Xpert Read M1 GBPJPY 3
Xpert Read M1 GBPJPY 3 — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. Its source code uses ATR, Momentum and an oscillator. It places pending orders, moves the stop behind price and can size trades from your risk. It has 9 settings, for example ecn Broker (default true), Magic ID (default 16888) and LOTS (default 0.05). Watch it on a demo account for a while — robots can behave differently with each broker. 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 Xpert Read M1 GBPJPY 3
Xpert Read M1 GBPJPY 3 is an expert advisor (trading robot) for MetaTrader 4 based on ATR, Momentum and Oscillator. It places pending buy/sell stop or limit orders, moves the stop loss behind price (trailing stop / break-even) and can size trades from your balance and risk percent. It has 9 settings, such as Ecn broker, Magic id and LOTS. MQL source code included.
Files in the download: Xpert Read M1 GBPJPY.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 |
|---|---|---|
| Ecn broker | true | |
| Magic id | 16888 | Magic number that tells this EA's orders apart |
| LOTS | 0.05 | Trade size in lots |
| Risk | 100 | risk: 0-->fixed lots |
| SL | 50 | Stop loss distance |
| TP | 100 | Take profit distance |
| Trailing | true | Trailing stop distance or switch |
| Trailing extra | 50.0 | Trailing stop distance or switch |
| Spread | 20 | Maximum spread allowed to trade |
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 · Risk & Lot Size · ATR · Momentum · Oscillator · MT4 Expert Advisor · MQL4 Source Code