Sr Limit
From the Old Kings archive: Sr Limit, an expert advisor (trading robot) for MetaTrader 4. It places pending orders, moves the stop behind price and can size trades from your risk. It has 5 settings, for example Chart Period (default 1), Maximum Risk (default 0.02) and Decrease Factor (default 3). Watch it on a demo account for a while — robots can behave differently with each broker. 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 Sr Limit
Sr Limit 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 can size trades from your balance and risk percent. It has 5 settings, such as Chart period, Maximum risk and Decrease factor. MQL source code included.
Files in the download: sr limit.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 |
|---|---|---|
| Chart period | 1 | Period or timeframe used by the calculation |
| Maximum risk | 0.02 | Risk per trade (percent of balance) |
| Decrease factor | 3 | |
| Magic | 321 | Magic number that tells this EA's orders apart |
| Comment | m S-R limit | Comment written on the 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: Pending Orders · Trailing Stop & Break-even · Risk & Lot Size · MT4 Expert Advisor · MQL4 Source Code