Time Break Expert V2
Time Break Expert V2 — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. This copy is version 2. It places pending orders, moves the stop behind price and can size trades from your risk. It has 19 settings, for example Expert Name (default TimeBreakExpert_v2), Magic (default 33333) and Slippage (default 6). 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 · v2 · Free
About Time Break Expert V2
Time Break Expert V2 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 can size trades from your balance and risk percent. It has 19 settings, such as Expert name, Magic and Slippage. MQL source code included.
Files in the download: TimeBreakExpert_v2.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 |
|---|---|---|
| Expert name | TimeBreakExpert_v2 | |
| Magic | 33333 | Magic number that tells this EA's orders apart |
| Slippage | 6 | Maximum slippage allowed when opening a trade |
| Main parameters | Trade Volume & Trade Method | |
| Lots | 0.2 | Lot size |
| Stop trade | false | Stop of Trade switch |
| Data | Input Data | |
| Time zone | 0 | Difference between server time and local time |
| Time trade | 15:29 | Local time of openning orders |
| Time finish | 23:00 | Local time of closing pending orders |
| Take profit | 50 | Take Profit in pips |
| Trailing stop | 15 | Trailing Stop in pips |
| Initial stop | 20 | Initial Stop in pips |
| Break even | 0 | Breakeven in pips |
| Pend ord gap | 15 | Gap for Pending Orders from current price in pips |
| Mm parameters | MoneyManagement by L.Williams | |
| MM | false | Switch |
| Mm risk | 0.15 | Risk Factor |
| Loss max | 1000 | Maximum Loss by 1 Lot |
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 · MT4 Expert Advisor · MQL4 Source Code