Stop Hunter 3
From the Old Kings archive: Stop Hunter 3, an expert advisor (trading robot) for MetaTrader 4. It places pending orders and can size trades from your risk. It has 12 settings, for example Zeroes (default 2), Distance (default 15) and Take Profit (default 5). Before any live use, test it on a demo account and check its lot size, stop loss and trading hours. 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 Stop Hunter 3
Stop Hunter 3 is an expert advisor (trading robot) for MetaTrader 4. It places pending buy/sell stop or limit orders and can size trades from your balance and risk percent. It has 12 settings, such as Zeroes, Distance and Take profit. MQL source code included.
Files in the download: Stop_Hunter.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 |
|---|---|---|
| Zeroes | 2 | |
| Distance | 15 | Distance between orders |
| Take profit | 5 | Take profit distance |
| Stop loss | 95 | Stop loss distance |
| Long orders | TRUE | |
| Short orders | TRUE | |
| Risk percent | 5 | Risk per trade (percent of balance) |
| Min lots | 0.01 | |
| Max lots | 0.01 | |
| Max buy pos | 1 | maximum Buy positions at once |
| Max sell pos | 1 | maximum Sell positions at once |
| Magic | 3265 | Magic number that tells this EA's orders apart |
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 · Risk & Lot Size · MT4 Expert Advisor · MQL4 Source Code