Rawincome 124 2
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called Rawincome 124 2. It raises the lot size after losses (martingale — high risk), places pending orders and moves the stop behind price. It has 28 settings, for example Trade Comment, Magic Number (default 1) and Slippage (default 1). Watch it on a demo account for a while — robots can behave differently with each broker. 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 Rawincome 124 2
Rawincome 124 2 is an expert advisor (trading robot) for MetaTrader 4. It increases the lot size after a losing trade (martingale), places pending buy/sell stop or limit orders and moves the stop loss behind price (trailing stop / break-even). It has 28 settings, such as Trade comment, Magic number and Slippage. MQL source code included.
It also trades only in the hours you set (time filter) and can size trades from your balance and risk percent.
Files in the download: rawincome_124 (1).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 |
|---|---|---|
| Trade comment | Comment | |
| Magic number | 1 | Magic |
| Slippage | 1 | Maximum slippage allowed when opening a trade |
| Tick modulus | 1 | Tick Filter |
| Tick sample | 300 | Tick Samples |
| Title1 | TIME SETTINGS | \ Time |
| Trade interval | 1 | Trade Request Seconds |
| Secs | 60 | Order Modify Seconds |
| Start hour | 1 | Start Hour |
| End hour | 22 | End Hour |
| Order expiry | 15 | Order Expiry |
| Title2 | MONEY MANAGEMENT | \ Account |
| Fixed lot | 0.0 | Fixed Lots |
| Risk percent | 5 | Risk |
| Aggressive | 3 | Aggressive > 1 |
| Adaptive | 0.2 | Adaptive 0 - 1 |
| History | 5 | History |
| Title4 | MAX SPREAD | \ Spread Settings |
| Max spread | 40 | Max Spread Points |
| Min measure | 9 | Min Spread Measure |
| Title3 | MEASURED IN SPREADS | \ Trade Settings |
| Signal | 1.8 | Signal Size |
| Delta | 3.5 | Order Distance |
| Double down | 3.0 | Double Down |
| Double target | 0.2 | Double Target |
| Stop | 5.0 | Stop Loss |
| Max trailing | 4 | Max Trailingm |
| Trailing target | 8.0 | Trailing Target |
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 · Pending Orders · Trailing Stop & Break-even · Time Filter · Risk & Lot Size · MT4 Expert Advisor · MQL4 Source Code