Way Grow 1.8
From the Old Kings archive: Way Grow 1.8, an expert advisor (trading robot) for MetaTrader 4. In the code it works with moving averages and a price channel. It places pending orders, moves the stop behind price and has a trading-hours filter. It has 40 settings, for example No Trade Profit Yet Filter (default 10), No Trade Profit Yet Stop Loss (default 150) and No Trade Profit Yet Distance (default 150). 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 Way Grow 1.8
Way Grow 1.8 is an expert advisor (trading robot) for MetaTrader 4 based on Moving Average and Channels & Envelopes. It places pending buy/sell stop or limit orders, moves the stop loss behind price (trailing stop / break-even) and trades only in the hours you set (time filter). It has 40 settings, such as No trade profit yet filter, No trade profit yet stop loss and No trade profit yet distance. MQL source code included.
It also can size trades from your balance and risk percent.
Files in the download: WayGrow 1.8.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 |
|---|---|---|
| No trade profit yet filter | 10 | |
| No trade profit yet stop loss | 150 | Stop loss distance |
| No trade profit yet distance | 150 | Distance between orders |
| In trade profit filter | 300 | |
| In trade profit stop loss | 50 | Stop loss distance |
| In trade profit distance | 50 | Distance between orders |
| L | === WAYGROW Settings === | |
| Filter | 20.0 | |
| Magic number | 111 | Magic number that tells this EA's orders apart |
| Trade comment | WG 1.8 edu | Comment written on the orders |
| Stop loss | 23 | Stop loss distance |
| Trailing stop | 30 | Trailing stop distance or switch |
| Trailing step | 12 | Trailing stop distance or switch |
| Break even | 3 | Move the stop to break-even |
| Movestopto | 10 | |
| Use hidden tp | FALSE | |
| Take profit hidden | 0.0 | Take profit distance |
| Min lots | 0.01 | |
| Max lots | 100 | |
| Risk | 2 | Risk per trade (percent of balance) |
| Fixed lots | 0.1 | Trade size in lots |
| Use mm | TRUE | |
| Max spread plus commission | 100000.0 | Maximum spread allowed to trade |
| Limit | 20.0 | |
| Distance | 0.0 | Distance between orders |
| Ma period | 3 | Period or timeframe used by the calculation |
| Ma method | 2 | |
| L | === Trading Hour Settings === | Note broker server time |
| L | -- Session 1: Start & End Hours -- | |
| Session1 start hour | 0 | First session start hour. Time is broker server time |
| Session1 end hour | 12 | First session end hour. Time is broker server time |
| L | --- Session 2: Start & End Hours --- | |
| Session2 start hour | 12 | Second session start hour. Time is broker server time |
| Session2 end hour | 24 | Second session end hour. Time is broker server time |
| L | --- Monday Start Hour --- | |
| Monday start hour | 0 | Trading will not start on Monday before this time. Broker server time. |
| L | --- Friday Close Hour --- | |
| Friday end hour | 24 | Trading will end on Friday at this time. Broker server time. |
| Time filter | --- Time Filter --- | |
| Start hour | 0 | Hour when trading starts (server time) |
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 · Time Filter · Risk & Lot Size · Moving Average · Channels & Envelopes · MT4 Expert Advisor · MQL4 Source Code