Rahn Abbott
Rahn Abbott — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. Its source code uses moving averages. It moves the stop behind price. It has 13 settings, for example Lots (default 0.01), Stop Loss (default 20) and Take Profit (default 20). 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 Rahn Abbott
Rahn Abbott is an expert advisor (trading robot) for MetaTrader 4 based on Moving Average. It moves the stop loss behind price (trailing stop / break-even). It has 13 settings, such as Lots, Stop loss and Take profit. MQL source code included.
Files in the download: RahnAbbott.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 | 0.01 | Trade size in lots |
| Stop loss | 20 | Stop loss distance |
| Take profit | 20 | Take profit distance |
| Trailing stop | 20 | Trailing stop distance or switch |
| Max trades | 5 | Maximum number of open trades |
| Use sound | False | Turn this alert on or off |
| Fast ma period | 9 | Period or timeframe used by the calculation |
| Medium ma period | 14 | Period or timeframe used by the calculation |
| Slow ma period | 29 | Period or timeframe used by the calculation |
| Fast ma mode | PRICE_OPEN | |
| Medium ma mode | PRICE_OPEN | |
| Slow ma mode | PRICE_OPEN | |
| Ema open level | 2 |
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: Trailing Stop & Break-even · Moving Average · MT4 Expert Advisor · MQL4 Source Code