Profit Factor1
From the Old Kings archive: Profit Factor1, an expert advisor (trading robot) for MetaTrader 4. In the code it works with fractals and Momentum. It places pending orders and can size trades from your risk. It has 1 setting, for example Parol (default 0000). Before any live use, test it on a demo account and check its lot size, stop loss and trading hours. Inside: 6 indicator 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 Profit Factor1
Profit Factor1 is an expert advisor (trading robot) for MetaTrader 4 based on Fractals and Momentum. It places pending buy/sell stop or limit orders and can size trades from your balance and risk percent. It has 1 setting, such as Parol. MQL source code included.
Files in the download: DetailedStatement.gif, Indi.ex4, Indi~.mq4, pcode.bin, PROFIT-FACTOR(M).ex4, PROFIT-FACTOR(M)~.mq4, PROFIT-FACTOR.ex4, PROFIT-FACTOR~.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 |
|---|---|---|
| Parol | 0000 |
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: Pending Orders · Risk & Lot Size · Fractals · Momentum · MT4 Indicator · MQL4 Source Code