Robot Power M5 Meta4V11a
From the Old Kings archive: Robot Power M5 Meta4V11a, an expert advisor (trading robot) for MetaTrader 4. In the code it works with ATR. It moves the stop behind price and can size trades from your risk. It has 7 settings, for example Bull Bear Period (default 5), lots (default 1.0) and Trailing Stop (default 15). Before any live use, test it on a demo account and check its lot size, stop loss and trading hours. 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 Robot Power M5 Meta4V11a
Robot Power M5 Meta4V11a is an expert advisor (trading robot) for MetaTrader 4 based on ATR. It moves the stop loss behind price (trailing stop / break-even) and can size trades from your balance and risk percent. It has 7 settings, such as Bull bear period, Lots and Trailing stop. MQL source code included.
Files in the download: RobotPowerM5_meta4V11a.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 |
|---|---|---|
| Bull bear period | 5 | Period or timeframe used by the calculation |
| Lots | 1.0 | Trade size in lots |
| Trailing stop | 15 | trail stop in points |
| Take profit | 150 | recomended no more than 150 |
| Stop loss | 45 | do not use s/l |
| Slippage | 4 | Maximum slippage allowed when opening a trade |
| Name ea | DayTrading | EA identifier. Allows for several co-existing EA with different values |
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 · Risk & Lot Size · ATR · MT4 Expert Advisor · MQL4 Source Code