Simple Expert Advisor
Simple Expert Advisor is an expert advisor (trading robot) for MetaTrader 4 from the Old Kings collection. Its source code uses moving averages. It moves the stop behind price. It has 11 settings, for example Magic Number (default 101), Slippage (default 10) and Lot Size (default 0.1). 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 Simple Expert Advisor
Simple Expert Advisor is an expert advisor (trading robot) for MetaTrader 4 based on Moving Average. It moves the stop loss behind price (trailing stop / break-even). It has 11 settings, such as Magic number, Slippage and Lot size. MQL source code included.
Files in the download: Simple Expert Advisor.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 |
|---|---|---|
| Magic number | 101 | Magic number that tells this EA's orders apart |
| Slippage | 10 | Maximum slippage allowed when opening a trade |
| Lot size | 0.1 | Trade size in lots |
| Stop loss | 0 | Stop loss distance |
| Take profit | 0 | Take profit distance |
| Ma period | 5 | Period or timeframe used by the calculation |
| Ma method | MODE_EMA | |
| Ma price | PRICE_CLOSE | |
| Trailing stop | 500 | Trailing stop distance or switch |
| Minimum profit | 200 | |
| Step | 10 | Distance between orders |
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 · Moving Average · MT4 Expert Advisor · MQL4 Source Code