Straddle&Trail
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called Straddle&Trail. Its name points to trailing stops. It places pending orders, moves the stop behind price and has a news filter. It has 11 settings, for example s Str00 (default 0=Everything ), s Str01 (default 1=All Triggered Positio) and s Str02 (default 2=Triggered Long ). 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 Straddle&Trail
Straddle&Trail 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 has a news filter. It has 11 settings, such as S str00, S str01 and S str02. MQL source code included.
It also works on several symbols at once and is set up for gold (XAUUSD).
Files in the download: Straddle&Trail.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 |
|---|---|---|
| S str00 | 0=Everything | |
| S str01 | 1=All Triggered Positions | |
| S str02 | 2=Triggered Long | |
| S str03 | 3=Triggered Short | |
| S str04 | 4=All Pending Positions | |
| S str05 | 5=Pending Long | |
| S str06 | 6=Pending Short | |
| S str1 | === POSITION DETAILS === | |
| Lots | 0.3 | Trade size in lots |
| Slippage | 10 | Maximum slippage allowed when opening a trade |
| S str2 | === NEWS EVENT === |
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 · News Trading · Multi-Currency · Gold (XAUUSD) · MT4 Expert Advisor · MQL4 Source Code