Price Action 3 2
Price Action 3 2 is an expert advisor (trading robot) for MetaTrader 4 from 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 3 2
Price Action 3 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