Starter V4 Mod
From the Old Kings archive: Starter V4 Mod, an expert advisor (trading robot) for MetaTrader 4. The file name marks it as version 4. In the code it works with moving averages. It places pending orders, moves the stop behind price and has a trading-hours filter. It has 14 settings, for example Take Profit (default 0), Lots (default 1) and Trailing Stop (default 0). 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 · v4 · Free
About Starter V4 Mod
Starter V4 Mod is an expert advisor (trading robot) for MetaTrader 4 based on Moving Average. It places pending buy/sell stop or limit orders, moves the stop loss behind price (trailing stop / break-even) and trades only in the hours you set (time filter). It has 14 settings, such as Take profit, Lots and Trailing stop. MQL source code included.
It also can size trades from your balance and risk percent and works on several symbols at once.
Files in the download: Starter_v4_mod_1.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 |
|---|---|---|
| Take profit | 0 | Take profit distance |
| Lots | 1 | Trade size in lots |
| Trailing stop | 0 | Trailing stop distance or switch |
| Stop loss | 0 | Stop loss distance |
| Mm | 1 | |
| Riskpercent | 5 | Risk per trade (percent of balance) |
| Account is mini | 0 | |
| Live trading | 1 | |
| Decrease factor | 3 | |
| Margincutoff | 800 | |
| Turnon | 1 | |
| Maximum losses | 5 | |
| Stop | 5 | |
| Ma period | 120 | Period or timeframe used by the calculation |
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 · Time Filter · Risk & Lot Size · Multi-Currency · Moving Average · MT4 Expert Advisor · MQL4 Source Code