Ver 189
Ver 189 — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. This copy is version 189. It raises the lot size after losses (martingale — high risk), can hold buy and sell positions together and places pending orders. It has 6 settings, for example Activate EA (default TRUE), hd1 (default ===RISK LEVEL (1-LOW, 2-) and i Risk Level (default 2). Before any live use, test it on a demo account and check its lot size, stop loss and trading hours. 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.
Expert advisor · MT4 · v1.0 · Free
About Ver 189
Ver 189 is an expert advisor (trading robot) for MetaTrader 4. It increases the lot size after a losing trade (martingale), can hold buy and sell positions at the same time (hedging) and places pending buy/sell stop or limit orders. It has 6 settings, such as Activate ea, Hd1 and I risk level. 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: Toms EA 1.8.9-EDU.ex4, Toms EA 1.8.9-EDU.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 |
|---|---|---|
| Activate ea | TRUE | |
| Hd1 | ===RISK LEVEL (1-LOW, 2-MODERATE, 3-HIGH | |
| I risk level | 2 | Risk per trade (percent of balance) |
| Liquidation | FALSE | |
| Max percentage drawdown | 40.0 | |
| Hedging allowed | TRUE |
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: Martingale · Hedging · Pending Orders · Trailing Stop & Break-even · Time Filter · Risk & Lot Size · MT4 Expert Advisor · MQL4 Source Code