Bismillah Hedge 2
Bismillah Hedge 2 — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. Judging by its name, it is built around hedged buy / sell positions. It can hold buy and sell positions together, places pending orders and has a trading-hours filter. It has 6 settings, for example EAName (default hedge close), pips (default 100) and lots (default 0.01). 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 Bismillah Hedge 2
Bismillah Hedge 2 is an expert advisor (trading robot) for MetaTrader 4. It can hold buy and sell positions at the same time (hedging), places pending buy/sell stop or limit orders and trades only in the hours you set (time filter). It has 6 settings, such as Ea name, Pips and Lots. MQL source code included.
It also can size trades from your balance and risk percent.
Files in the download: Bismillah Hedge..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 |
|---|---|---|
| Ea name | hedge close | |
| Pips | 100 | |
| Lots | 0.01 | Trade size in lots |
| Fixed spread | 3 | Maximum spread allowed to trade |
| Nb levels | 10 | |
| Continue trading | 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: Hedging · Pending Orders · Time Filter · Risk & Lot Size · MT4 Expert Advisor · MQL4 Source Code