Scalper.mq4 2
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called Scalper.mq4 2. Judging by its name, it is built around short scalping trades. It places pending orders and moves the stop behind price. It has 10 settings, for example Lots (default 0.01), Take Profit (default 24.0) and Use Trailing (default FALSE). 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 Scalper.mq4 2
Scalper.mq4 2 is an expert advisor (trading robot) for MetaTrader 4. It places pending buy/sell stop or limit orders and moves the stop loss behind price (trailing stop / break-even). It has 10 settings, such as Lots, Take profit and Use trailing. MQL source code included.
Files in the download: Scalper.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 |
| Take profit | 24.0 | Take profit distance |
| Use trailing | FALSE | Trailing stop distance or switch |
| Trail start | 35.0 | Trailing stop distance or switch |
| Trail stop | 49.0 | Trailing stop distance or switch |
| Max count orders | 10 | |
| Safe equity | FALSE | |
| Safe equity risk | 10.0 | Risk per trade (percent of balance) |
| Slippage | 3.0 | Maximum slippage allowed when opening a trade |
| Magic number | 12469 | Magic number that tells this EA's orders apart |
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: Scalping · Pending Orders · Trailing Stop & Break-even · MT4 Expert Advisor · MQL4 Source Code