Rivas
From the Old Kings archive: Rivas, an expert advisor (trading robot) for MetaTrader 4. It places pending orders, moves the stop behind price and has a trading-hours filter. It has 40 settings, for example obsh, _ and __. 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 Rivas
Rivas is an expert advisor (trading robot) for MetaTrader 4. It 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). It has 40 settings, such as Obsh, _ and __. MQL source code included.
It also can size trades from your balance and risk percent.
Files in the download: Rivas.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 |
|---|---|---|
| Obsh | ||
| _ | ||
| __ | ||
| Por | ||
| Profit | 70.0 | Buy Sell |
| Lots | 0.1 | Trade size in lots |
| Use percent of deposit | false | |
| Risk | 1.2 | Risk per trade (percent of balance) |
| Use fix lot to balance | false | |
| Lot of equity | 0.01 | RVD |
| Equity to count | 20000 | every double of summ * Lot_of_balance (20000=0.01 40000=0.02) |
| Pus1 | ||
| Opr | ||
| Use all profit for close all | false | |
| All profit | 234.56 | |
| Use all profit for close buy | false | |
| All profit buy | 89.24 | |
| Use all profit for close sell | false | |
| All profit sell | 87.38 | |
| Pus2 | ||
| Pr col | ||
| Use profit lines | false | |
| Line width | 2 | |
| Line all profit color | White | Colour on the chart |
| Line buy profit color | Blue | Colour on the chart |
| Line sell profit color | Yellow | Colour on the chart |
| Use delete arrows | true | |
| Pus3 | ||
| Pr | ||
| Use traling buy | false | |
| All profit buy tr | 60 | |
| Step prof b | 5 | All_profit_Buy_tr |
| Use traling sell | false | |
| All profit sell tr | 67 | |
| Step prof s | 5 | All_profit_Sell_tr |
| Pus4 | ||
| Tre st | ||
| Use traling stop | false | |
| Trailing stop start | 40 | ( ) |
| Trailing stop | 20 | Tral_Start |
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 · Trailing Stop & Break-even · Time Filter · Risk & Lot Size · MT4 Expert Advisor · MQL4 Source Code