Setka Limit Loc V4.2
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called Setka Limit Loc V4.2. The file name marks it as version 4.2. It places pending orders, moves the stop behind price and has a trading-hours filter. It has 36 settings, for example Buy (default TRUE), Sell (default TRUE) and Orders Limit (default 5). 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 · v4.2 · Free
About Setka Limit Loc V4.2
Setka Limit Loc V4.2 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 36 settings, such as Buy, Sell and Orders limit. MQL source code included.
It also can size trades from your balance and risk percent.
Files in the download: Setka Limit Loc v4.2.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 |
|---|---|---|
| Buy | TRUE | |
| Sell | TRUE | |
| Orders limit | 5 | |
| Orders stop | 10 | |
| Orders tek | 4 | |
| Lot limit | 0.1 | |
| Lot stop | 0.4 | |
| Plus lot | 0.1 | |
| K lot | 1.0 | |
| Move step gread | 10 | Distance between orders |
| First step | 0 | Distance between orders |
| Step | 0 | Distance between orders |
| S loss | 0 | |
| T profit | 0 | |
| No loss | 0.0 | |
| Trailing percent step | 0.0 | Trailing stop distance or switch |
| Profit start trall | 0.0 | |
| Profit start k | 0.3 | |
| Trailing percent profit | 30.0 | Trailing stop distance or switch |
| ___________________ | ||
| Sleep time | 0 | |
| Magic | 1000 | Magic number that tells this EA's orders apart |
| Diapazon | 1.0 | |
| __________________ | ||
| Alert on | TRUE | Turn this alert on or off |
| Draw info | TRUE | |
| Send mail info | FALSE | |
| _________________ | ||
| Time start | 0 | |
| Time end | 24 | |
| ________________ | ||
| Close end week | TRUE | |
| Hour close | 18 | |
| Key | 0 | |
| Lok | 4 | |
| Lok no loss | TRUE |
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