Enigma 4
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called Enigma 4. It can hold buy and sell positions together, places pending orders and can size trades from your risk. It has 2 settings, for example mm Risk (default 0.05) and hedging Workaround (default FALSE). Before any live use, test it on a demo account and check its lot size, stop loss and trading hours. Inside: 3 EA files with source code (.mq4) you can open and edit in MetaEditor and a PDF guide. 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 Enigma 4
Enigma 4 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 can size trades from your balance and risk percent. It has 2 settings, such as Mm risk and Hedging workaround. MQL source code included.
Files in the download: Enigma\Enigma G-12 Trading Manual.pdf, Enigma\EnigmaG12.ex4, Enigma\EnigmaG12.tpl, Enigma\EnigmaG12Core.dll, Enigma\EnigmaG12_DeletePending.ex4, Enigma\EnigmaG12~.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 |
|---|---|---|
| Mm risk | 0.05 | Risk per trade (percent of balance) |
| Hedging workaround | FALSE |
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 · Risk & Lot Size · MT4 Expert Advisor · MQL4 Source Code