Hedge Hog 1 1 .0
Hedge Hog 1 1 .0 — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. Its name points to hedged buy / sell positions. Its source code uses ATR. It moves the stop behind price, can size trades from your risk and handles several symbols. It has 8 settings, for example Broker Offset To GMT (default 0), Lots (default 1) and Take Profit (default 14). Before any live use, test it on a demo account and check its lot size, stop loss and trading hours. 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 Hedge Hog 1 1 .0
Hedge Hog 1 1 .0 is an expert advisor (trading robot) for MetaTrader 4 based on ATR. It moves the stop loss behind price (trailing stop / break-even), can size trades from your balance and risk percent and works on several symbols at once. It has 8 settings, such as Broker offset to gmt, Lots and Take profit. MQL source code included.
Files in the download: HedgeHog_1[1].0.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 |
|---|---|---|
| Broker offset to gmt | 0 | InterbankFX.com TimeZone GMT+0 |
| Lots | 1 | Trade size in lots |
| Take profit | 14 | Take profit distance |
| SL | 50 | Stop loss distance |
| Ts mode | 2 | 0 = disabled, 1 = Fixed SL, 2 = ATR |
| Ts trigger | 5 | |
| Ts sensitivity | 5 | |
| Atr period | 14 | Period or timeframe used by the calculation |
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 · Trailing Stop & Break-even · Risk & Lot Size · Multi-Currency · ATR · MT4 Expert Advisor · MQL4 Source Code