price Action 2 2
Price Action 2 2 — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. As the name suggests, the idea behind it is price action (reading the candles themselves). It moves the stop behind price. It has 8 settings, for example Lots (default 1), TP (default 100) and Trailing Stop (default 0). Run it in the Strategy Tester and then on a demo account to see how it opens and closes trades. 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 · v1.0 · Free
About Price Action 2 2
Price Action 2 2 is an expert advisor (trading robot) for MetaTrader 4. It moves the stop loss behind price (trailing stop / break-even). It has 8 settings, such as Lots, TP and Trailing stop. MQL source code included.
Files in the download: PriceAction.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 |
|---|---|---|
| Lots | 1 | Trade size in lots |
| TP | 100 | Take profit distance |
| Trailing stop | 0 | Trailing stop distance or switch |
| Trailing step | 0 | Trailing stop distance or switch |
| Leverage | 5 | |
| Maximum lossin money | 1000 | |
| Magic number | 250346 | Magic number that tells this EA's orders apart |
| Use alerts | false | 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: Price Action · Trailing Stop & Break-even · MT4 Expert Advisor · MQL4 Source Code