Megatron Ultimate Hedge
Megatron Ultimate Hedge is an expert advisor (trading robot) for MetaTrader 4 from the Old Kings collection. Its name points to hedged buy / sell positions. Its source code uses MACD. It has a trading-hours filter and can size trades from your risk. It has 8 settings, for example Max Trades (default 5), Magic Number (default D'14.02.2009 06:31:30') and Initial Stop (default 0.0). Run it in the Strategy Tester and then on a demo account to see how it opens and closes trades. Inside: 2 EA files 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 Megatron Ultimate Hedge
Megatron Ultimate Hedge is an expert advisor (trading robot) for MetaTrader 4 based on MACD. It trades only in the hours you set (time filter) and can size trades from your balance and risk percent. It has 8 settings, such as Max trades, Magic number and Initial stop. MQL source code included.
Files in the download: megatron-03.jpg, Megatron.jpg, megatron1280x960xy5.jpg, megatronkeren.jpg, MegatronUltimateHedge.ex4, MegatronUltimateHedge~.mq4, photo_35.jpg.
Trading robots can lose money. Check every setting and test on a demo account before using real funds.
Settings
| Setting | Default | What it does |
|---|---|---|
| Max trades | 5 | Maximum number of open trades |
| Magic number | D'14.02.2009 06:31:30' | Magic number that tells this EA's orders apart |
| Initial stop | 0.0 | |
| Note1 | Use InitialStop for StopLoss | |
| MM | FALSE | |
| Note2 | Use MM for Broker with MoneyManagement | |
| Name ea | Megatron-EA | |
| First order lots | 0.1 |
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 · Time Filter · Risk & Lot Size · MACD · MT4 Expert Advisor · MQL4 Source Code