SMC Manual EA Limit And Or Stop Order
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called SMC Manual EA Limit And Or Stop Order. As the name suggests, the idea behind it is smart-money concepts (market structure, order blocks). It moves the stop behind price and can size trades from your risk. It has 10 settings, for example Lots (default 1.0), Maximum Risk (default 0.02) and Decrease Factor (default 0). 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 SMC Manual EA Limit And Or Stop Order
SMC Manual EA Limit And Or Stop Order is an expert advisor (trading robot) for MetaTrader 4. It moves the stop loss behind price (trailing stop / break-even) and can size trades from your balance and risk percent. It has 10 settings, such as Lots, Maximum risk and Decrease factor. MQL source code included.
Files in the download: SMC Manual EA limit and_or stop order.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 | 1.0 | Trade size in lots |
| Maximum risk | 0.02 | Risk per trade (percent of balance) |
| Decrease factor | 0 | 0 for no decrease in lotsize |
| Slippage | 3 | Maximum slippage allowed when opening a trade |
| Use trailing stop | 1 | >0 enables trailing stop |
| Trailing stop | 20 | Trailing stop distance or switch |
| One trade per day | 1 | >0 LIMITS(restricts) trades to ONE PER DAY |
| Extend lines | 1 | >0 for extended trendline |
| Stoporders | 1 | >0 to draw stoporder trendlines |
| Limitorders | 1 | >0 to draw limitorder trendlines |
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: Smart Money (SMC / ICT) · Trailing Stop & Break-even · Risk & Lot Size · MT4 Expert Advisor · MQL4 Source Code