US Hedge 3
US Hedge 3 is an expert advisor (trading robot) for MetaTrader 4 from the Old Kings collection. As the name suggests, the idea behind it is hedged buy / sell positions. It can hold buy and sell positions together, places pending orders and has a trading-hours filter. It has 20 settings, for example Lot Size (default 0.01), Take Profit (default 200.0) and use Take Profit (default false). 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 US Hedge 3
US Hedge 3 is an expert advisor (trading robot) for MetaTrader 4. It can hold buy and sell positions at the same time (hedging), places pending buy/sell stop or limit orders and trades only in the hours you set (time filter). It has 20 settings, such as Lot size, Take profit and Use take profit. MQL source code included.
It also can size trades from your balance and risk percent and works on several symbols at once.
Files in the download: US-HEDGE.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 |
|---|---|---|
| Lot size | 0.01 | Trade size in lots |
| Take profit | 200.0 | Take profit distance |
| Use take profit | false | Take profit distance |
| Stop loss | 0.0 | Stop loss distance |
| Use stop loss | false | Stop loss distance |
| Slippage | 1 | Maximum slippage allowed when opening a trade |
| Open trades hour | 14 | |
| Close trades hour | 12 | |
| Use money management | true | |
| Account is micro | true | |
| Risk | 10 | risk in percentage % (10% of risk in this case) |
| Pairs to hedge | --If you account is mini add m-- | |
| Symbol1 | EURUSDm | |
| Symbol2 | GBPUSDm | |
| Symbol3 | USDCHFm | |
| Symbol4 | USDJPYm | |
| Cl open buy | CLR_NONE | |
| Cl sell buy | CLR_NONE | |
| Buy comment | US-HEDGE BUY | Comment written on the orders |
| Sell comment | US-HEDGE SELL | Comment written on the orders |
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 · Time Filter · Risk & Lot Size · Multi-Currency · MT4 Expert Advisor · MQL4 Source Code