Daily Hedge EA 2
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called Daily Hedge EA 2. Its name points to hedged buy / sell positions. It can hold buy and sell positions together and places pending orders. It has 21 settings, for example STRATEGY 1 ON (default TRUE), Magic Number1 (default 407830) and Magic Number2 (default 407831). 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 Daily Hedge EA 2
Daily Hedge EA 2 is an expert advisor (trading robot) for MetaTrader 4. It can hold buy and sell positions at the same time (hedging) and places pending buy/sell stop or limit orders. It has 21 settings, such as Strategy 1 on, Magic number1 and Magic number2. MQL source code included.
Files in the download: Daily Hedge_EA.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 |
|---|---|---|
| Strategy 1 on | TRUE | |
| Magic number1 | 407830 | Magic number that tells this EA's orders apart |
| Magic number2 | 407831 | Magic number that tells this EA's orders apart |
| Lot size1 | 0.3 | |
| So distance | 3 | Distance between orders |
| SL1 | 12 | |
| TP1 | 25 | |
| Strategy 2 on | TRUE | |
| Magic number3 | 407832 | Magic number that tells this EA's orders apart |
| Magic number4 | 407833 | Magic number that tells this EA's orders apart |
| Lot size2 | 0.3 | |
| SL2 | 10 | |
| TP2 | 20 | |
| Strategy 3 on | TRUE | |
| Magic number5 | 407834 | Magic number that tells this EA's orders apart |
| Magic number6 | 407835 | Magic number that tells this EA's orders apart |
| Lot size3 | 0.3 | |
| SL3 | 10 | |
| TP3 | 20 | |
| Comment | Raja_Hedge_EA | Comment written on the orders |
| Slip | 3 |
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 · MT4 Expert Advisor · MQL4 Source Code