Pull Back V1a 4
Pull Back V1a 4 is an expert advisor (trading robot) for MetaTrader 4 from the Old Kings collection. It raises the lot size after losses (martingale — high risk), works with a grid of orders and can hold buy and sell positions together. It has 40 settings, for example gen (default ----General inputs----), Trading Time Frame (default PERIOD_CURRENT) and Every Tick Mode (default true). 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 · v1a · Free
About Pull Back V1a 4
Pull Back V1a 4 is an expert advisor (trading robot) for MetaTrader 4. It increases the lot size after a losing trade (martingale), opens a grid of orders at fixed price steps and can hold buy and sell positions at the same time (hedging). It has 40 settings, such as Gen, Trading time frame and Every tick mode. MQL source code included.
It also places pending buy/sell stop or limit orders, moves the stop loss behind price (trailing stop / break-even) and trades only in the hours you set (time filter).
Files in the download: PullBack_V1a.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 |
|---|---|---|
| Gen | ----General inputs---- | |
| Trading time frame | PERIOD_CURRENT | Period or timeframe used by the calculation |
| Every tick mode | true | |
| Lot | 0.01 | Trade size in lots |
| Risk percent | 0 | Set to zero to disable and use Lot |
| Lots per dollop of cash | 0 | Over rides Lot. Zero input to cancel. |
| Size of dollop | 1000 | |
| Use balance | false | |
| Use equity | true | |
| Stop trading | false | |
| Setup006 | true | |
| Setup007 | true | |
| Trade long | true | |
| Trade short | true | |
| Take profit pips | 10 | Take profit distance |
| Stop loss pips | 12 | Stop loss distance |
| Stop length minutes | 15 | |
| Second stop start minutes | 65 | |
| Basket trail | false | Trailing stop distance or switch |
| Magic number | 0 | Magic number that tells this EA's orders apart |
| Trade comment | SetUp Tester | Comment written on the orders |
| Is global prime or ecn criminal | false | |
| Max slippage pips | 5 | Maximum slippage allowed when opening a trade |
| Post trade attempt wait seconds | 2 | Defaults to 10 minutes |
| Sep2c | ======================================== | |
| Mpp | ---- Minimum pips in between same-pair t | |
| Min distance between trades pips | 7 | Distance between orders |
| Sep1 | ======================================== | |
| Hgic | ======== HGI choices ======== | |
| Hgi | -- HGI Inputs -- | |
| Hgi time frame | PERIOD_M5 | Period or timeframe used by the calculation |
| Close on large arrows | false | |
| Close on blue wavy | false | |
| Only close winning trades | false | |
| Sep2 | ======================================== | |
| Btp | ---- Hedged Basket take profit inputs -- | |
| Hedged basket cash take profit | 1 | Take profit distance |
| Non hedged basket cash take profit | 3.0 | Take profit distance |
| Non hedged basket cash take loss | -20.0 | |
| Zip pip | 120 |
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 · Grid · Hedging · Pending Orders · Trailing Stop & Break-even · Time Filter · MT4 Expert Advisor · MQL4 Source Code