Profit Hunter 4
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called Profit Hunter 4. In the code it works with MACD, RSI and moving averages. It raises the lot size after losses (martingale — high risk), can size trades from your risk and handles several symbols. It has 17 settings, for example A (default Account Manage), Lots (default 0.1) and Max Lots (default 100.0). 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 Profit Hunter 4
Profit Hunter 4 is an expert advisor (trading robot) for MetaTrader 4 based on MACD, RSI and Moving Average. It increases the lot size after a losing trade (martingale), can size trades from your balance and risk percent and works on several symbols at once. It has 17 settings, such as A, Lots and Max lots. MQL source code included.
Files in the download: 418_ProfitHunter.mq4, Текстовый документ.txt.
Trading robots can lose money. Check every setting and test on a demo account before using real funds.
Settings
| Setting | Default | What it does |
|---|---|---|
| A | Account Management | |
| Lots | 0.1 | Trade size in lots |
| Max lots | 100.0 | |
| Money management | TRUE | |
| Risk | 10.0 | Risk per trade (percent of balance) |
| Profit multiplier | 2.0 | How much the lot size grows after a loss |
| B | Trading Control | |
| Use shadow targets | TRUE | |
| Take profit | 10 | Take profit distance |
| Stop loss | 20 | Stop loss distance |
| Slippage | 3 | Maximum slippage allowed when opening a trade |
| C | Time Control | |
| Time control | FALSE | |
| From time1 | 0 | |
| To time1 | 0 | |
| From time2 | 0 | |
| To time2 | 0 |
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 · Risk & Lot Size · Multi-Currency · MACD · RSI · Moving Average · MT4 Expert Advisor · MQL4 Source Code