SMA Multi Hdege2
SMA Multi Hdege2 — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. Judging by its name, it is built around moving averages. Its source code uses moving averages. It can hold buy and sell positions together, can size trades from your risk and handles several symbols. It has 13 settings, for example Trade Allowed (default false), period SMA (default 20) and c Period (default 20). 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 · v1.0 · Free
About SMA Multi Hdege2
SMA Multi Hdege2 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), can size trades from your balance and risk percent and works on several symbols at once. It has 13 settings, such as Trade allowed, Period sma and C period. MQL source code included.
Files in the download: SMA_MultiHdege2.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 |
|---|---|---|
| Trade allowed | false | |
| Period sma | 20 | Number of bars in the calculation |
| C period | 20 | Period or timeframe used by the calculation |
| Base symbol | GBPUSD | |
| Auto lot | false | |
| Mm base | 3 | |
| Max risk | 0.1 | 10% by default |
| Hedge h1 | true | |
| Hedge h2 | true | |
| Hedge h3 | false | |
| Magic no | 111 | Magic number that tells this EA's orders apart |
| Show status | true | |
| Play audio | false |
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: Moving Average · Hedging · Risk & Lot Size · Multi-Currency · MT4 Expert Advisor · MQL4 Source Code