The Master Mind3 5
The Master Mind3 5 — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. Its source code uses an oscillator. It places pending orders, moves the stop behind price and can size trades from your risk. It has 28 settings, for example Lots (default 200), Stop Loss (default 2000) and Take Profit (default 0). 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 The Master Mind3 5
The Master Mind3 5 is an expert advisor (trading robot) for MetaTrader 4 based on Oscillator. 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 28 settings, such as Lots, Stop loss and Take profit. MQL source code included.
Files in the download: TheMasterMind3.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 | 200 | Trade size in lots |
| Stop loss | 2000 | Stop loss distance |
| Take profit | 0 | Take profit distance |
| Trade at close bar | true | |
| Trailing stop | 0 | Trailing stop distance or switch |
| Trailing step | 1 | Trailing step |
| Break even | 0 | Move the stop to break-even |
| Magic number | 0 | Magic number that tells this EA's orders apart |
| Repeat | 3 | |
| Periods | 5 | Number of bars in the calculation |
| Use alert | false | Turn this alert on or off |
| Send email | true | Turn this alert on or off |
| Slippage | 3 | Maximum slippage allowed when opening a trade |
| Crash | false | |
| Time frame | 0 | Period or timeframe used by the calculation |
| Length | 5 | |
| Method | 3 | |
| Smoothing | 1 | |
| Filter | 5 | |
| Real time | true | |
| Steady | false | |
| Color | true | Colour on the chart |
| Alerts | true | Turn this alert on or off |
| Email on | false | Turn this alert on or off |
| Signal price | true | |
| Signal price buy | Yellow | |
| Signal price sell | Aqua | |
| Count bars | 1485 |
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 · Oscillator · MT4 Expert Advisor · MQL4 Source Code