Starter 4
From the Old Kings archive: Starter 4, an expert advisor (trading robot) for MetaTrader 4. In the code it works with moving averages and CCI. It places pending orders, moves the stop behind price and can size trades from your risk. It has 31 settings, for example Lots (default 1), Stop Loss (default 70) and Slippage (default 3). Watch it on a demo account for a while — robots can behave differently with each broker. Inside: 13 EA files 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 Starter 4
Starter 4 is an expert advisor (trading robot) for MetaTrader 4 based on Moving Average and CCI. 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 31 settings, such as Lots, Stop loss and Slippage. MQL source code included.
It also works on several symbols at once.
Files in the download: EK Starter.mq4, EMAAngleZeroAlert.mq4, experts.zip, Laguerre.mq4, Laguerre1.mq4, Starter Pack.zip, starter+laguerre.zip, starter_more.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 | Trade size in lots |
| Stop loss | 70 | Use 0 to Disable Stop Loss |
| Slippage | 3 | Maximum Slippage we are willing to tolerate |
| Decrease factor | 3 | |
| Magic number | 77777 | Magic number that tells this EA's orders apart |
| Stop | 10 | |
| Ma period | 10 | Period or timeframe used by the calculation |
| Maximum risk | 0.08 | Risk per trade (percent of balance) |
| Ea name | EK Starter | |
| Do alert | true | Turn this alert on or off |
| Ema period | 34 | Period or timeframe used by the calculation |
| Angle treshold | 0.2 | |
| Start ema shift | 6 | Bar shift (0 = current bar) |
| End ema shift | 0 | Bar shift (0 = current bar) |
| Gamma | 0.7 | |
| Count bars | 950 | |
| Take profit | 50 | Take profit distance |
| Trailing stop | 10 | Trailing stop distance or switch |
| Mm | 1 | |
| Riskpercent | 5 | Risk per trade (percent of balance) |
| Account is mini | 0 | |
| Live trading | 1 | |
| Margincutoff | 800 | |
| Turnon | 1 | |
| Maximum losses | 3 | |
| Maxtrades | 4 | Total number of positions on all currency pairs. You can change this number as you wish. |
| Ma period2 | 40 | Moving average period 2. |
| No dead time | 1 | |
| Len1 | 8 | |
| Len2 | 8 | |
| Len3 | 5 |
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 · Multi-Currency · Moving Average · CCI · MT4 Expert Advisor · MQL4 Source Code