Transformer EA V
Transformer EA V is an expert advisor (trading robot) for MetaTrader 4 from the Old Kings collection. It works with a grid of orders, places pending orders and moves the stop behind price. It has 24 settings, for example Version (default Transformer_EA_V[3] Oct ), Optimizer (default Prince Rijal) and Currency (default EURUSD, USDCHF, USDCAD o). 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 · v1.0 · Free
About Transformer EA V
Transformer EA V is an expert advisor (trading robot) for MetaTrader 4. It opens a grid of orders at fixed price steps, places pending buy/sell stop or limit orders and moves the stop loss behind price (trailing stop / break-even). It has 24 settings, such as Version, Optimizer and Currency. MQL source code included.
It also trades only in the hours you set (time filter).
Files in the download: Transformer_EA_V(3).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 |
|---|---|---|
| Version | Transformer_EA_V[3] Oct 2009 | |
| Optimizer | Prince Rijal | |
| Currency | EURUSD, USDCHF, USDCAD or USDJPY, TF M15 | |
| Mm type | 1 | |
| Use close | FALSE | |
| Use add | TRUE | |
| Turbo boost | 1.667 | |
| Slip | 3.0 | |
| Lots | 0.1 | Trade size in lots |
| Lots digits | 2.0 | |
| Take profit | 10.0 | Take profit distance |
| Pip step | 5.0 | Distance between orders |
| Max trades | 10 | Maximum number of open trades |
| Use equity stop | FALSE | |
| Total equity risk | 20.0 | Risk per trade (percent of balance) |
| Use trailing stop | FALSE | Trailing stop distance or switch |
| Use time out | FALSE | |
| Enable error messages | FALSE | |
| Max trade open hours | 0.0 | |
| Gmt offset | 2 | |
| Begin hour | 0 | Hour when trading starts (server time) |
| End hour | 21 | Hour when trading stops (server time) |
| Key | 0123456789 | |
| Note | Licensed Until 2009.12.31 |
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: Grid · Pending Orders · Trailing Stop & Break-even · Time Filter · MT4 Expert Advisor · MQL4 Source Code