Sketchy Stoploss
Sketchy Stoploss is an expert advisor (trading robot) for MetaTrader 4 from the Old Kings collection. It works with a grid of orders, places pending orders and moves the stop behind price. It has 11 settings, for example Grid Direction (default 1), Grid Spacing (default 10) and Stop Loss (default 30). 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 Sketchy Stoploss
Sketchy Stoploss is an expert advisor (trading robot) for MetaTrader 4. It opens a grid of orders at fixed price steps, places pending buy/sell stop or limit orders and moves the stop loss behind price (trailing stop / break-even). It has 11 settings, such as Grid direction, Grid spacing and Stop loss. MQL source code included.
Files in the download: SketchyStoplossGridTrader_EA.mq4, Текстовый документ.txt.
Trading robots can lose money. Check every setting and test on a demo account before using real funds.
Settings
| Setting | Default | What it does |
|---|---|---|
| Grid direction | 1 | |
| Grid spacing | 10 | |
| Stop loss | 30 | Stop loss distance |
| Take profit | 70 | Take profit distance |
| Trailing stop | 30 | Trailing stop distance or switch |
| Delta price | 7 | |
| Lots | 0.1 | Trade size in lots |
| Lot increment | 0.1 | |
| Use lot increment | false | |
| No trade yesterday close | false | |
| Magic number | 0 | 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: Grid · Pending Orders · Trailing Stop & Break-even · MT4 Expert Advisor · MQL4 Source Code