Trade Protector
From the Old Kings archive: Trade Protector, a script for MetaTrader 4. It has 10 settings, for example logging (default 1), n Trailing Stop (default 35) and n Prop SLThreshold (default 12). Scripts run once when you drop them on a chart; try it on a demo account first. Inside: 2 EA files 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.
Script · MT4 · v1.0 · Free
About Trade Protector
Trade Protector is a script for MetaTrader 4. It has 10 settings, such as Logging, N trailing stop and N prop sl threshold. MQL source code included.
Files in the download: trade_protector-1.0.mq4, trade_protector-1.2.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Logging | 1 | |
| N trailing stop | 35 | Trailing stop distance or switch |
| N prop sl threshold | 12 | |
| D prop sl ratio | 0.35 | |
| N use escape | 0 | |
| N escape level | 0 | |
| N escape tp | 35 | |
| N slip | 2 | |
| N initial sl | 15 | |
| N sleep | 0 |
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 → Scripts.
- 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 script onto a chart to run it once.
Tags: MT4 Expert Advisor · MQL4 Source Code