Overlay Positive Hedging V1a 4
From the Old Kings archive: Overlay Positive Hedging V1a 4, an expert advisor (trading robot) for MetaTrader 4. Judging by its name, it is built around hedged buy / sell positions. It has 20 settings, for example Basic Setting (default ----------------- Basic ), Lot (default 0.1) and Layer Distance (default 100). 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 · v1a · Free
About Overlay Positive Hedging V1a 4
Overlay Positive Hedging V1a 4 is an expert advisor (trading robot) for MetaTrader 4. It has 20 settings, such as Basic setting, Lot and Layer distance. MQL source code included.
Files in the download: Overlay Positive Hedging v1a_.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 |
|---|---|---|
| Basic setting | ----------------- Basic Setting -------- | |
| Lot | 0.1 | Trade size in lots |
| Layer distance | 100 | Distance between orders |
| Use take profit by pip | TRUE | Take profit distance |
| Take profit | 80 | Take profit distance |
| Use take profit by usd | FALSE | Take profit distance |
| Take profit in usd | 100.0 | Take profit distance |
| Maximum layer | 5 | |
| Pair setting | ----------------- Pairs Setting -------- | |
| Pair1 | GBPUSD | |
| Pair2 | EURUSD | |
| Note1 | Couple 1: Buy Pair1 Sell Pair2 | |
| Note2 | Couple 2: Sell Pair1 Buy Pair2 | |
| Trade couple1 | TRUE | |
| Trade couple2 | FALSE | |
| Adr setting | ------------------ ADR Setting --------- | |
| Adr day | 365 | |
| Use manual adr ratio | TRUE | |
| Adr ratio | 0.8 | |
| Magic no | 90000 | Magic number that tells this EA's orders apart |
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 · MT4 Expert Advisor · MQL4 Source Code