Tick Scalper V1.2 2
Tick Scalper V1.2 2 is an expert advisor (trading robot) for MetaTrader 4 from the Old Kings collection. Judging by its name, it is built around short scalping trades. This copy is version 1.2.2. It raises the lot size after losses (martingale — high risk), works with a grid of orders and places pending orders. It has 40 settings, for example magic (default 1234), moneymanagement (default Money Management) and lots (default 0.1). 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 · v1.2 · Free
About Tick Scalper V1.2 2
Tick Scalper V1.2 2 is an expert advisor (trading robot) for MetaTrader 4. It increases the lot size after a losing trade (martingale), opens a grid of orders at fixed price steps and places pending buy/sell stop or limit orders. It has 40 settings, such as Magic, Moneymanagement and Lots. MQL source code included.
It also moves the stop loss behind price (trailing stop / break-even), trades only in the hours you set (time filter) and can size trades from your balance and risk percent.
Files in the download: Tick Scalper v1.2.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 |
|---|---|---|
| Magic | 1234 | magic number required if you use different settings on a same pair, same timeframe |
| Moneymanagement | Money Management | |
| Lots | 0.1 | lots size |
| Mm | false | enable risk management |
| Risk | 1 | risk in percentage of the account |
| Minlot | 0.01 | minimum lots size |
| Maxlot | 100 | maximum lots size |
| Lotdigits | 2 | lot digits, 1=0.1, 2=0.01 |
| Ordersmanagement | Order Management | |
| Ecn | true | make the expert compatible with ecn brokers |
| Instantorders | true | instant orders |
| Stoporders | false | stoporders |
| Limitorders | false | limit orders |
| Onecancelother | false | cancel opposite pending orders when one is triggered |
| Gap | 20 | gap for pending orders |
| Oppositedelete | true | delete the pending orders on an opposite signal |
| Oppositeclose | true | close the orders on an opposite signal |
| Reversesignals | false | reverse the signals, long if short, short if long |
| Maxtrades | 100 | maximum trades allowed by the traders |
| Tradesperbar | 1 | maximum trades per bar allowed by the expert |
| Hidesl | false | hide stop loss |
| Hidetp | false | hide take profit |
| Stoploss | 6 | stop loss |
| Takeprofit | 0 | take profit |
| Trailingstart | 6 | profit in pips required to enable the trailing stop |
| Trailingstop | 6 | trailing stop |
| Trailingstep | 1 | margin allowed to the market to enable the trailing stop |
| Breakevengain | 0 | gain in pips required to enable the break even |
| Breakeven | 0 | break even |
| Expiration | 1440 | expiration in minutes for pending orders |
| Maxspread | 0 | maximum spread allowed by the expert, 0=disabled |
| Adordersmanagement | Advanced Order Management | |
| Enteronopenbar | false | enter only on open bar |
| Onetimecalculation | false | calculate entry logics one time per bar |
| Stop | 0 | stoptake=stoploss and takeprofit |
| Trailing | 0 | trailing=trailingstart and trailingstop |
| Entrylogics | Entry Logics | |
| Brokermode | 0 | 0=we consider only 3/4 digits of price, 1=we consider all digits |
| Distance | 1 | minimum distance in pips between price and previous price to consider a movement |
| Long | true | trade long orders |
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: Scalping · Martingale · Grid · Pending Orders · Trailing Stop & Break-even · Time Filter · Risk & Lot Size · MT4 Expert Advisor · MQL4 Source Code