Over Hedge
Over 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 moving averages. It can hold buy and sell positions together. It has 12 settings, for example Magic Number (default 11111), Lots (default 0.1) and Hedge Base (default 2.0). 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 Over Hedge
Over Hedge is an expert advisor (trading robot) for MetaTrader 4 based on Moving Average. It can hold buy and sell positions at the same time (hedging). It has 12 settings, such as Magic number, Lots and Hedge base. MQL source code included.
Files in the download: OverHedge.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 |
|---|---|---|
| Magic number | 11111 | Magic number that tells this EA's orders apart |
| Lots | 0.1 | Trade size in lots |
| Hedge base | 2.0 | |
| Slippage | 5 | Maximum slippage allowed when opening a trade |
| Shutdown grid | false | |
| Tunnel width | 20 | |
| Profit target | 100 | if > 0, will close out all positions once the pip target has been met |
| Use lsma | true | |
| Ma short period | 8 | original was 7, change based on new optimization Mar06 |
| Ma long period | 21 | original was 16, change based on new optimization Mar06 |
| Pause seconds | 6 | Number of seconds to "sleep" before closing the next winning trade |
| Millis per sec | 1000 | DO NOT CHANGE - Standard multiplier to convert seconds to milliseconds |
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 · Moving Average · MT4 Expert Advisor · MQL4 Source Code