Starter V4mod
From the Old Kings archive: Starter V4mod, 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 14 settings, for example Take Profit (default 50), Lots (default 0.1) and Trailing Stop (default 10). 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 Starter V4mod
Starter V4mod 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 14 settings, such as Take profit, Lots and Trailing stop. MQL source code included.
Files in the download: Starter_v4mod.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 | 50 | Take profit distance |
| Lots | 0.1 | Trade size in lots |
| Trailing stop | 10 | Trailing stop distance or switch |
| Stop loss | 50 | Stop loss distance |
| Mm | 1 | |
| Riskpercent | 5 | Risk per trade (percent of balance) |
| Account is mini | 1 | |
| Live trading | 0 | |
| Decrease factor | 3 | |
| Margincutoff | 800 | |
| Turnon | 1 | |
| Maximum losses | 3 | |
| Stop | 10 | |
| 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 · Risk & Lot Size · Moving Average · CCI · MT4 Expert Advisor · MQL4 Source Code