Marny Money Tree
Info
The Marny Money Tree is a Expert Advisor for MetaTrader 4 that it is a multi-order placer (4 limit and 1 instant) and well-performing ea. It operates in conjunction with various moving averages.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Experts folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use Marny Money Tree
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
What this tool does
It is a multi-order placer (4 limit and 1 instant) and well-performing EA.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 4. Place the file in the MQL4/Experts folder and restart the terminal.
Description & Settings
Related: Breakout Strategy EA with Money Management and Multi-Currency Support - another powerful expert for MetaTrader 4 traders.
It is a multi-order placer (4 limit and 1 instant) and well-performing EA. It operates in conjunction with various moving averages.Also recommended: example of sa r automated - with advanced money management - similar expert with strong performance on MetaTrader 4.
Features of the Expert Adviser:
Default Risk Factor 0.02/1000
Inputs Account Take Profit
You can set a target profit range for your account. For example, if your account balance is $1000 and you set the account target to $1100, after some trading, if the account equity exceeds $1100, the EA will close all orders and enter sleep mode automatically.
Inputs Lots Minimum
This feature allows you to set a minimum lot size. If orders are closing in losses consecutively or you are dissatisfied with the default lot volume, you can adjust the minimum lot size as desired.
Inputs Lots Maximum
This feature enables you to set a maximum lot size. If orders are closing in profits consecutively and you wish to limit the lot size, you can set the maximum lot size accordingly. (The maximum lot size must be greater than the minimum lot size.) The EA will then control the highest lot size according to your specified value.
Inputs Order2Pips (Marny Money Tree)
The EA will place a total of 5 orders per attempt. The first order is an instant order at the current rate, and the remaining 4 are limit orders. By default, the second order will be placed at a distance calculated as (Order1 into Open Point) + (Order2Pips into Pips). For instance, if Order1 is executed at 1.3533, the second order will be placed as a limit order at 1.3533 + 7 = 1.3540. You can adjust the distance between orders as needed.
Inputs Order3Pips
This feature is similar to the previous one, allowing you to set the distance for the third order.
Inputs Order4Pips
This feature sets the distance for the fourth order.
Inputs Order5Pips
This feature sets the distance for the fifth order.
Marny Money Tree Expert Adviser is designed based on the coordination of moving averages. The downloaded EA is functional until the end of November 2026. For any assistance or inquiries, contact the developer (languages: English, Hindi, Telugu, Tamil only).
By default, Marny Money Tree is configured for 4-decimal point accounts. If you trade on 5-decimal point accounts, you must adjust the values of Order 2 Pips, Order 3 Pips, Order 4 Pips, and Order 5 Pips. The recommended values are 7 to 70, 14 to 140, 21 to 210, and 28 to 280, respectively.
You may also like: Q-Follow Trailing Stop EA - excellent alternative for expert users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#define magicma 20111111
extern double accounttarget = 10000000.0; // to set target level.
extern double lots = 2.0; // value for lot default.
extern double lotsminimum = 2.0; // describe minimum lot size on lose factor.
extern double lotsmaximum = 10.0; // describe maximum lot size on profit factor.
extern double riskfactor = 110; // describe risk level for order.
extern double decreasefactor = 3; // describe lot decrease factor for order.
extern double order2pips = 4; // distance with the first order. order no 2. type limit........
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.