Timerset V4.1
From the Old Kings archive: Timerset V4.1, an expert advisor (trading robot) for MetaTrader 4. The file name marks it as version 4.1. It places pending orders and moves the stop behind price. It has 12 settings, for example Parameters (default - Timerset v.4 -), Parameters1 (default = = = = = = = = = ) and MAGIC (default 1072010). 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 · v4.1 · Free
About Timerset V4.1
Timerset V4.1 is an expert advisor (trading robot) for MetaTrader 4. It places pending buy/sell stop or limit orders and moves the stop loss behind price (trailing stop / break-even). It has 12 settings, such as Parameters, Parameters1 and MAGIC. MQL source code included.
Files in the download: TIMERSET v4.1.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 |
|---|---|---|
| Parameters | - Timerset v.4 - | |
| Parameters1 | = = = = = = = = = | |
| MAGIC | 1072010 | Magic number that tells this EA's orders apart |
| Buyorder | true | |
| Sellorder | true | |
| Distance set | 10 | Distance between orders |
| Distance set protect | 10 | Distance between orders |
| Slippage | 3 | Maximum slippage allowed when opening a trade |
| Lots | 0.01 | Trade size in lots |
| Real sl | 60 | |
| Vir tp | 5 | |
| Vir sl | 60 |
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 · MT4 Expert Advisor · MQL4 Source Code