Hedge Hog Ultra V1
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called Hedge Hog Ultra V1. Its name points to hedged buy / sell positions. The file name marks it as version 1. It places pending orders. It has 6 settings, for example Start (default 0), Pips (default 14) and Stop Loss (default 25). 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 · Free
About Hedge Hog Ultra V1
Hedge Hog Ultra V1 is an expert advisor (trading robot) for MetaTrader 4. It places pending buy/sell stop or limit orders. It has 6 settings, such as Start, Pips and Stop loss. MQL source code included.
Files in the download: HedgeHogUltra_v1.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 |
|---|---|---|
| Start | 0 | |
| Pips | 14 | |
| Stop loss | 25 | Stop loss distance |
| Take profit | 14 | Take profit distance |
| Po mode | 0 | Mode Pending Orders / 0-close when opposite is actived / 1-close at 23:55 |
| Lots | 1 | Trade size in lots |
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