Sky Forex V.1
Sky Forex V.1 is an expert advisor (trading robot) for MetaTrader 4 from the Old Kings collection. This copy is version 1. It can hold buy and sell positions together, places pending orders and moves the stop behind price. It has 20 settings, for example Stop Loss (default 120.0), risk (default 8) and new Take Profit (default 6.0). 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 · Free
About Sky Forex V.1
Sky Forex V.1 is an expert advisor (trading robot) for MetaTrader 4. It can hold buy and sell positions at the same time (hedging), places pending buy/sell stop or limit orders and moves the stop loss behind price (trailing stop / break-even). It has 20 settings, such as Stop loss, Risk and New take profit. MQL source code included.
It also trades only in the hours you set (time filter), can size trades from your balance and risk percent and has a news filter.
Files in the download: SkyForex_v.1.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 |
|---|---|---|
| Stop loss | 120.0 | Stop loss distance |
| Risk | 8 | Risk per trade (percent of balance) |
| New take profit | 6.0 | Take profit distance |
| Trailing stop | 0.0 | Trailing stop distance or switch |
| MM | FALSE | |
| Max lot | 100 | |
| Min lot | 0.1 | |
| Lotsi | 0.1 | |
| Hedge | FALSE | |
| Acc leverage | 100 | |
| My broker type | 0 | |
| Hour 1 | 21 | |
| Hour 2 | 21 | |
| Hour 3 | 21 | |
| Hour 4 | 21 | |
| Minutes | 60 | |
| Slippage | 2 | Maximum slippage allowed when opening a trade |
| Max orders | 5 | Maximum number of open trades |
| Distance | 1 | Distance between orders |
| Magic1 | 85750 | 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: Hedging · Pending Orders · Trailing Stop & Break-even · Time Filter · Risk & Lot Size · News Trading · MT4 Expert Advisor · MQL4 Source Code