RPM5 MT4V1 Ea
RPM5 MT4V1 Ea is an expert advisor (trading robot) for MetaTrader 4 from the Old Kings collection. Its source code uses ATR. It moves the stop behind price and can size trades from your risk. It has 9 settings, for example Hour Set Order (default 9), Bull Bear Period (default 5) and lots (default 1.0). 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 RPM5 MT4V1 Ea
RPM5 MT4V1 Ea 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 9 settings, such as Hour set order, Bull bear period and Lots. MQL source code included.
Files in the download: RPM5_MT4V1_[ea].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 |
|---|---|---|
| Hour set order | 9 | start time |
| 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 | 25 | do not use s/l |
| Slippage | 3 | Maximum slippage allowed when opening a trade |
| Pivots | true | |
| 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